§ 13-49. Creation of advertising, promotion fund.

(a)

There is hereby created a fund to be known as the Pine Bluff advertising and promotion fund. All taxes, interest, penalties and costs collected pursuant to section 13-47(a) shall be credited to said fund. All revenues received by the advertising and promotion commission shall be "special revenues, and shall be deposited by the advertising and promotion commission in such bank account or accounts as may be designated by said commission.

(b)

All monies credited to the fund shall be used by the commission for advertising and promoting the city and its environs or for the construction, reconstruction, extension, equipment, improvement, maintenance, repair, and operation of a convention center or for the operation of tourist promotion facilities in the city, and facilities necessary for, supporting, or otherwise pertaining to, a convention center, for funding of the arts, for the operation of theme parks, family entertainment facilities, or other tourist-oriented facilities as determined by the advertising and promotion commission not inconsistent with Arkansas enabling statutes. Such funds shall not be used for general capital improvements within the city; for the costs associated with the general operation of the city; or for general subsidy of any civic groups or the chamber of commerce. However, said advertising and promotion commission may contract with such groups to provide to the commission actual services that are connected with tourism events or conventions. The authorization and limitations contained herein shall be reasonably construed so as to provide funds for promoting and encouraging tourism and conventions while not allowing such special revenues to be utilized for expenditures that are normally paid from general revenues of the city.

(Code 1967, § 2-210; Ord. No. 5550, § 1, 7-19-93)

State law reference

Use of funds collected, A.C.A. § 26-75-603 et seq.