2006 S Revenue - Interlocal Agreement between County and Towns on Taxation Collection

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of this order, along with the tax receipts, shall be delivered to the tax collector. Thereafter, the tax collector shall cause the preparation of the tax "Scroll" and shall deliver a copy thereof to each of the TOWNS. The Annual Settlement of the tax collector as detailed in Sections 105-352 and 105-373 of the North Carolina General Statutes shall be made to the governing body of the County. IV. Except as expressly provided herein The Orange County Board of Commissioners shall have the sole and absolute authority to make any and all elections, determinations and decisions for the County and the Towns that the governing bodies of the County and each Town are authorized to make pursuant to Articles 21, 26, 27 and 28 of Chapter 105 of the North Carolina General Statutes. V. When taxes are paid in full, tax receipts will be marked paid as a verification of the transaction. Partial payments maybe made and partial payment receipts shall be issued and forwarded to the taxpayer by the tax collector. Any such partial payment shall be identified where appropriate as to a particular parcel or tract of land and credited as prescribed by law as to collection expense, interest, penalty and principal and to each governing body proportionally. Each town shall be credited by the tax collector with that portion of the payment received that bears the same relationship to the total amount received as the amount of taxes owed to the Town for the property bears to the total amount of taxes owed for the property. All tax payments received by the Towns shall be deposited in an account designated by the County. Processed information shall be forwarded to the County tax collector. VI. All tax collections that are made pursuant to the joint tax collection system shall be deposited daily in accounts specified by the County Finance Officer. At or before 1:OOPM of the work day following