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Sec. 35-327. Duty of treasurer generally. <br /> <br /> The city treasurer shall be charged with the duty of collecting the taxes levied and <br />imposed under this division and shall cause the same to be paid into the general treasury <br />of the city, for the account of the general capital improvement fund, as provided in this <br />division. <br /> <br />Sec. 35-328. Disposition of funds received under division. <br /> <br /> All funds received by the city treasurer pursuant to this division and all <br />unappropriated funds in the utility tax fund at the effective date oftlfis division or <br />thereafter collected with respect to the tax on electricity and natural gas public utility <br />services as heretofore effective, shall be transferred and paid over forthwith into a <br />separate fund known as the "general debt service fund," to be applied as appropriated <br />from time to time by the city council for debt on the cost of constructing or purchasing <br />general capital improvements; provided, however, that priority of expenditure to the <br />extent funds are available in any one (1) year shall be as follows: <br /> <br /> (1) The amount necessary for debt service on and retirement of outstanding <br /> bond issues. <br /> (2) The amount of two hundred fifty thousand dollars ($250,000.00) for <br /> construction of curbs, gutters, and storm drains. <br /> (3) All other general capital improvements. <br /> <br />Sec. 35-329. Failure of purchaser to pay; violations of division by seller. <br /> <br /> Any purchaser failing, refusing or neglecting to pay the tax imposed or levied by <br />this division, any seller violating the provisions of this division, and any officer, agent or <br />employee of any seller violating the provisions of this division, shall be guilty of a Class <br />3 misdemeanor. Conviction of such violation shall not relieve any person from the <br />payment, collection and remittance of the tax as provided in this division. <br /> <br /> 2. That this ordinance shall take effect on January 1, 200I, and shall be <br />applied to utility consumption reflected in the first meter reading on and after January I, <br />2001. <br /> <br /> Adopted by the Council of the City of Portsmouth, Virginia, at a meeting held on <br />October 10, 2000. <br /> <br /> Teste: <br /> <br /> <br /> City Clerk <br /> <br /> -7- <br /> <br /> <br />