Chapter 3.21
SPECIAL CAPITAL PROJECTS FUND

Sections:

3.21.010    Established.

3.21.020    Deposits – Use of funds.

3.21.010 Established.

There is hereby established a special capital projects fund. The primary purpose of the fund shall be to provide a means by which a separate accounting may be made for receipts and expenditures of all proceeds received from the real estate excise tax, authorized by Chapter 3.10 PMC. [Ord. 916 §1, 2014].

3.21.020 Deposits – Use of funds.

All proceeds received from the real estate excise tax authorized by Chapter 3.10 PMC shall be deposited into the fund. Such proceeds shall then be allocated only to those portions of capital projects being funded by the real estate excise tax described above. [Ord. 916 §1, 2014].