The city may use the proceeds of the tax to defray the costs of:
A. Collecting and otherwise administering the tax.
B. Establishing and operating, constructing, purchasing, otherwise acquiring, reconstructing, extending, bettering or otherwise improving fairgrounds, exposition buildings, field houses, auditoriums, welcome centers, tourist information centers, museums, performing arts facilities, in operation prior to January 1, 1989, convention halls or other convention facilities of the city, of the county within which the city is located or of the county and acquiring improvements incidental thereto.
C. Equipping and furnishing such facilities, as specified in this section, of the city or county.
D. Acquiring a suitable site, grounds or other real property or any interest therein for such facilities of the city or county.
E. The principal of and interest on prior redemption premiums due in connection with any other charges pertaining to revenue bonds authorized by New Mexico Statutes Annotated section 3-38-23 or section 3-38-24.
F. Advertising, publicizing and promoting such facilities of the city or county and tourist located in a class A county or a class A county imposing an occupancy tax of more than two percent (2%) shall use not less than one-half (1/2) of the proceeds derived from the tax for the purposes of this subsection; provided, that this use of the proceeds of the occupancy tax shall not affect the payment of 1977 pursuant to New Mexico Statutes Annotated sections 3-38-23 or 3-38-24 which shall be made in accordance with the retirement schedules of the bonds established at the time of issuance. The amount of expenditures required by this subsection shall be reduced each year, if necessary, to make required payments of principal and interest of all outstanding bonds issued prior to July 1, 1977.
G. Any combination of the foregoing purposes or transactions stated in this section.
H. Provision of public transportation within a three (3) mile area of a ski lift facility; provided, such ski lift facility originates inside the boundaries or within three hundred feet (300') of the boundaries of the city. (Ord. 851, 6-8-1992)