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 Clovis
 Code of Ordinances
 Title 3. REVENUE AND FINANCE
 Chapter 3.18. LODGERS' TAX

  § 3.18.150. Eligible uses of lodgers' tax proceeds.  

Latest version.

  • A.

    Fifty percent of the first three percent of the proceeds of the lodgers' tax shall be paid into the general fund, to be used by the city commission for any purpose.

    B.

    Not less than one-half of the proceeds of the first three percent of the tax and not less than one-fourth of the proceeds from the tax in excess of three percent shall be used only for advertising, publicizing and promoting tourist-related attractions, facilities and events. The proceeds that are required to be used to advertise, publicize and promote tourist-related attractions, facilities and events shall be used within two years of the close of the fiscal year in which they are collected and shall not be accumulated beyond that date or used for any other purpose.

    C.

    Subject to the limitations contained in subsection B of this section, the municipality may use the proceeds from the tax to defray the costs of:

    1.

    Collecting and otherwise administering the tax, including the performance of audits required by the Lodgers' Tax Act pursuant to guidelines issued by the department of finance and administration;

    2.

    Establishing, operating, purchasing, constructing, otherwise acquiring, reconstructing, extending, improving, equipping, furnishing or acquiring real property or any interest in real property for the site or grounds for tourist-related facilities, attractions or transportation systems of the municipality, the county in which the municipality is located or the county;

    3.

    The principal of and interest on any prior redemption premiums due in connection with and any other charges pertaining to revenue bonds authorized by Section 3-38-23 or Section 3-38-24 NMSA 1978;

    4.

    Advertising, publicizing and promoting tourist-related attractions, facilities and events of the municipality or county and tourist facilities or attractions within the area; or

    5.

    Any combination of the foregoing purposes or transactions stated in this subsection, but for no other municipal purpose.

(Ord. 1629-2000 §2(part), 2000: Ord. 1518-96 §3, 1996: Ord. 1505-96 §3(part), 1996).