All funds placed in the Local Tax Fund, including accrued interest, shall be designated for use annually through the adoption of the General Fund Budget Ordinance as approved by City Council. A minimum of one-half of annual proceeds, including accrued interest, shall be transferred annually to the Beach Preservation Fund to benefit the citizens of Folly Beach and tourists who come to visit as set forth in S.C. § 6-1-730.
(Ord. 2-98, passed 2-3-98) (Am. Ord. 33-11, passed 12-13-11; Am. Ord. 06-13, passed 4-2-13; Am. Ord. 18-14, passed 9-9-14; Am. Ord. 05-15, passed 6-9-15; Am. Ord. 001-23, passed 3-14-23)