(Doc Name COUNCIL\BH\4701C007.BH.DG14.DOCX):
Amend the bill, as and if amended, Part IB, Section 97, OFFICE
OF STATE TREASURER, page 479, after line 7, by adding an
appropriately numbered paragraph to read:
/ 97.__. (TREAS: Accommodations Tax Withholdings) If the State Treasurer is withholding accommodations tax revenue distributions to a municipality due to an expenditure the Tourism Expenditure Review Committee determined to be in noncompliance, then the municipality or county may refund an amount equivalent to the amount determined to be in noncompliance to the appropriate fund. If the municipality or county certifies to the committee that the amount has been refunded, the State Treasurer shall no longer subject the municipality or county to future withholdings of the amount determined to be in noncompliance. After the amount determined to be in noncompliance has been refunded, the municipality or county may expend the funds for a compliant tourism-related purpose. Any subsequent expenditure of a refunded amount is subject to the reporting and review requirements of Chapter 4, Title 6. If the municipality or county certifies to the committee that the amount previously determined to be in noncompliance has been refunded to the appropriate fund, then any amount withheld from the municipality or county from subsequent allocations must be returned in same amount and manner that it was withheld.
The Tourism Expenditure Review Committee shall notify the municipality or county if an expenditure is found to be in noncompliance. If the committee informs the county or municipality of an expenditure determined to be in noncompliance and the county or municipality does not refund the noncompliant amount, the committee shall certify the noncompliance to the State Treasurer. If the committee determines an expenditure of any refunded amount to be in noncompliance, the municipality or county may not refund an equivalent amount in order to avoid future withholdings. /
Renumber sections to conform.
Amend totals and titles to conform.