§ 20-12. Collection and disbursement.

(a) In general.

The Association shall establish with the appropriate City agencies the methods by which the District special assessment is to be published, collected, and disbursed to the Association.

(b) Funds not part of City revenue.

Except as provided in subsection (c) of this section, amounts collected by the City on behalf of the Association:

(1) may not be included in the revenues of the City;

(2) are not and may not be deemed to be subject to the budgetary and appropriation process; and

(3) shall be disbursed promptly on collection.

(c) City's cost of collecting assessment.

The City may retain 1.5% of the amount of District special assessment collected to cover its costs related to collection, assessment, disbursement, record-keeping, and enforcement of the District special assessment.

(d) Department of Finance may collect.

(1) The Department of Finance may collect the District special assessment.

(2) The assessment for the District special assessment may be included as a separate line item on the City hotel tax collection form.

(3) The Department of Finance shall make regular remittances of the amount collected to the Association within 60 days of receipt. A record of all remittances provided to the Association shall be provided to the District Management Committee.

(e) Penalties and interest.

The penalties and interest applicable to delinquent City hotel taxes shall be applied to delinquencies in payment of the District special assessment.