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The amounts collected by the Village pursuant to this subchapter shall be expended by the village solely to promote tourism, conventions, special events, and economic development within the
village or otherwise to attract non-resident overnight visitors to the village. However, no funds received pursuant to this subchapter shall be used to advertise for or otherwise promote new competition in the hotel and motel business.
('79 Code, § 1002(24)) (Ord. 1985-O-19, passed 10-1-85)