Establishes the Swannanoa Valley Tourism Development Authority to manage occupancy tax revenue for tourism promotion in Buncombe County.
The bill creates the Swannanoa Valley Tourism Development Authority to manage occupancy tax revenue for tourism promotion in Buncombe County. The Authority can award grants and loans for tourism projects, with specific funds allocated for different purposes. The Authority consists of members appointed by the Buncombe County Board of Commissioners and the Asheville City Council, including tourism business owners and operators. The Authority must report quarterly and annually on its financial activities.
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