Share of Surtax Sample Clauses

Share of Surtax. As further provided herein, the proceeds of the Extended Sales Surtax levied as provided by law and distributed by this Agreement to the County and the City or as specified herein throughout the term of this Agreement as follows: Governmental Body Share of Proceeds Xxxx County 50% City of Tallahassee 50% As further provided herein, the County and the City hereby irrevocably agree that 80% of the total proceeds previously, defined herein as the “Dedicated Sales Surtax,” shall be used for Blueprint 2000 Projects as approved by the County and City Commissions on July 10, 2000, and ratified in Part V hereof. The County and the City further hereby irrevocably agree that the Dedicated Sales Surtax shall be deposited directly into the account of the Blueprint 2000 Intergovernmental Agency by the Florida Department of Revenue (“DOR”) and irrevocably direct DOR to make such deposits for the term of such tax. The Intergovernmental Management Committee shall administer the spending of those funds on the Blueprint 2000 Projects.
Sample 1
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