Section 1262-I. Allocation of net collections from the additional one percent rate of sales and compensating use taxes in the county of Tioga

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Notwithstanding any contrary provision  of  law,  one-half  of  the  net
  collections  received  by the county of Tioga from the one percent sales
  and compensating use taxes in addition to the three percent  rate,  each
  as  authorized  by  section twelve hundred ten of this article, shall be
  deposited in the general fund  of  such  county  and  one-half  of  such
  collections  shall  be  deposited  by  the  county of Tioga in a capital
  reserves fund. Disbursements  from  such  capital  reserves  fund  shall
  solely  be  made  for  the purposes of capital projects and repaying any
  debts incurred for such capital projects in the county of Tioga.

                    
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