(Doc Name COUNCIL\BH\4701C007.BH.DG14.DOCX):
EXPLANATION:
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.