HomeMy WebLinkAboutCode Change 3.20.0603.20.060 Proceeds to be credited to a special fund - Limitation on use - Investment.
All taxes levied and collected under this chapter shall be credited to a special fund in the treasury of
the county. Such taxes shall be levied only for the purpose of paying all or any part of the cost of
tourism promotion, acquisition of tourism-related facilities, or operation of a tourism-related facilities
as that term is defined in RCW 67.28.080(7). Lodging tax revenues may be used, directly by any
municipality or indirectly through a convention and visitors bureau or destination marketing
organization for:
(a) Tourism marketing;
(b) The marketing and operations of special events and festivals designed to attract tourists;
(c) Supporting the operations and capital expenditures of tourism-related facilities owned or
operated by a municipality or a public facilities district created under chapters 35.57 and 36.100
RCW; or
(d) Supporting the operations of tourism-related facilities owned or operated by nonprofit
organizations described under 26 U.S.C. Sec. 501 (c)(3) and 26 U.S.C. Sec. 501(c)(6) of the internal
revenue code of 1986 as amended.
, construction or operating a stadium facilities, convention center facilities, performing arts center
facilities and/or visual art center facilities or to pay or secure the payment of all or any portion of
general obligation bonds or revenue bonds issued for such purpose or purposes under
Chapter 67.28 RCW, or to pay for advertising, publicizing or otherwise distributing information for
the purpose of attracting visitors and encouraging tourist expansion within the county, and
Uuntil withdrawn for use, the moneys accumulated in such fund or funds may be invested in interest-
bearing securities by the county Treasurer in any manner authorized by law. (Ord. 2009-10, 2009;
Ord. 99-04, 1999; Res. 82-4, 1982; Ord. 78-2, 1978).