A. This tax is levied exclusively for the purpose of financing a committee of the town of Shattuck, for the purpose of the tourism development of the town, and the term of this tax shall be directly and totally dependent upon the existence of said committee. If for any reason the agreements from which the committee derives its existence are nullified or revoked, or for any reason are held to be no longer the governing principles of the committee, the collection and/or disbursement of the revenues from this tax shall cease immediately, provided the town shall honor all their existing and lawful commitments of said committee.
B. The revenues of the tax created by this chapter are for the sole and singular source of funding for the committee created herein. If for any reason or act of any party or parties, the funding of the committee shall be either partially or totally reduced, whether it be a temporary or permanent state, all parties charged with responsibilities relating to the administration of the committee shall be discharged from any and all responsibilities whether they be creations of ordinance or contract. (Ord. 415, 4-8-2013)