Use of revenue

Sec. 22. A unit may use revenues from a tax imposed under this chapter for one (1) or more of the following purposes: (1) To promote and encourage conventions, visitors, and tourism within the unit. (2) To promote and encourage economic development within the unit. (3) Paying debt service or lease rentals on: (A) bonds; (B) leases; (C) obligations; or (D) any other evidence of indebtedness of the unit; for a project described in subdivisions (1) and (2). As added by P.L.214-2005, SEC.47.