(a) The revenue derived from the two percent tax imposed under this article must be deposited in the 2% HOT Account within the Venue Projects Fund established by Resolution No.22-1817. Money in this account may be used only for the following purposes:
(1) to reimburse the city for prior expenditures made in connection with, or to pay the costs of, planning, acquiring, establishing, developing, constructing, or renovating the approved venue projects to the extent not prohibited by any ordinance or indenture authorizing bonds or other obligations payable from and secured by a pledge of the two percent tax imposed under this article;
(2) to pay the principal of, interest on, and other costs relating to bonds or other obligations issued by the city, or to refund bonds or other obligations, that were issued for the purpose of providing the approved venue projects; and
(3) such other uses as permitted by applicable law.
(b) For purposes of Subsection (a)(1) of this section, "costs" include, but are not limited to, overhead, legal, and accounting expenses of the city. (Ord. Nos. 23555; 32363)