(A) It is the purpose of the first and second cent sales tax to provide revenues for the support of the functions of the municipal government of the city.
(B) It is the purpose of the revenues provided by the third cent sales tax levied by this subchapter to provide revenues for:
(1) The making of capital improvements to physical properties of the city;
(2) Paying the costs and expenses of general and special purposes of the municipal government of the city; and
(3) The payment of the principal of and interest on indebtedness incurred by the city or any duly constituted authority thereof.
(Prior Code, § 33.007) (Ord. 376, passed 10-23-1973; Ord. 388, passed 7-21-1976; Ord. 399, passed 5-27-1980)