(A) The proceeds resulting from the imposition of the first five cents ($0.05) of the tax provided for in this subchapter "Motor Fuel Tax", including penalties and interest, shall be paid into the treasury of the Village and shall be credited to and deposited in the following funds:
(1) Two-fifths of such proceeds shall be credited to and deposited into a fund dedicated for roadway repair, maintenance, and transportation improvement projects and infrastructure repairs and replacements in the Village;
(2) Three-fifths of such proceeds shall be credited to and deposited into the Village's Police and Fire Pension Funds; such contribution will be deposited in addition to the money regularly allocated from levy contributions.
(B) The proceeds resulting from the imposition of the remaining three cents ($0.03) of the tax provided for in this subchapter "Motor Fuel Tax", including penalties and interest, shall be paid into the treasury of the Village and shall be credited to and deposited in the general corporate fund of the Village.
(Ord. 15-3017, passed 9-3-15; Am. Ord. 20-4223, passed 4-16-20)