Convention center operating fund
Sec. 7.7. (a) The county treasurer shall establish a convention
center operating fund.
(b) Before January 1, 2010, the county treasurer shall deposit in
the convention center operating fund the amount of money received
under section 6 of this chapter that is generated by a two percent
(2%) rate. Money in the fund must be expended for the operating
expenses of a convention center.
(c) After December 31, 2009, the county treasurer shall deposit in
the convention center operating fund the amount of money received
under section 6 of this chapter that is generated by a one percent
(1%) rate. Money in the fund must be expended for the operating
expenses of a convention center with the unused balance transferred
on January 1 of each year to the tourism capital improvement fund.
As added by P.L.208-1999, SEC.3. Amended by P.L.168-2005,
SEC.10.
Last modified: May 28, 2006