Common Contracts
1 similar Funding Agreement contracts
AGREEMENTFunding Agreement • August 4th, 2020
Notwithstanding the provisions of paragraph (1) of this subsection, a municipality . . . may levy a tax under this Code section at a rate of 5 percent. A municipality. . . levying a tax pursuant to this paragraph shall expend (in each fiscal year during which the tax is collected under this paragraph) an amount equal to the amount by which the total taxes collected under this Code section exceed the taxes which would be collected at a rate of 3 percent for the purpose of: (A) promoting tourism, conventions, and trade shows; … Amounts so expended shall be expended only through a contract or contracts with . . . a private sector nonprofit organization, or through a contract or contracts with some combination of such entities, except that amounts expended for purposes (C) and (D) may be so expended in any otherwise lawful manner.
