Version a
Convention and visitor promotion fund
Note: This version of section effective until 12-31-2005. See also
following version of this section, effective 12-31-2005.
Sec. 7. (a) The county treasurer shall establish a convention and
visitor promotion fund.
(b) The county treasurer shall deposit the following in the
convention and visitor promotion fund:
(1) Before January 1, 2000:
(A) All of the money received under section 6 of this
chapter, if the rate set under section 6 of this chapter is not
greater than two percent (2%).
(B) The amount of money received under section 6 of this
chapter that is generated by a two percent (2%) rate, if the
rate set under section 6 of this chapter is at least two percent
(2%).
(2) After December 31, 1999, and before January 1, 2003, the
amount of money received under section 6 of this chapter that
is generated by a two percent (2%) rate.
(3) After December 31, 2002, the amount of money received
under section 6 of this chapter that is generated by a two and
one-half percent (2.5%) rate.
(c) Money in this fund shall be expended only as provided in this
chapter.
(d) The commission may transfer money in the convention and
visitor promotion fund to any Indiana nonprofit corporation for the
purpose of promotion and encouragement in the county of
conventions, trade shows, visitors, or special events. The commission
may transfer money under this section only after approving the
transfer. Transfers shall be made quarterly or less frequently under
this section.
As added by Acts 1976, P.L.22, SEC.1. Amended by P.L.49-1994,
SEC.8; P.L.208-1999, SEC.1; P.L.178-2002, SEC.75.
Last modified: May 28, 2006