§ 18-63. Collection.

(a)

General. Pursuant to any rules, policies or regulations promulgated by the county manager or his/her designee pursuant to this division, rental car companies shall collect the CFC from each customer at the time payment is first made under any rental agreement with the customer. Without demand from the county, each rental car company shall remit the full amount of the CFC payable from customers for the previous calendar month to the county on the 15 ^th day of each calendar month following the previous calendar month while operating under an automobile rental concession agreement.

(b)

Separate identification. CFCs shall be separately itemized on the face of any rental agreement and are due to the county from the rental car company, regardless of whether the rental car company collected any such sum from the customer. Rental car companies shall further clearly and conspicuously disclose the existence and amount of the CFC in: (i) any advertisements specific to business at the airport; and (ii) in any quote or estimate, regardless of form, provided to a potential customer.

(c)

Accounting. All CFCs collected by any rental car company pursuant to this division shall be held in trust for the beneficial interest of the county until such funds are remitted in accordance with this section. The rental car companies shall have no legal or equitable interest in the CFCs they collect and shall ensure that such CFCs are segregated from other amounts collected and separately accounted for as trust funds in any financial statements issued by the rental car companies.

(d)

Failure to collect or pay fees. If any rental car company fails to collect or timely remit the proper amount of CFCs as required by this division by the end of the tenth day following the final day upon which such remittance should have been timely submitted, the rental car company shall pay interest to the county at the rate of 18 percent per annum (1.5 percent per month; or, if less, the maximum rate of interest allowed by law) on such overdue amounts calculated from the date upon which such amounts should have been timely paid to the county. Interest payments received by the county as a result of any delinquencies shall be in addition to and not credited toward any current or future CFC payments.

(Ord. No. 2017-19, § I, 8-17-17)