(a) All hotel excise tax money imposed, levied, and collectible under the provisions of this chapter is hereby declared to be in the constructive possession of and is the property of the City at the time of furnishing a transient guest accommodations by a vendor.
(b) The vendor, or any other individual or business entity, shall not, in any manner, convert, disburse, use or hold out hotel excise tax money as the vendor's assets.
(c) The intent of this section is to insure against the misuse of public tax moneys, for any private purpose whatsoever and to prevent fraud upon the City.
(Ord. 10-64. Passed 12-28-10.)