Sec. 8. Basis of Distribution and Use. The monies in the excise fund that is distributed to a county, city or town shall be distributed in direct proportion to the amount of retailer’s or dealer’s annual license fees paid in respect to licensed premises situated in a city or town, or situated within a county but outside the corporate limits of a city or town. The money distributed shall be credited to the general fund of the county, city or town and the funds shall be budgeted according to law.

[Pre-1973 Recodification Citation: 7-1-1-41(f).]

Formerly: Acts 1973, P.L.55, SEC.1.