§ 111.601 — Tourist Development Donations and Sponsorships Special Revenue Fund

Sec. 111.601. - Tourist Development Donations and Sponsorships Special Revenue Fund.

There is created within the Special Revenue Funds a special revenue fund account to be known as the Tourist Development Donations and Sponsorships Special Revenue Fund ("Fund"), into which shall be deposited all donations, monetary gifts, sponsorship monies, and other non-tourist development tax monies designated for the approved uses in this Section. Monies deposited into the Fund shall be used to defray the costs and expenses related to (i) the Tourist Development Plan components described in Section 666.108, Ordinance Code; and (ii) existing and future tourist activities, tourist facilities and tourist attractions in Duval County. Expenditures from the Fund shall not be subject to the Tourist Development Plan requirements set forth in Chapter 666, Ordinance Code. All monies and interest placed into the Fund are hereby appropriated for the purposes of the Fund and such shall not lapse to the General Fund at the close of any fiscal year, but instead shall carry over to the next fiscal year. The Executive Director of the Tourist Development Council shall make expenditure recommendations to the Tourist Development Council ("TDC") for approval. The Director of Finance and Administration, or his designee, is authorized and directed to make disbursements from the Fund upon receipt of the Executive Director's request and upon approval of such expenditure recommendations by the TDC, subject to the availability of funds in the Fund. Each Fund expenditure by the TDC in excess of $75,000 shall require prior approval by the City Council.

(Ord. 2018-236-E, § 1; Ord. 2020-356-E, § 2)