(a) All revenues received by a city or town from taxes levied pursuant to the authority granted in this subchapter shall be deposited into the city or town treasury and credited to a special account and shall be used for the acquisition, construction, or improvement of parks and recreational facilities within the municipality as prescribed in the levying ordinance.
(b) Any balance remaining in the special account described in subsection (a) of this section after the projects prescribed in the levying ordinance have been completed and paid for shall be used for maintenance and upkeep of municipal parks and recreational facilities.
Section: Previous 26-75-402 26-75-403 26-75-404 26-75-405 26-75-406 26-75-407 26-75-408 26-75-409 26-75-410 26-75-411 NextLast modified: November 15, 2016