§ 841.

STADIUM OPERATOR ADMISSION TAX FUND

The Tax Collector shall transmit all monies collected pursuant to this Article to the Treasurer for deposit to the credit of a special fund to be known as the “Stadium Operator Admission Tax Fund.” Said fund shall be used solely for the following purposes:

1.

Administration of the provisions of this Article, cost of which shall not exceed two percent of the total amount collected;

2.

Refunds of any overpayments of the tax imposed hereunder;

3.

Effective July 1, 1971, appropriating funds for base rental and additional base rental as provided for in the Amended Park Lease and Supplemental Amended Park Lease between City and County and San Francisco Stadium, Inc., for the Improvement and Expansion of the Recreation Center located at Candlestick Park;

4.

Once all monies due in accordance with Subsection (3) have been paid, all monies collected pursuant to this Article shall be deposited in the General Fund and subject to the budgetary and fiscal provisions of the Charter, may be expended for any lawful City purpose.

History

(Added by Ord. 356-70, App. 10/30/70; amended by Proposition F, 11/3/98)

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