(a) Funds collected under the provisions of this Chapter shall be applied for the following purposes:
(1) Such part thereof as shall be necessary to defray all costs of collecting the taxes levied by this Chapter and the costs of administering and enforcing the provisions hereof.
(2) Such part thereof as if appropriated from time to time by the City Commission for current operating expenses and capital improvements. Provided, however, that at least ten (10) percent of such proceeds shall be placed in the permanent improvement funds of the City, and, as appropriated from time to time, shall be used for, and only for, capital improvement purposes of the City, including debt service charges on notes and bonds issued for capital improvements of The City of Springfield, Ohio.
(b) The term “appropriated” as used in this section shall mean appropriations made by the City Commission in the manner required by law and the provisions of the City Charter.
(Ord. 04-365. Passed 11-2-04 by election.)