A. Specified: The city may use the proceeds of the tax solely to defray the costs of:
1. Collecting and otherwise administering the tax; (Ord. C93-2, 2-23-1993)
2. 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, and acquiring improvements incidental thereto, and as otherwise allowed by state law;
3. Equipping and furnishing such facilities, as specified in this section of the city;
4. Acquiring a suitable site, grounds or other real property or any interest therein for such facilities of the city; (C93- 2, 2-23-1993; amd. 2006 Code)
5. The principal of and interest on any prior redemption premiums due in connection with and any other charges pertaining to revenue bonds authorized by New Mexico Statutes Annotated section 3-38-23 or 3-38-24; (C93-2, 2-23-1993)
6. Advertising, publicizing and promoting such facilities of the city and tourist facilities or attractions within the area; except that a municipality 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 principal and interest on outstanding bonds issued prior to July 1, 1977, pursuant to New Mexico Statutes Annotated section 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; (C93-2, 2-23-1993; amd. 2006 Code)
7. Any combination of the foregoing purposes or transactions stated in this section;
8. 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.
B. State Law Controls: The uses listed in subsection A of this section are those listed in New Mexico Statutes Annotated section 3-38-21, as last amended by chapter 2 of the 1989 laws of New Mexico. State law shall take precedence over city ordinance concerning use of lodgers' tax proceeds if the provisions differ. (Ord. C93-2, 2-23-1993)