(a) Application of Proceeds. The net proceeds of the tax collected and remitted to the taxing authority pursuant to this article shall be deposited into the general revenue fund of the City, and after appropriation thereof shall be expended only as provided in subsections (b) and (c) hereof. (Ord. 86-12. Passed 5-15-86.)
(b) Required Expenditures. At least fifty percent (50%) of the net revenue receivable during the fiscal year by the taxing authority pursuant to this article shall be transmitted to the Clarksburg Visitors' Bureau, Inc. provided that such entity has represented to the City Manager that it has a full-time employee or employees working exclusively to promote tourism and to attract conventions, conferences, and visitors to the City of Clarksburg. Such transmittal shall begin with all funds received, including any past due funds, by the City after the Clarksburg Visitors' Bureau, Inc. notifies the City Manager of its compliance with the requirements herein. If any funds are collected prior to the delivery of the notice, then at least fifty percent (50%) of the net revenue of such funds shall be transmitted to the Clarksburg Convention and Visitors Bureau. All funds transmitted pursuant to this section are for the promotion of conventions and tourism and may be expended for the payment of administrative expenses and for the direct or indirect promotion of conventions and tourism.
(Ord. 20-34. Passed 11-19-20.)
(c) Permissible Expenditures. After making the appropriation required by subsection (b) hereof, the remaining portion of the net revenues receivable during the fiscal year by the taxing authority, pursuant to this article, may be expended for one or more of the purposes set forth in this subsection, but for no other purpose. The purposes for which expenditures may be made pursuant to this subsection are as follows:
(1) The planning, construction, reconstruction, establishment, acquisition, improvement, renovation, extension, enlargement, equipment, maintenance, repair and operation of publicly owned facilities including, but not limited to arenas, auditoriums, civic centers and convention centers;
(2) The payment of principal or interest or both on revenue bonds issued to finance such convention facilities;
(3) The promotion of conventions;
(4) The construction or maintenance of public parks, tourist information centers and recreation facilities, including land acquisition; or
(5) The promotion of the arts.
(d) Definitions. For purposes of this section, the following terms are defined:
(1) "Convention and visitors bureau" and "visitors and convention bureau" are interchangeable, and mean the Clarksburg Convention and Visitors Bureau. It shall be a nonstock, nonprofit corporation with a full-time staff working exclusively to promote tourism and to attract conventions, conferences, and visitors to the City.
(2) "Convention center" means a convention facility owned by the State, City, Harrison County or other public entity or instrumentality and includes all facilities, including armories, commercial, office, community service and parking facilities, and publicly owned facilities constructed or used for the accommodation and entertainment of tourists and visitors, constructed in conjunction with the convention center and forming reasonable appurtenances thereto.
(3) "Fiscal year" means the year beginning July 1 and ending June 30 of the next calendar year.
(4) "Net proceeds" means the gross amount of tax collection less the amount of tax lawfully refunded.
(5) "Promotion of the arts" means activity to promote public appreciation and interest in one or more of the arts. It includes the promotion of music for all types, the dramatic arts, dancing, painting and the creative arts through shows, exhibits, festivals, concerts, musicals and plays.
(6) "Recreational facilities" means any public park, parkway, playground, public recreation center, athletic field, sports arena, stadium, skating rink or arena, golf course, tennis court and other park and recreation facilities, whether of a like or different nature, that are owned by the City. (Ord. 86- 12. Passed 5-15-86.)