The funds collected under the provision of this chapter shall be disbursed for the following purposes:
(A) 5% to the general bond retirement fund;
(B) 20% to the capital improvement fund;
(C) 75% to the general fund for the purpose of general municipal operations.
(Ord.1-1972, passed1-5-72; Am. Ord. 12-2000, passed 12-6-00; Am. Ord. 1-2001, passed 1-24-01; Am. Ord. 1-2005, passed 1-5-05; Am. Ord. 21-2006, passed 12-6-06; Am. Ord. 5-2012, passed 5-2-12; Am. Ord. 1-2017, passed 1-4-17; Am. Ord. 11, 2022, passed 12-7-22)