35.100.030 - Local retail sales and use tax increment revenue -- Applications.

Local retail sales and use tax increment revenue — Applications.

Local retail sales and use tax increment revenue, or any portion thereof, may be applied as follows:

     (1) To pay downtown or neighborhood commercial district community revitalization costs;

     (2) To pay into bond redemption funds established to pay the principal and interest on general obligation or revenue bonds issued to finance a downtown or neighborhood commercial district community revitalization project;

     (3) In combination with any other public or private funds available to the city or town for the purposes provided in this section; or

     (4) To pay any combination of costs under subsection (1), (2), or (3) of this section.

[2002 c 79 § 3.]