12-1,107

Chapter 12.--CITIES AND MUNICIPALITIES
Article 1.--GENERAL PROVISIONS

      12-1,107.   Same; disposition of tax receipts.(a) Except as provided in subsection (b), the proceeds of all taxeslevied pursuant to this act shall be credited to the general fund of thecounty, city or township levying the same.

      (b)   In counties which have adopted the county unit road system, theamount credited to a township shall be limited to an amount which when addedto all other amounts of revenue for the general fund and all other fundsof the township will not exceed the amount of the adopted budget for suchfunds, and all moneys exceeding such amount shall be credited as follows:(1) One-half to the county general fund and (2) one-half to the county roadand bridge fund.

      History:   L. 1982, ch. 63, § 7; L. 1983, ch. 61, § 3; April 14.