- (a) If an ordinance is adopted under section 5 of this chapter, the fiscal officer of the city shall establish a food and beverage tax receipts fund.
- (b) The fiscal officer shall deposit in the fund county food and beverage tax revenue that the fiscal officer receives.
- (c) Any money earned from the investment of money in the fund becomes part of the fund.
- (d) Money in the fund at the end of the city fiscal year does not revert to the city general fund.
As added by P.L.176-2009, SEC.21.