3.16.060  Use of revenues.
   A.   For all revenue generated by the tax levied by §§ 3.16.010 and 3.16.050 prior to January 1, 2018, the revenue shall be allocated as follows:
      1.   Eight percent of the revenue generated by the tax levied by §§ 3.16.010 and 3.16.050 shall be deposited in the city's Utility Support Fund, and shall be used for the construction, operation and maintenance of the city's utility facilities and streets.
      2.   Forty-six percent of the revenue generated by the tax levied by §§ 3.16.010 and 3.16.050 shall be deposited in the city's General Fund, and may be used for any lawful purpose.
      3.   Forty-six percent of the revenue generated by the tax levied by §§ 3.16.010 and 3.16.050 shall be deposited in the Rapid City Capital Improvements & Vision Fund, and may be used for the lawful purposes as set out in § 3.16.090 of the Rapid City Municipal Code.
   B.   For all revenue generated by the tax levied by §§ 3.16.010 and 3.16.050 on January 1, 2018, and at all times thereafter, the revenue shall be allocated as follows:
      1.   Fifty percent of the revenue generated shall be deposited in the city's General Fund, and may be used for any lawful purpose.
      2.   Fifty percent of the revenue generated shall be deposited in the Rapid City Capital Improvements & Vision Fund, and may be used for the lawful purposes as set out in § 3.16.090 of the Rapid City Municipal Code.
(Ord. 6195 (part), 2017: Ord. 6018 (part), 2014: Ord. 6015 (part), 2014: Ord. 5640, 2010: Ord. 5639,  2010: Ord. 5046, 2005: Ord. 3960 (part), 2003: Ord. 3055 (part), 1993: prior code § 2-2(k), (l), (m), (s))