The City Treasurer shall establish a convention center fund comprised of two accounts: one designated “General Account” and the other designated “Operating Account”. The Clerk shall deposit alt the revenue derived under this chapter to the convention center funds and apportion 75% to the “General Account” and 25% to the “Operating Account”. The revenue derived from the 1% special transient room tax, apportioned to the “Operating Account” shall only be used by the Convention Center authority to meet the operating expenses of the City Convention Center.
(Ord. 06-10-04, passed 5-8-2006)