Chapter 3.56
REAL ESTATE EXCISE TAX FUND
Sections:
3.56.010 Purpose.
The city deems it advisable to establish a separate fund in which to pay the real estate excise tax imposed by the city upon real estate transactions, for appropriate distribution for purposes in accordance with the terms of the state enabling legislation. (Ord. 2009-036 § 1; Ord. 606 § 1, 1991)
3.56.020 Fund established.
There is hereby established a separate fund for the city which shall be known as the real estate excise tax fund. City revenues from the imposition of the real estate excise tax shall be deposited therein and expenditures therefrom shall be for purposes as allowed by law. (Ord. 2009-036 § 1; Ord. 606 § 2, 1991)