The funds collected from this tax shall be maintained by the City Treasurer in a special fund and disbursed to the Tourist Commission as specifically requested by the Commission and approved by the City Manager as a proper expenditure for recreation, convention or tourist activities and shall not be used as a subsidiary in any form to any private hotel, motel, restaurant or business. Any moneys not expended during any fiscal year will be used to make up a part of the city’s budget for the next fiscal year (i.e., specifically designated as monies for the City Tourism and Convention Commission).
(1977 Code, § 20-301) (Ord. 94-18, passed 9-9-1995)