Legal Documents of Rocky Top

Code of Rocky Top

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 5 Room Occupancy Tax » § 5-509 Disposition by city of tax proceeds.
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Title 5
5-1
Title 5, Chapter 1
5-101
§ 5-101
Rocky Top
Title 5 : Municipal Finance and Taxation
Chapter 5 : Room Occupancy Tax

5-509 : Disposition by city of tax proceeds.

The proceeds from the tax levied herein shall be retained by the municipality and appropriated by the legislative body of Rocky Top, with no more than eighty percent (80%) of the generated revenue going into the general fund and the remainder into a tourism, special projects and programs account. This account shall be under the general management of the city administrator with expenditures budgeted authorized and approved by the legislative body of Rocky Top in the traditional manner of their handling the municipalities various funds and accounts. (1996 Code, § 6-609)