after June 30, 2005; and
(3) investment income earned on the promotion fund's assets.
Money in the promotion fund bureau's funds promotion fund may be
expended only only to promote and encourage conventions, trade
shows, special events, recreation, and visitors within the county. within
the county. Money may be paid from the promotion fund by claim in
the same manner as municipalities may pay claims under
IC 5-11-10-1.6.
(c) This subsection applies to the first one million two hundred fifty
thousand dollars ($1,200,000) ($1,250,000) of revenue received from
the tax imposed under this chapter in each year. During each year, the
county treasurer shall transfer to Indiana University-Northwest
forty-four forty-two and thirty-three seventy-seven hundredths percent
(44.33%) (42.77%) of the revenue received under this chapter for that
year to be used as follows:
(1) Seventy-five percent (75%) of the revenue received under this
subsection may be used only for the university's medical
education programs.
(2) Twenty-five percent (25%) of the revenue received under this
subsection may be used only for the university's allied health
education programs.
The amount for each year shall be transferred in four (4)
approximately equal quarterly installments. The amount for each
year shall be transferred in four (4) approximately equal quarterly
installments.
(d) This subsection applies to the first one million two hundred fifty
thousand dollars ($1,200,000) ($1,250,000) of revenue received from
the tax imposed under this chapter in each year. During each year, the
county treasurer shall allocate among the cities and towns throughout
the county nine and sixty-eight hundredths percent (9%) (9.68%) of the
revenue received under this chapter for that year. The amount of each
city's or town's allocation is The amount of each city's or town's
allocation is as follows:
(1) Ten Nine percent (10%) (9%) of the revenue covered by this
subsection shall be transferred distributed transferred to cities
having a population of more than ninety thousand (90,000) but
less than one hundred five thousand (105,000).
(2) Ten Nine percent (10%) (9%) of the revenue covered by this
subsection shall be transferred distributed transferred to cities
having a population of more than seventy-five thousand (75,000)
but less than ninety thousand (90,000).
(3) Ten Nine percent (10%) (9%) of the revenue covered by this
subsection shall be transferred distributed transferred to cities
having a population of more than thirty-two thousand (32,000) but
less than thirty-two thousand eight hundred (32,800).
(4) Seventy percent (70%) of The remaining revenue covered by
that must be allocated among the cities and towns located in the
county under this subsection shall be transferred distributed
transferred in equal amounts to each town and each city not
receiving a transfer distribution transfer under subdivisions (1)
through (3).
The money transferred distributed transferred under this subsection
may be used only for tourism and economic development projects. The
county treasurer shall make the transfers distributions transfers on or
before December 1 of each year.
(e) This subsection applies to the first one million two hundred fifty
thousand dollars ($1,200,000) ($1,250,000) of revenue received from
the tax imposed under this chapter in each year. During each year, the
county treasurer shall transfer to Purdue University-Calumet nine eight
and eighty-eight hundredths percent (9%) (8.88%) of the revenue
received under this chapter for that year. The money received by
Purdue University-Calumet may be used by the university only for
nursing education programs.
(f) This subsection applies to the first one million two hundred fifty
thousand dollars ($1,200,000) ($1,250,000) of revenue received from
the tax imposed under this chapter in each year. During each year, the
county treasurer shall transfer two and sixty-seven hundredths percent
(2.67%) of the revenue received under this chapter for that year to the
following cities:
(1) Fifty percent (50%) of the revenue covered by this subsection
shall be transferred to cities having a population of more than
ninety thousand (90,000) but less than one hundred five thousand
(105,000).
(2) Fifty percent (50%) of the revenue covered by this subsection
shall be transferred to cities having a population of more than
seventy-five thousand (75,000) but less than ninety thousand
(90,000).
Money transferred under this subsection may be used only for
convention facilities located within the city. In addition, the money may
be used only for facility marketing, sales, and public relations
programs. Money transferred under this subsection may not be used for
salaries, facility operating costs, or capital expenditures related to the
convention facilities. The county treasurer shall make the transfers on
or before December 1 of each year.
(g) This subsection applies to the revenue received from the tax
imposed under this chapter in each year that exceeds one million two
hundred fifty thousand dollars ($1,200,000). ($1,250,000). During each
year, the county treasurer shall distribute money in the promotion fund
as follows:
(1) Eighty-five percent (85%) of the revenue covered by this
subsection shall be deposited in the convention, tourism, and
visitor promotion fund. The money deposited in the fund under
this subdivision may be used only for the purposes for which
other money in the fund may be used.
(2) Five percent (5%) of the revenue covered by this subsection
shall be transferred to Purdue University-Calumet. The money
received by Purdue University-Calumet under this subdivision
may be used by the university only for nursing education
programs.
(3) Five percent (5%) of the revenue covered by this subsection
shall be transferred to Indiana University-Northwest. The money
received by Indiana University-Northwest under this subdivision
may be used only for the university's medical education programs.
(4) Five percent (5%) of the revenue covered by this subsection
shall be transferred to Indiana University-Northwest. The money
received by Indiana University-Northwest under this subdivision
may be used only for the university's allied health education
programs.
(h) The county treasurer may estimate the amount that will be
received under this chapter for the year to determine the amount to be
transferred under this section.
(h) The county treasurer may estimate the amount that will be
received under this chapter for the year to determine the amount
to be transferred under this section.
(i) (h) (i) This subsection applies only to the distribution of revenue
received from the tax imposed under section 1 of this chapter from
hotels, motels, inns, tourist camps, tourist cabins, and other lodgings or
accommodations built or refurbished after June 30, 1993, that are
located in the largest city of the county. During each year, the county
treasurer shall transfer:
(1) seventy-five percent (75%) of the revenues under this
subsection to the department of public safety; and
(2) twenty-five percent (25%) of the revenues under this
subsection to the division of physical and economic development;
of the largest city of the county.
(j) (i) (j) The Lake County convention and visitor bureau shall assist
the county treasurer, as needed, with the calculation of the amounts that
must be deposited and transferred under this section.".
Renumber all SECTIONS consecutively.
(Reference is to ESB 19 as printed February 22, 2008.)