(A) There is hereby created and established a Tourism-Related Economic Development Fund within the economic development budget of the town.
(B) The hotel/motel tax monies received by the town shall be deposited into the Tourism-Related Economic Development Fund.
(C) The hotel/motel tax monies received by the town and deposited into the Tourism-Related Economic Development Fund shall be used for any purpose which increases the impact of visitors’ dollars to the residents of the town, including, but not limited to, improved signage, historic attraction development, festival promotion, park and recreation investment, and the like.
(Ord. 580, passed 6-1-93)