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shall be heard de novo. <br /> (e) Use and distribution of Tax Revenue. Proceeds of the <br /> tax shall be divided on a quarterly basis among the county and <br /> the municipalities located in the county electing to receive the <br /> tax as herein provided, one half in accordance with the per <br /> capita method and one half in accordance with the point of origin <br /> method as herein defined after the county has deducted its cost <br /> of administering and collecting the tax, less refunds . The <br /> revenue may be used only for capital expenditures. All proceeds <br /> upon distribution shall be placed in a special Capital Reserve <br /> Fund for use by the county and the municipalities in the county <br /> electing to share the proceeds for any of the following capital <br /> expenditures for which it is authorized by law to appropriate <br /> funds. <br /> 1. road , including rights-of-way acquisition and <br /> construction of ancillary facilities; 2. open space <br /> and recreation; 3 . publicly assisted housing; 4 . <br /> public elementary and secondary school capital outlay, <br /> including retirement of indebtedness incurred by the <br /> county for this purpose; and 5. other public buildings. <br /> Any municipality in the county may, by Resolution, elect to <br /> receive its distributive share of the tax imposed herein by <br /> delivering the Resolution so electing to the Clerk to the Board <br /> of County Commissioners on or before June 30. All such elections <br /> shall be made annually. Any such election shall be for the tax <br /> collected for instruments recorded for the year beginning July 1 <br /> following the election. In the event one or _more municipalities <br />