Section 26-77 Tourism fund established.
Prior to the adoption of Ord. 21417 on 09/04/2012, Section 26-77 read as follows.
There is hereby established a convention and tourism fund. All taxes levied and collected
pursuant to this article shall be deposited to the credit of such fund as hereinafter provided.
Seventy-five (75) percent of the taxes collected under this article shall be placed in a separate
account to be used and expended by the city only for promoting conventions
in the city. Twenty-five (25) percent of the taxes collected under this
article shall be placed in a separate account to be used and expended by the city only for
planning, promoting, operating and constructing tourist attractions and planning and promoting
tourist events which have substantial potential to generate overnight visitation.
(Code 1964, § 11.1400(A); Ord. 16278, § 1, 12-6-99)