Chapter 3.55
CAPITAL IMPROVEMENTS
1/4% REAL ESTATE TAX FUND
Sections:
3.55.010 Created.
There is created a new fund to be included in the city’s accounting system to be known as the “1/4% Real Estate Excise Tax Fund.” (Ord. 2092 § 1, 1986).
3.55.020 Purpose.
The purpose of the fund will be to hold and identify, for proper expenditure, funds received from the payment of the 1/4% real estate excise taxes within the corporate limits of the city. (Ord. 2092 § 1, 1986).
3.55.030 Expenditures.
Expenditures from this fund shall be for capital improvements as authorized by the city council and must be in compliance with the provisions of Chapter 82.46 RCW and RCW 35.43.040. (Ord. 2092 § 1, 1986).