Copyrighted by the City of Springdale & Municipal Code Corporation, 1998.

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Sec. 2-137. Collection and use of funds.

The tax so levied pursuant to this chapter shall be paid by the persons, firms, and corporations liable therefore and shall be collected by the city in the same manner and at the same time as the Arkansas Gross Receipts Act, Sec. 26-52-101, et seq., and said funds collected pursuant to this tax shall be credited to the city advertising and promotion fund which is hereby created herein and shall be used for all lawful purposes as set out under state law, including advertising and promoting the city and its environs or for construction, reconstruction, extension, equipment, improvement, maintenance, repair, and operation of a convention center or for the operation of tourist promotion facilities within the city and facilities necessary for, supporting or otherwise pertaining to a convention center, or for the payment of the principal of, interest on, any fees and expenses in connection with, bonds as provided in state law under this subchapter in the manner as shall be determined by the city advertising and promotion commission. These funds may also be used, spent, or pledged by the commission for any other purposes authorized under state law, as amended, and may also be used for the construction, reconstruction, repair, maintenance, improvement, equipping and operation of public recreation facilities in said city and for the payment of the principal of, interest on, any fees and expenses in connection with bonds as provided by A.C.A. [§] 26-75-606 in the manner as shall be determined by the city advertising and promotion commission for this purpose. As provided under state law, such taxes collected herein shall not be used:

(1) For general capitol improvements within the city;

(2) For the costs associated with the general operation of the city;

(3) For general subsidy of any civic groups or the chamber of commerce;

However, the advertising and promotion commission may contract with such groups to provide to the commission actual services that are connected with tourism events or conventions.

(Ord. No. 2048, § 2, 10-8-91)

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