Convention, visitor, and tourism promotion fund; uses
Sec. 4. (a) The county treasurer shall establish a convention,
visitor, and tourism promotion fund. The treasurer shall deposit in
this fund all amounts the treasurer receives under this chapter.
(b) The county auditor shall issue a warrant directing the county
treasurer to transfer money from the convention, visitor, and tourism
promotion fund to the treasurer of the commission established under
section 5 of this chapter if the commission submits a written request
for the transfer.
(c) Subject to subsection (e), money in a convention, visitor, and
tourism promotion fund, or money transferred from such a fund
under subsection (b), may be expended:
(1) to promote and encourage conventions, visitors, and tourism
within the county; and
(2) for the development of a county park, a county fairground,
or a county promotion.
Expenditures under subdivision (1) may include, but are not limited
to, expenditures for advertising, promotional activities, trade shows,
special events, and recreation.
(d) If before July 1, 1997, the county issued a bond with a pledge
of revenues from the tax imposed under IC 6-9-18-3, the county shall
continue to expend money from the fund for that purpose until the
bond is paid.
(e) Tax revenues attributable to a tax rate that exceeds five
percent (5%) must be divided equally between the expenditures
authorized under subsection (c)(1) and (c)(2).
As added by P.L.214-2005, SEC.46.
Last modified: May 28, 2006