Convention and tourism fund; account for revenues from
additional tax rate
Sec. 7. (a) The county treasurer shall establish a convention and
tourism fund and shall deposit in the fund all money the county
treasurer receives under section 6 of this chapter.
(b) The county treasurer shall establish an account of the fund into
which the treasurer shall deposit all tax revenues received from the
imposition of the additional tax rate under section 6(g) of this
chapter. Money in the account shall be expended to pay:
(1) debt service on bonds issued by the county to finance
facilities described in section 5(b)(6) of this chapter; or
(2) interest on obligations entered into by a person with whom
the board has entered into a contract to assist in financing
facilities described in section 5(b)(6) of this chapter.
(c) Money in the fund shall be expended by the board to develop
and promote the convention and tourism industry.
As added by Acts 1980, P.L.64, SEC.1. Amended by P.L.224-2003,
SEC.251.
Last modified: May 28, 2006