On and after June 30, 1978, an additional tax to that tax imposed by Section 3.28.030 of this chapter is levied in the amount of an additional three percent of the rent charged by the operator. Such additional tax shall in all respects be subject to the provisions of this chapter to the extent and in the same manner as the tax levied by Section 3.28.030 of this chapter, except that any other provision of this chapter to the contrary notwithstanding the following amounts shall be used for the following purposes:
A. For the purpose of funding the Sacramento Convention and Visitors Bureau:
1. For the fiscal year 1980-81, three hundred fifty thousand dollars ($350,000.00);
2. For each fiscal year thereafter, an amount equal to the previous year's allocation plus an amount equal to the annual increase in the consumer price index or ten (10) percent, whichever is less. As used herein, consumer price index means the U.S. Department of Labor, Bureau of Labor Statistics' Consumer Price Index (all urban) for the San Francisco-Oakland area (or the Sacramento area if the index is established for the Sacramento area).
B. For the fiscal year 1980-81, thirty thousand dollars ($30,000.00) in tax receipts shall be used for the purpose of funding the Sacramento Area Commerce and Trade Organization. Such money shall be used only to fund the performance of functions and activities substantially similar to any of those functions and activities which could be performed by the Sacramento Convention and Visitor Bureau. (Prior code § 41.04.023-1)