Transient occupancy tax revenues received pursuant to the Annexation Agreement between the County of Northampton and the Town of Cape Charles shall be included in the county's general fund. All other revenues received pursuant to this subchapter shall be divided according to the following formula:
(A) 40% of the funds collected shall be allocated to the county's general fund;
(B) Up to 45% of the funds collected shall be allocated as the annual contribution to the Eastern Shore Tourism Commission from the Northampton County Board of Supervisors; and
(C) The balance of the funds collected shall be allocated as the county’s allocation towards a Tourism Infrastructure Grant Program as established by the Board.
(Ord. passed 6-19-2007; Am. Ord. passed 8-13- 2007; Am. Ord. passed 1-10-2012; Am. Ord. passed 7-9-2019)