(A) The amounts collected by the city pursuant to this tax shall be expended by the city to promote tourism, special events and conventions (including use and promotion of the Oakley-Lindsay Convention Center) and otherwise to attract nonresident and overnight visitors to the municipality. The tax shall be remitted to the Quincy Metropolitan Exposition Auditorium and Office Building Authority (herein “Authority”) upon and subject to the condition that the authority expend not more than one-fourth of the tax receipts for the promotion, of municipal tourism and special events, and the balance thereof (three-fourths) for the promotion, maintenance and operation of the Oakley-Lindsay Convention Center.
(B) No funds received pursuant to this subchapter shall be used to advertise for or otherwise promote new competition in the hotel business.
(1980 Code, § 17.209) (Ord. 9393, passed 12-9-2019) Penalty, see § 45.999