41-2306

41-2306. Tourism fund

(Caution: 1998 Prop. 105 applies)

A. The tourism fund is established consisting of separate accounts derived from:

1. Revenues deposited pursuant to section 42-5029. All monies in this account are
continuously appropriated to the office of tourism for the purposes of operations and
statewide tourism promotion.

2. Revenues deposited pursuant to section 5-835, subsection B or C. All monies in
this account are continuously appropriated to the office of tourism, which, in
consultation with a consortium of destination marketing organizations in the county in
which the tourism and sports authority is established, shall be spent to promote tourism
within that county. For fiscal years 2010-2011 and 2011-2012, fifty per cent of the
revenues deposited in the tourism fund pursuant to this subsection may be expended by the
office of tourism for operational and administrative purposes.

3. Revenues deposited pursuant to section 42-6108.01. The legislature shall
appropriate all monies in this account to the office of tourism, which, in conjunction
with the destination marketing organization in the county in which the tax revenues are
collected, shall be spent only to promote tourism within that county and shall not be
spent for administrative or overhead expenses.

4. Revenues deposited pursuant to section 5-601.02(H)(3)(b)(iv). The office of
tourism shall administer the account. The account is not subject to appropriation, and
expenditures from the fund are not subject to outside approval notwithstanding any
statutory provision to the contrary. Monies received pursuant to section 5-601.02 shall
be deposited directly with this account. On notice from the office of tourism, the state
treasurer may invest and divest monies in the account as provided by section 35-313, and
monies earned from investment shall be credited to the account. No monies in the account
shall revert to or be deposited in any other fund, including the state general
fund. Monies in this account shall supplement, not supplant, current funds in other
accounts of the tourism fund. Monies in this account shall be spent only to promote
tourism within the state and shall not be used for administrative or overhead expenses.

B. Monies in the fund are exempt from the provisions of section 35-190 relating to
lapsing of appropriations.