§ 19-32. Deposit and use of public service taxes.

Latest version.

(a) All public service taxes received by the city shall upon receipt thereof be deposited in the general fund. Revenues derived from taxes levied on each separate service taxable hereunder shall be recorded in separate revenue accounts within the general fund for purposes of accounting therefor, but shall be authorized to pay any and all operating and nonoperating expenses of the city.

(b) Nothing contained in this article shall impair or affect the validity of pledges of revenues derived from public service taxes heretofore made by the city for the debt service requirements of obligations issued by the city.

(Ord. No. 96-20, § 1, 11-20-96; Ord. No. 2001-19, § 1, 11-20-01)

                    
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