A. The total amount in the tax stability and trust fund shall be limited to the percentage of the total taxable value of property in the county, up to, but not in excess of, the maximum limits provided in the following schedule:
Total Taxable Value
| Fund Limits Percentage Of Taxable Value |
But Not To Exceed:
|
Less than $500,000,000.00 | 1.6% | $ 5,000,000.00 |
$500,000,000.00 to $1,500,000,000.00 | 1.0% | 7,500,000.00 |
Over $1,500,000,000.00 | 0.5% | 15,000,000.00 |
B. If any excess occurs in the tax stability and trust fund over the percentage or maximum dollar amounts specified herein, the excess shall be transferred to the general fund of the county and may be used for all purposes as other amounts in the general fund are used. (1988 Code § 3.20.040)