Sec. H-1. 5 MRSA §13090-J is enacted to read:
§13090-J. Tourism Cooperative Marketing Fund
1. Statement of purpose. The Tourism Cooperative Marketing Fund is established to allow the Office of Tourism and Community Development to accept private donations to be used in support of special public and private marketing opportunities.
2. Tourism Cooperative Marketing Fund. The Tourism Cooperative Marketing Fund, referred to in this section as the "fund," is established as an interest-bearing account. All charges collected pursuant to this section must be deposited into the fund. All interest earned by the account becomes part of the fund. Any balance remaining in the fund at the end of the fiscal year does not lapse but is carried forward into subsequent fiscal years. Revenue to the fund is collected, managed, deposited, invested and disbursed by the Office of Tourism and Community Development.
3. Revenue sources. For purposes of funding its activities, the Office of Tourism and Community Development is authorized to accept donations from private sources and shall consult with donors in making distribution determinations.
4. Administrative costs. The Office of Tourism and Community Development may retain a portion of the total donations collected equivalent to the office's administrative costs incurred in the collection and remission of the donations, not to exceed 2% of the total donations collected.
5. Reporting requirements. The Office of Tourism and Community Development shall submit a report by February 1, 1998 and February 1st of each subsequent year to the joint standing committees of the Legislature having jurisdiction over economic development matters and appropriations and financial affairs identifying the amount collected and how the fund was disbursed by the office.
6. Repeal. This section is repealed on July 1, 2007. The Office of Tourism and Community Development shall provide its recommendations to the Governor and the joint standing committee of the Legislature having jurisdiction over economic development matters concerning the need for extending authorization of the fund.
Sec. H-2. Allocation. The following funds are allocated from Other Special Revenue to carry out the purposes of this Part.
1997-98 1998-99
ECONOMIC AND COMMUNITY DEVELOPMENT, DEPARTMENT OF
Office of Tourism and Community Development
All Other $200,000 $200,000
Provides funds to be used in support of special public and private marketing opportunities.
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