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22 <br />of five percent (5~) of the tax due, with an additional tax <br />penalty of five percent (5~) for each additional month or <br />fraction thereof until the tax is paid. The Board of County <br />Commissioners may, for good cause shown, compromise or forgive <br />the tax penalties imposed by this section. <br />Any person who willfully attempts in any manner to evade a <br />tax imposed under this section or who willfully fails to pay the <br />tax or make and file a return shall, in addition to all other <br />penalties provided by law, be guilty of a misdemeanor. <br />(e) Use and distribution of tax revenue. The Board of <br />Commissioners of Orange County shall use the proceeds collected <br />from this tax solely for capital projects. The proceeds shall be <br />placed in a Capital Reserve Fund to be expended only for capital <br />projects, including debt service for capital projects. All <br />interest earned from investment of the funds in the Capital <br />Reserve Fund shall be held and expended only in accordance with <br />the provisions of this subsection. <br />(f) Effective date of the levy. A tax levied under this <br />section shall become effective on the date specified in the <br />resolution levying the tax. That date must be the first day of a <br />calendar month, however, and may not be earlier than the first <br />day of the second month after the date the resolution is adopted. <br />(g) Repeal. A tax levied under this section may be <br />repealed by a resolution adopted by the Orange County Board of <br />Commissioners. Repeal of a tax levied under this section shall <br />become effective on the first day of a month and may not become <br />effective until the end of the fiscal year in which the repeal <br />resolution was adopted. Repeal of a tax levied under this <br />section does not affect liability for a tax, its collection and <br />its payment to Orange County that was attached before the <br />effective date of the repeal, nor does it affect a right to a <br />refund of a tax that accrued before the effective date of the <br />repeal. <br />Sec. 2. This act is effective upon ratification. <br />lsg-8 <br />enttax.exB <br />