A. The amounts collected by the Village from the tax levied by this chapter will be expended by the Village solely to promote tourism and conventions within the Village or otherwise to attract nonresident overnight visitors to the Village.
B. Two-thirds (2/3) of the amounts collected from the tax levied pursuant to this chapter will be dedicated to promote tourism and conventions or overnight stays within the Village by providing funds to the Village's beautification initiative in the Hotel and Tourism District, including, without limitation, the installation and maintenance of improvements in the Hotel and Tourism District such as landscape and hardscape features. One-third (1/3) of the amounts collected from the tax levied pursuant to this chapter will be dedicated for general purposes to promote tourism and conventions within the Village or otherwise to attract nonresident overnight visitors to the Village, regardless of whether the project is located within the Hotel and Tourism District. (Ord. G-1131, 7-10-2018)