Basketball hall of fame; operation and maintenance fund; use of
food and beverage tax to finance
Sec. 14. Notwithstanding any other law, funds accumulated from
the collection of the food and beverage tax imposed under section 3
of this chapter after redemption of the bonds issued under this
chapter and accrued before July 1, 1994, may be set aside in an
operation and maintenance fund for a basketball hall of fame
financed under section 9 of this chapter. Money in the fund may be
used by a nonprofit corporation that has leased the basketball hall of
fame facility for the operation, repair, maintenance, or improvement
of the basketball hall of fame.
As added by P.L.50-1994, SEC.10.
Last modified: May 28, 2006