§ 24-28. Revenues derived from tax; appropriation.

All revenues received, collected, or derived from the taxes levied by this article shall be paid by the sellers to the city finance director and shall be deposited by the finance director in its general operating account, and shall be used and are hereby appropriated for the payment of the necessary operating expenses of the City of Cocoa Beach in the exercise of its governmental, public, and corporate purposes, for the payment of the salaries of the officers, agents, and employees of the city, for the purchase of supplies, property, real estate, and other articles required for the operation of the functions of the city; and no part of said taxes shall be used for the payment of the bonded debt of the city. The tax hereby levied shall be a continuing tax, and the appropriation here made of the proceeds of such tax shall be a continuing appropriation, so long as this article shall be in effect; and the taxes shall be disbursed from year to year, in accordance with the city's appropriation ordinances or resolutions.

(Ord. No. 17, §§ 20, 21, 10-6-1945; Ord. No. 668, § 11, 8-20-1981; Ord. No. 1097, § 1, 10-19-1995)