(a) All tax, interest, and penalties collected under the provisions of this subchapter shall be deposited in a separate bank account to be maintained by the city or town. From the proceeds shall be paid the cost of duplicate receipts and windshield stickers.
(b) All proceeds remaining after the payment of the expenses shall be used as follows:
(1) Fifty percent (50%) of the proceeds shall be used for the payment of salaries of law enforcement personnel and personnel of the fire department; and
(2) Fifty percent (50%) of the proceeds shall be used for the maintenance, construction, and reconstruction of streets and other public ways in the town or municipality.
Section: Previous 14-57-702 14-57-703 14-57-704 14-57-705 14-57-706 14-57-707 14-57-708 14-57-709 14-57-710 14-57-711 14-57-712Last modified: November 15, 2016