12-148. Same; contract provisions; apportionment of revenues.
12-148
12-148. Same; contract provisions; apportionment of revenues.
Contracts for the payment of service charges in lieu of taxes shall
provide for the making of payments thereunder to the county treasurer of
the county receiving such payments or the county in which any other taxing
subdivision receiving such payments is located. The county treasurer shall
apportion and pay moneys from such payments in the following manner: (1) If
the contract under which such payment is made with a single taxing
subdivision and designates the fund or funds to which such revenue shall be
applied, the county treasurer shall place such revenue in the designated
fund or funds of such subdivision;
(2) if the contract is made with a single taxing subdivision but does
not specify the fund or funds to which the revenue shall be applied the
county treasurer shall apportion such revenue among the tangible property
tax supported funds of the taxing subdivision, except bond and interest
funds, in the proportion that the tax levy for each such fund bears to the
total of all tax levies made for all such funds;
(3) if the contract provides for the allocation of such revenue to more
than one taxing subdivision but designates the particular funds of such
subdivisions to which the same shall be applied, the county treasurer shall
allocate such funds in the manner provided in the contract;
(4) if the contract provides for the allocation of such revenue to more
than one taxing subdivision but does not designate the fund or funds to
which the same shall be applied the county treasurer shall apportion and
pay moneys from such payments into the several tangible property tax
supported funds of such taxing subdivisions, other than bond and interest
funds, in the proportion that the tax levy for each of such funds bears to
the total of the tax levies made for such funds of such subdivisions.
History: L. 1969, ch. 81, § 2; July 1.