Austin |
Code of Ordinances |
Title 11. TAXATION. |
Chapter 11-2. HOTEL OCCUPANCY TAX. |
Article 2. VENUE PROJECTS. |
§ 11-2-14. VENUE PROJECT FUND.
(A)
The department shall establish and maintain a separate Venue Project Fund. The department shall maintain records to account for the receipt and disbursement of:
(1)
proceeds of the taxes collected under this article;
(2)
revenue from the sale of bonds or other obligations related to the Convention Center/Waller Creek Venue Project; and
(3)
other money required by law to be deposited in the Venue Project Fund.
(B)
The money in the Venue Project Fund shall be maintained in a depository bank of the City.
Source: 1992 Code Section 5-3-15; Ord. 031204-10; Ord. 031211-11.