B.__ As the 2nd priority, after compliance with paragraph A, the municipality may use any funds remaining in the segregated account for economic development purposes; to augment school budgets; to improve local roads, sewers and other infrastructure of the municipality; or for any other permissible spending or budgetary needs of the municipality.__Remaining funds may be committed to meet annual budgetary or long-term capital investment needs of the municipality.

7.__Effect on revenue sharing and other state-aid programs.__ Revenue received pursuant to subsection 4 may not be considered to be receipts from the taxes imposed under this Part for the purpose of transfers to the Local Government Fund under Title 30-A, section 5681.__Revenue received pursuant to subsection 4 may not be used to reduce or eliminate any funding otherwise due the county or municipality under any provision of law providing aid to the participating county or participating municipality, including, but not limited to, aid to schools, roads, public assistance or jails.

8.__Referendum.__The question of whether to impose a local option sales and use tax must be submitted to the legal voters of a municipality that seeks to impose the local option sales and use tax.

The petition process and the voting at elections held in cities, towns and plantations must be held and conducted in accordance with Title 30-A, sections 2528, 2529 and 2532 even if the municipality has not accepted the provisions of section 2528.__The voting at elections held in municipalities must be held and conducted in accordance with Title 21-A.