12-148.   Same; contract provisions; apportionment of revenues.Contracts for the payment of service charges in lieu of taxes shallprovide for the making of payments thereunder to the county treasurer ofthe county receiving such payments or the county in which any other taxingsubdivision receiving such payments is located. The county treasurer shallapportion and pay moneys from such payments in the following manner: (1) Ifthe contract under which such payment is made with a single taxingsubdivision and designates the fund or funds to which such revenue shall beapplied, the county treasurer shall place such revenue in the designatedfund or funds of such subdivision;

      (2)   if the contract is made with a single taxing subdivision but doesnot specify the fund or funds to which the revenue shall be applied thecounty treasurer shall apportion such revenue among the tangible propertytax supported funds of the taxing subdivision, except bond and interestfunds, in the proportion that the tax levy for each such fund bears to thetotal of all tax levies made for all such funds;

      (3)   if the contract provides for the allocation of such revenue to morethan one taxing subdivision but designates the particular funds of suchsubdivisions to which the same shall be applied, the county treasurer shallallocate such funds in the manner provided in the contract;

      (4)   if the contract provides for the allocation of such revenue to morethan one taxing subdivision but does not designate the fund or funds towhich the same shall be applied the county treasurer shall apportion andpay moneys from such payments into the several tangible property taxsupported funds of such taxing subdivisions, other than bond and interestfunds, in the proportion that the tax levy for each of such funds bears tothe total of the tax levies made for such funds of such subdivisions.

      History:   L. 1969, ch. 81, § 2; July 1.