(A) There is hereby established a fund to be known as the Tax Sale Fee Fund. The Fund shall be funded by the payments received by the county for the advertising and abstract expenses in direct relation to the annual tax sale.
(B) The purpose of this Fund shall be to provide funds for the costs associated with the contractual expenses of advertising and abstracting fees. These funds shall be accepted at the time of payment of taxes and expenses on or before the annual tax sale. This Fund shall expedite the actual payments to vendors associated with the annual tax sale.
(C) The Fund shall not require appropriation by the County Council and shall be spent in accordance with the general rules as to which other funds of the county are subject.
(D) All amounts placed in the Fund shall be invested and reinvested pursuant to the standard procedures followed by the county, and the funds shall not revert to the General Fund at the end of the year.
(BC Ord. 8, passed 8-7-95)