Loading...
725.08 DISPOSITIONS OF PROCEEDS OF TAX.
   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.)
725.09 JUSTIFICATION OF EXISTENCE.
   (a)   The Greenbrier County Visitors and Convention Bureau, Inc., a nonprofit corporation established to effect the purposes of this article shall continue in existence.
   (b)   Determination by the Council as to justification of the Corporation's continued existence shall be based upon the Corporation's:
      (1)   Adherence to and satisfaction of the purposes and objective of the Corporation as Stated in Article IV of the Corporation's Articles in Incorporation; and
      (2)   Effective use and collection of and accounting for all funds related to the operation and existence of the Corporation.
   (c)   If the Council determines that the Corporation's continued existence is not justified, it shall withdraw from its participation in the corporation and form its own municipal corporation and collect hotel taxes for its operation.
(Ord. 171. Passed 12-20-05.)
725.10 DEFINITIONS.
   Unless the context hereof requires otherwise, all terms used herein shall have the same meanings as set forth in Chapter 7, Article 18 of the West Virginia Code of 1931, as last amended.