Section 1260. Revenues resulting from taxes administered by cities over one million

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All taxes, penalties and interest resulting from the imposition  of the taxes authorized under section twelve hundred one shall  be  paid
  into  the treasury of the city imposing the tax and shall be credited to
  and deposited in the general fund of any such city, but no such part  of
  such  revenues  may be expended unless appropriated in the annual budget
  of such city.

                    
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