The tax increments collected by the Finance Officer of the City from and after the date of settlement of such taxes, whether or not paid into the Tax Increment Fund, shall be considered as funds impressed with a trust in favor of the District for purposes of the Project. Tax increment revenues, whether held by the Finance Officer or otherwise, shall be applied only to the purposes provided for by this chapter and for no other purpose.
(Ord. 4581. Passed 6-12-91.)