12-1,107. Same; disposition of tax receipts.
12-1,107
12-1,107. Same; disposition of tax receipts.
(a) Except as provided in subsection (b), the proceeds of all taxes
levied pursuant to this act shall be credited to the general fund of the
county, city or township levying the same.
(b) In counties which have adopted the county unit road system, the
amount credited to a township shall be limited to an amount which when added
to all other amounts of revenue for the general fund and all other funds
of the township will not exceed the amount of the adopted budget for such
funds, 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 road
and bridge fund.
History: L. 1982, ch. 63, § 7; L. 1983, ch. 61, § 3; April 14.