A. All revenue derived from the one percent (1%) tax on gross receipts of the rental of lodging in the city of Yerington set forth in subsection 3-11-3B of this chapter, for the promotion of tourism, shall be divided, distributed and used as follows:
1. Three-eighths (3/8) of all proceeds shall be remitted to the state department of taxation for deposit in the fund for promotion of tourism.
2. Five-eighths (5/8) of all proceeds shall be deposited with the Lyon County room tax board to be used to advertise the county's tourist attractions to tourism as found in Lyon County code 4.02, transient lodging tax.
B. On all revenue derived from the remaining ten percent (10%) tax on gross receipts of the rental of lodging, the Yerington city council shall use the revenue for any and all lawful governmental purposes pursuant to the powers and authority given the said city council by the Nevada Revised Statutes, and the said city council are specifically authorized and empowered to use and expend said revenue to promote tourism, plan, construct, finance, maintain, operate, repair, equip, furnish, improve and manage recreational facilities. (Ord. 11-04, 4-11-2011; amd. Ord. 2023-04, 11-13-2023)