1978-23 - Laserfiche WebLink

Home Browse Search

'j. - (f) Collections received by the said Department of Revenue from the tax, less costs of administration of this Ordinance shall be paid and returned, on a monthly basis, to Indian River County for use by the County in accordance with the provisions of this Ordinance and shall be placed in the County Tourist Development Trust Fund. (g) The said Department of Revenue, under the applicable rules of the Career Service Commission, is authorized to employ persons and incur other expenses as appropriated by the Legislature of the State of Florida to administer this Ordinance. (h) The said Department of Revenue may promulgate such rules and may prescribe and publish such forms as may be necessary to effectuate the purposes of this Ordinance. • SECTION 2: The anticipated revenue of $216,000.00 per year, less costs of administration as retained by the Department of Revenue, which the tourist development tax hereby levied should produce over each of the next two years shall be utilized to promote the Indian River County tourist industry. Any surplus revenue over and above $216,000.00 shall be allocated to Item (a) Capital Improvement Fund, and disbursed to each capital improvement within Item (a) in the same proportions as the total budget of Item (a) is divided between the sub- catagories. The tax revenues received pursuant to this Ordinance shall be used to fund the Indian River County tourist develop- ment plan, as established in order of priority Items (a) through (g) which is hereby adopted as follows: (a) Capital Improvement Funds --64.35% of all revenues received by the tax hereby levied, as deposited in the Indian River County Tourist Development Trust Fund, shall be distributed for Capital Improvements at Wabasso Beach Park, South Beach Park, the Civic Arts Center, and property in the North County. Funds shall be distributed in a manner consistent with authorized use of revenues as outlined in Chapter 77-209, Laws of Florida. -3-