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4 <br />V9,9 <br />d y <br />entity's percentage of transportation expenditures over the <br />previous five (5) years plus one-third of the entity's total <br />__percentage of population residing in the area based upon <br />the 1984 estimate from the Florida Bureau of Economic and <br />Business Research. <br />By August 15 of each year, the county shall provide the Florida <br />State Department of Revenue a certified copy of the distribution <br />proportions established by interlocal agreement under this section. <br />The revised distribution of tax proceeds shall become effective on <br />September 1 of each year. <br />(c) If, during the term of the imposition of this tax, the county <br />or any of the municipalities become ineligible to receive a share of the <br />local option gas tax for any reason, any funds otherwise <br />undistributed because of ineligibility shall be distributed by the <br />department of revenue to eligible governments within Indian River <br />County in proportion to other monies distributed pursuant to this <br />section. <br />(d) The distribution formula established herein shall also govern <br />the division and distribution of proceeds of the local option gas tax <br />imposed through August 31, but not collected otherwise available for <br />distribution until after August 31, of the year this levy <br />terminates. <br />Sec. 209.05 Utilization of proceeds. <br />Proceeds of the tax imposed herein shall be utilized only <br />for transportation expenditures in accordance with the provisions and <br />requirements of Florida Statutes section 336.025. <br />SECTIONS. TOURIST DEVELOPMENT TAX <br />Article XXV of Chapter 21 of the old Code of Indian River <br />County "Tourist Development Tax" is hereby editorially transferred to <br />Chapter 210 - Tourist Development Tax to read as follows: <br />Chapter 210. Tourist development tax. <br />Sec. 210.01 Taxing district and levy. <br />(a) There are hereby created two (2) taxing districts in <br />which the tourist development tax is imposed. One taxing district <br />encompasses the geographical boundaries of the City of Vero Beach. <br />The second taxing district encompasses the remainder of geographical <br />boundaries of Indian River County. <br />(b) There is hereby adopted and imposed a two (2) per <br />cent tourist development tax in accordance with Section 125.0104, <br />Florida Statutes, on the exercise within each of the taxing districts <br />herein created of the taxable privilege of renting, leasing, or letting, <br />for consideration any living quarters or accommodations in any hotel, <br />apartment hotel, motel, rooming house, mobile home park, recreational <br />vehicle park, camping space or condominium for a term of six (6 ) <br />months or less. <br />Sec. 210.02 Tourist development plan. <br />There are hereby adopted the plans for tourist development <br />for each district created by the tourist development council with <br />regard to the specific revenues and expenditures for the first <br />twenty-four (24) months following the levy of the tourist development <br />tax. The plans are attached hereto and by_ this reference are . hereby <br />incorporated as if fully set forth herein. <br />46 <br />� � r <br />