Section 6-9-41-14 - County food and beverage tax receipts fund; requirement to develop a written plan for use of funds; requirement to spend money in the fund in accordance with written plan(a) The county's share of county food and beverage tax revenue deposited in the county food and beverage tax receipts fund may be used only to finance, refinance, construct, operate, or maintain a convention center, a conference center, or related tourism or economic development projects.(b) The county must develop a written plan before December 1 of each year that includes the: (1) proposed use of funds under subsection (a) for the upcoming calendar year;(2) detailed use of funds under subsection (a) in the current and prior calendar years; and(3) fund balance as of January 1 of the current calendar year. The written plan described in this subsection must be submitted to the state board of accounts and be made available on the department's computer gateway within thirty (30) days of submission.
(c) The county must spend the money in the county food and beverage tax receipts fund in accordance with the written plan required by subsection (b). If no funds have been expended from the county food and beverage tax receipts fund in accordance with the written plan required by subsection (b) before July 1, 2025, then section 15.5 of this chapter applies.Amended by P.L. 236-2023,SEC. 105, eff. 7/1/2023.As added by P.L. 176-2009, SEC.21.