2019-003 - Authorizing the City Manager to Execute Agreements

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B. Other Applicable laws. City agrees that all provisions of law applicable to the administration and operation of the Department Sales and Use Tax Law which are not inconsistent with Pert 1.6 of Division 2 of the Revenue and Taxation Code shall be applicable to the administration and operation of the City Ordinance, City ag=rees that money collected pursuant to the City Ordinance may be deposited into the State Treasury to the credit of the Retail Sales Tax Fund and may be drawn from that Fund for any authorized purpose, including making; refunds, compensating and reimbursing the Department pursuant to Article IV of this Agmemew, and transmitting to City the amount to which City is entitled. C. Transmittal of Money. L For the period during which the tax is in effect, and except as othcarwise provided herein, all district taxes collected under the provisions of the City Ordinance shall be transmitted to City periodically as promptly as feasible, but not less a flon that% twice in each calendar quarter, 2. For periods subsequent to the expiration date of the tax whether by City's self-imposed limits or by final judgment of any court of the State of California holding that City's ordinance is invalid or void, all district taxes collected under the provisions of the City Ordinance shall be transmitted to City not lass than once in each calondar quarter, 1. Transmittals may be made by trail or electronic funds transfer to an account of the City designated and authorized by the City. A statement shall be furnished at least quarterly indicating the amounts withheld pursuant to Article IV of this Agreement, i), lutes. The Department shall prescribe and adapt such rules and regulations as in its judgment are necessary or desirable for the administration and operation of the City Ordinance and the distribution of the district taxes collected thcrcundex. D. Preference. Unless the payor instructs otherwise, and except as other%+,�ise provided in this Agreement, the Department shall give no preference in applying money received for state sales and use taxes, state -administered local sales and use taxes, and district transactions and use taxes owed by a taxpayer, taut shall apply moneys collected to the satisfaction of the claims of the state, cities, counties, cities and counties, redevelopment agencies, other districts, and City as their interests appear. Resolution No. 2019-003 Page 6 of 11