(A) An interest-bearing, segregated and restricted fund, known as the Beach Preservation Fund is established.
(B) All revenues received from the municipal accommodations fee shall be deposited into this fund. All principal and accrued interest in this fund shall be expended only as permitted by this chapter.
(Ord. 2-98, passed 2-3-98; Am. Ord. 18-14, passed 9-9-14)