Convention, tourism, and visitor promotion alternate revenue fund
Sec. 4.3. (a) The Lake County convention and visitor bureau shall
establish a convention, tourism, and visitor promotion alternate
revenue fund (referred to in this chapter as the "alternate revenue
fund"). The bureau may deposit in the alternate revenue fund all
money received by the bureau after June 30, 2005, that is not
required to be deposited in the promotion fund under section 2 of this
chapter, including appropriations, gifts, grants, membership dues,
and contributions from any public or private source.
(b) The bureau may, without appropriation by the county council,
expend money from the alternate revenue fund to promote and
encourage conventions, trade shows, visitors, special events, sporting
events, and exhibitions in the county. Money may be paid from the
alternate revenue fund by claim in the same manner as municipalities
may pay claims under IC 5-11-10-1.6.
(c) All money in the alternate revenue fund shall be deposited,
held, secured, invested, and paid in accordance with statutes relating
to the handling of public funds. The handling and expenditure of
money in the alternate revenue fund is subject to audit and
supervision by the state board of accounts.
(d) Money derived from the taxes imposed under IC 4-33-12 and
IC 4-33-13 may not be transferred to the alternate revenue fund.
As added by P.L.168-2005, SEC.4.
Last modified: May 28, 2006