§ 3.20.102. Collection of charge.

Commencing in the 1990-1991 fiscal year, and continuing annually thereafter, the county auditor shall compute the property tax administrative charge for each affected local jurisdiction and submit invoices therefor to each affected local jurisdiction. Pending receipt of payment of each invoice, the auditor shall withhold from each affected local jurisdiction the lesser of the following amounts:

(1)

The amount of the invoice; or

(2)

One-half of any increased property tax allocation to which an affected local jurisdiction may be otherwise entitled.

Any invoice for property tax administrative charges which remains unpaid in whole or in part after thirty days shall bear interest at the legal rate established pursuant to Section 685.010 of the Code of Civil Procedure on the unpaid balance.

(Ord. 2512 § 7 (part), 1991)