A portion of the money collected from the imposition of any such transient room tax, as determined by the Board of Commissioners and Fiscal Court, upon the advice and consent of the Bureau, may be used to finance the cost of acquisition, construction, operation and maintenance of facilities useful in the attraction and promotion of tourists and convention business and shall include athletic stadiums. The balance of the money collected from the imposition of any such transient room tax shall be used for the purpose of promoting convention and tourist activity within the City and County as set out in KRS 91A.350. Proceeds from any such transient room tax may not be used to provide a subsidy in any form to any hotel, motel or restaurant. Money not expended by the Bureau during any fiscal year shall be used to make up a part of the Bureau’s budget for its next fiscal year.
(Ord. BG2013-40, 12/3/2013)