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Sec. 2M 03 Authorized uses of revenues. All 1 pursuant to this article.shall be used for the -following purposes' only: (1) .To acquire; construct, extend, enlarge, remodel, repair, improve, maintain, operate or promote. one or more, publicly owned an operated convention center, sport—tadum, sports arena, coliseum or auditorium within the boundaries of the county or. subcounty special 'taxing district. However, these purposes may be implemented through services contracts and leases with persons who maintain an operated adequate existing facilities; (2) To promote and advertise .tourism in the State of Florida and nationally and internationally; (3) To fund convention bureaus, tourist bureau, tourist information centers and -news Bureaus as county agencies or by contract with the chambers of commerce or similar associations in the county; (4) To finance beach improvement, maintenance, renourishment restoration and erosion control, including_ shoreline protection enhancement, cleanup, restoration of inland lakes and rivers to which there is (5) Until such time as Indian River County reaches a population of five. hundred thousand (500,000) based on the .most recent population estimates prepared pursuant to the provisions of Section 186.901, Florida Statutes, as in effect on July 1st of each year, tax revenues received pursuant -to -this article may also be used to acquire, construct, extend, enlarge; remodel, improve, maintain, operate, or promoteoe or more museums, zoological parks, fishing piers or nature centers which.are publicly owned and operated or owned by not -for --profit organizations are open to the. public. (lz) The revenues to. be 'derived from the tourist . development tax may be. pledged to secure and liquidate revenues bonds issued by the county for the purposes set forth in section (a)(1) or up to fifty (50) per cent of the revenues to be derived from the tourist development tax may be pledged to secure and liquidate revenue bonds issued by the county for the purposes set forth in section(a)4. SECTION 4. SEVERABILITY. If any section, or if any sentence, paragraph, phrase, or word of this ordinance is for any reason held to be unconstitutional, inoperative, or void, such holding shall not affect the remaining portions of this ordinance and it shall be construed to have been the legislative intent to pass the ordinance without such unconstitutional, invalid or inoperative part. SECTION 5. EFFECTIVE DATE This' ordinance shall; becomeeffective on becoming lain. Approved --and adoptedby--ti}e Board of Gount COu isssioners of. Indian River Ceunt;'Floriiia, on. this— day of. July ,.1992. 5 SmeadSoft Reprint Date: Friday, September 27, 2013 - 10:59:13 - OfficialDocuments:581, Attachment Id 1, Page 5