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'AGAINST repeal of the additional one-half percent (1/2%} local sales and use taxes.' "9 ]95-~35. Retail collection bracket,--The following b~acket applies to collections by retailers in a ~oanty that levies additional sales ~md use taxes under this Article: (1) No amount on sales of less than 10~; (2) 1~ on sales of 10~ to (3) 2~ o~ sales of 26¢ to 3~ on Sgle~ .Pr .53.~-~°- _75~; (5) ~. on sales of 76~ to 95~; (6) 5~ on sales of 96~ %o $1.22; and (7) Sales of over $1.22 - straight four and one-half percent (~-1/2~) with major fractions governing. "§ 105-~86. Distribution and ~s~e of additional taxes.--The Secretar~ shall, on a quarterly basis, distribute the net proceeds of the additional one-half percent (I/2~) sales and use taxes levied under this Article to the taxing counties on a per capita basis aCcording to the most ~ecent annual pop,la, ion estimates certified to the Secretary h~ the State Budget Officer. The amount distributed to a taxing county shall then be divided among the county ann its municipalities in accordance ~ith the method by w~ich the o~e percent (~} sales and use taxes lewied in that county pursuant to Article 39 of this Chapter or Chapter 1096 of the 1967 Session Laws are distributed. If amy taxes le.vied under this Article by a county have not been collected in · that county for a full quarter because of the levy or repeal of the taxes, the Secretary shall distribute a pro rata share to that county for that quarter based on the number of months the taxes were collected in that county during the quarter. "§ 105-~87. Use of additional ' tax revenue b_/ counties and- aunicipalities,--(a) Except as provided in subsection (c), forty percent (g0%) of the revenue received by a county from additional one-half percent (1/25} sales and use taxes levied ~nder this Article during the first five fiscal years in which the additioual taxes are in effect in the county and thirt~ percent (30~) of the revenue received by a county from these taxes in the second five fiscal years in which the taxes are in effect in the county may be used by fhe county unl¥ for public school capital outlay purposes or to retire any indebtedness incurred by the county for these purposes. (b) Except as provided in subsection (c), fort~ percent of the revenue received by a municipality from additional one- half perc~ent (1/2%) sales and use taxes levied under this Article during the first five fiscal years in which the additional taxes are ia effect in the municipality and thirty percent (30%) of the ~evenue received b~ a municipality from these taxes in the second five fiscal years in which the taxes are in effect in the municipalit~ may be used by the mun~icipality only for water and sewage capital outlay purposes or to retire any indebteduess incurred by the municipality for these purposes. (c) The Local Sovernment Commission may, upon petitiou by county or muaicipality~ authorize a county or municipality to use part or ail its tax revenue, otherwise required by subsection o~ (b) to be used for public schools or ~ater and sewage ca~ital needs, for auy lawful purpose. The petition shall be in the form 2 ~{ouse Bill ~26