§ 95-4. Fund for revenues.  


Latest version.
  • All revenues received through the additional mercantile assessment shall be deposited with a fund created by this chapter and held by the Commission created by § 95-1 of this chapter. The fund shall be the exclusive repository of all revenues collected by the City of North Wildwood Tourists' Development Commission. In no event shall moneys from any other source be allocated to this fund. Revenues from the fund are dedicated exclusively to the purposes of publicizing and otherwise promoting the City of North Wildwood in order to attract tourism. The Commission shall have exclusive authority to disburse all revenues allocated to the fund, which disbursements shall be made to fulfill the purposes above described.