Convention, visitor, and tourism promotion fund
Sec. 4. (a) The county treasurer shall establish a convention,
visitor, and tourism promotion fund. The treasurer shall deposit in
this fund all amounts the treasurer receives under section 3 of this
chapter.
(b) The county auditor shall issue a warrant directing the county
treasurer to transfer money from the convention, visitor, and tourism
promotion fund to the treasurer of the commission established under
section 5 of this chapter if the commission submits a written request
for the transfer.
(c) Money in a convention, visitor, and tourism promotion fund,
or money transferred from such a fund under subsection (b), may be
expended:
(1) to promote and encourage conventions, visitors, and tourism
within the county; and
(2) to promote and encourage industrial and economic
development within the county. However, the county may not
expend more than twenty-five percent (25%) of the revenues
from the tax imposed under section 3 of this chapter to promote
and encourage industrial and economic development.
Expenditures under subdivision (1) may include, but are not limited
to, expenditures for advertising, promotional activities, trade shows,
special events, and recreation.
(d) If before July 1, 1997, the county issued a bond with a pledge
of revenues from the tax imposed under IC 6-9-18-3, the county shall
continue to expend money from the fund for that purpose until the
bond is paid.
As added by P.L.3-1999, SEC.1. Amended by P.L.14-2000, SEC.23.
Last modified: May 28, 2006