Establishes "County Tourism Incentive Grant Fund" to provide grants to counties for tourism advertising and promotion.
The bill establishes the "County Tourism Incentive Grant Fund" within the Department of the Treasury. The fund will receive excess State hotel and motel occupancy fee revenues, which will be used to issue annual grants to counties for tourism advertising and promotion. Counties must enter into an agreement with the State Treasurer to use the grants for tourism advertising and promotion, not to reduce other tourism funds, and to repay the grants if not used for their intended purpose. The State Treasurer will determine the amount of each grant based on hotel and motel occupancy revenues.
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