From the revenues derived from the tax imposed by this article, the City Council shall appropriate such revenues in the following manner and for the following purposes:
(a) At least fifty per cent (50%) of the net revenue received by the City shall be appropriated to the Greenbrier County Convention and Visitor's Bureau for the promotion of conventions and tourism.
(b) The remaining portion of the net revenues received by the City shall be appropriated for one or more of the following purposes:
(1) The planning, construction, reconstruction, establishment, acquisition, improvement, renovation, extension, enlargement, equipment, maintenance, repair and operation of publicly owned convention facilities including, but not limited to, arenas, auditoriums, civic centers and convention centers;
(2) The payment of principal or interest or both on revenue bonds issued to finance such convention facilities;
(3) The promotion of conventions;
(4) The construction or maintenance of public parks, tourist information centers and recreation facilities (including land acquisition); or
(5) The promotion of the arts.
(6) Historic sites;
(7) Beautification projects.
(Ord. 195. Passed 4-15-08.)