Funds collected pursuant to the provisions of this subchapter shall be set aside and used exclusively for one or more of the following purposes:
(A) Encouraging, promoting, and fostering conventions, conferences, and tourism development in the town, including, without limitation, the development of utility facilities infrastructure, parks, and other public facilities and amenities for use in such encouragement and promotion;
(B) Promotion of cultural, recreational, commercial, industrial, educational, and economic events or developments for the town; and/or
(C) Solicitation and financial support of visitor attractions, events, tourism, conferences, conventions, and meetings in the town.
(Prior Code, Ch. 7, Art. 4, § 56)