Chapter 3.84
REAL PROPERTY EXCISE TAX FUND

Sections:

3.84.010    Established.

3.84.020    Source of monies.

3.84.030    Use of monies.

3.84.040    Interest and earnings.

3.84.010 Established.

There is created and established pursuant to RCW 82.46.030,* a capital improvement fund to be known as the “real property excise tax fund.” (Ord. 1271 § 1, 1982)

*Ordinance references Washington Session Laws.

3.84.020 Source of monies.

Into the aforesaid fund there shall be placed the excise taxes collected on sale of real property. (Ord. 1271 § 2, 1982)

3.84.030 Use of monies.

Monies in the fund shall be used for capital improvements, including those listed in RCW 35.43.040 at the discretion of the city council. (Ord. 1271 § 3, 1982)

3.84.040 Interest and earnings.

The interest and earnings from the fund shall be paid into the fund. (Ord. 1271 § 4, 1982)