§ 515.01.

HOTEL TAX ALLOCATIONS

a.

All monies collected pursuant to the tax imposed by Section 502 of this Article (“Hotel Tax Revenues”) shall be deposited to the credit of a fund to be known as the Hotel Room Tax Fund, and shall be allocated for the purposes specified in Subsection (b) in the amounts prescribed in Subsection (c).

b.

The monies allocated pursuant to this Section shall be appropriated to the following departments and used solely for the following purposes:

1.

Allocation Number 1 (Convention Facilities): To the City Administrator for Base Rental and Additional Rental as provided for and defined in the Project Lease, as amended, between the City and the Successor Agency to the Redevelopment Agency of the City and County of San Francisco, for the acquisition, construction and financing of a convention center within the Yerba Buena Center Redevelopment Project Area, and for all expenses reasonably related to operation, maintenance and improvement of the Moscone Convention Center. Any unexpended balance remaining in Allocation Number 1 at the close of any fiscal year shall be deemed to be provided for a specific purpose within the meaning of Section 9.113 of the Charter and shall be carried forward and accumulated in said allocation for the purposes recited herein.

2.

Allocation Number 2 (Administration): To the Tax Collector for administration of the provisions of this Article.

3.

Allocation Number 3 (Refunds): To the Tax Collector for refunds of any overpayment of the tax imposed under this Article.

4.

Allocation Number 4 (Publicity/Advertising): To the City Administrator for publicity and advertising purposes pursuant to the provisions of Section 3.104 of the Charter.

5.

Allocation Number 5 (Balance to General Fund): After the specific purpose allocations and accumulations required by this Section, all remaining revenues shall be transferred to the General Fund.

c.

Each allocation for a purpose described in Subsection (b) shall be in the amount prescribed in the table below.



Allocation No.

Amount

1.

Moscone Convention Center

50%

2.

Administration

Up to .6%

3.

Refunds of Overpayments

As required

4.

Publicity & Advertising

As appropriated

5.

To General Fund

Remainder

Percentages shall be calculated based on the total amount collected pursuant to the tax imposed by Section 502 of this Article.

History

(Added by Ord. 300-97, App. 7/25/97; amended by Ord. 301-97, App. 7/25/97; Ord. 302-97, App. 7/25/97; Ord. 360-97, App. 9/5/97; Ord. 2-98, App. 1/16/98; Ord. 254-98, App. 7/31/98; Ord. 183-01, File No. 011174, App. 8/17/2001; Ord. 166-13 , File No. 130541, App. 8/2/2013, Eff. 9/1/2013; Ord. 170-13 , File No. 130545, App. 8/2/2013, Eff. 9/1/2013)

Download

  • Plain Text
  • JSON

Comments