§ 1.1005. Use of Revenues
(a)
The revenue derived from this municipal hotel occupancy tax shall be used to promote tourism and the convention and hotel industry as provided by the Texas Tax Code, Chapter 351 "Municipal Hotel Occupancy Taxes," as now enacted or as hereafter may be amended, in accordance with resolution of the city council.
(b)
The city council may, by contract, delegate to a person, including another governmental entity or a private organization, the management or supervision of programs and activities funded with revenue from the tax authorized by this article.
(c)
The city council shall approve in writing in advance the annual budget of the person, governmental entity or private organization to which it delegates those functions and shall require the person, governmental entity or private organization to make periodic reports to the city council, at least quarterly, listing the expenditures made by the person, governmental body or private organization with revenue from the tax provided by the city as authorized by law.
(d)
The person, governmental entity or private organization must maintain revenue provided by the city from the tax in a separate account established for that purpose and may not commingle that revenue with any other money or maintain it in any other account.
(e)
The approval by the city council of the annual budget of that person, governmental entity or private organization to whom it delegates those functions creates a fiduciary duty in that person, governmental entity or private organization with respect to the revenue provided by the city from the tax.
(f)
This section shall become effective on the date of its adoption, and shall apply to taxes due and received from and after April 1, 2015.
(Ord. No. 2015-02, Sec. 1, adopted 2-3-15)