§201B-8  Convention center enterprise
special fund.  (a)  There is established the convention center enterprise
special fund, into which shall be deposited:



(1)  A portion of the revenues from the transient
accommodations tax, as provided by section 237D-6.5;



(2)  All revenues or moneys derived from the
operations of the convention center to include all revenues from the food and
beverage service, all revenues from the parking facilities or from any
concession, and all revenues from the sale of souvenirs, logo items, or any
other items offered for purchase at the convention center;



(3)  Private contributions, interest, compensation,
gross or net revenues, proceeds, or other moneys derived from any source or for
any purpose arising from the use of the convention center facility; and



(4)  Appropriations by the legislature, including any
transfers from the tourism special fund established under section 201B-11 for
marketing the facility pursuant to section 201B-7(a)(7).



(b)  Moneys in the convention center enterprise
special fund shall be used by the authority for the payment of any and all debt
service relating to the convention center, any expense arising from any and all
use, operation, maintenance, alteration, improvement, or any unforeseen or
unplanned repairs of the convention center, including without limitation the
food and beverage service and parking service provided at the convention center
facility, the sale of souvenirs, logo items, or other items, for any future
major repair, maintenance, and improvement of the convention center facility as
a commercial enterprise or as a world class facility for conventions,
entertainment, or public events, and for marketing the facility pursuant to
section 201B-7(a)(7).



(c)  Moneys in the convention center enterprise
special fund may be:



(1)  Placed in interest-bearing accounts;
provided that the depository in which the money is deposited furnishes security
as provided in section 38-3; or



(2)  Otherwise invested by the authority
until such time as the moneys may be needed; provided that the authority shall
limit its investments to those listed in section 36-21.



All interest accruing from investment of the moneys
shall be credited to the convention center enterprise special fund. [L 2002, c
253, §2; am L 2005, c 235, §6]