(3) The balance to be retained by the land trust to pay the salaries and other expenses
of such land trust and of its employees, incident to the administration of sections 141.210 to 141.810, including any expenditures authorized by section 141.760, as provided for in its annual budget;
(4) Any funds in excess of those necessary to meet the expenses of the annual budget
of the land trust in any fiscal year, and including a reasonable sum to carry over
into the next fiscal year to assure that sufficient funds will be available to meet
initial expenses for that next fiscal year, shall be paid to the respective taxing
authorities which, at the time of the distribution, are taxing the real property from
which the proceeds are being distributed. The distributions shall be in proportion to the amounts of the taxes levied on the
properties by the taxing authorities; distribution shall be made on January first
and July first of each year, and at such other times as the land trustees in their
discretion may determine.
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