43.336.050 - Tourism enterprise account. - Washington Statutes

Tourism enterprise account.

The tourism enterprise account is created in the custody of the state treasurer.

     (1) All receipts from RCW 43.336.030(2)(a) must be deposited into the account. Only the executive director or the executive director's designee may authorize expenditures from the account. The account is subject to allotment procedures under chapter 43.88 RCW, but an appropriation is not required for expenditures.

     (2) Moneys transferred from the state convention and trade [center] account to this account, as provided in RCW 67.40.040, shall be available for expenditure in accordance with the requirements of this section. As provided under subsection (3) of this section, moneys must be matched with private sector cash contributions, the value of an advertising equivalency contribution, or through an in-kind contribution. The commission shall determine criteria for what qualifies as an in-kind contribution. The moneys subject to match may be expended as private match is received or with evidence of qualified expenditure.

     (3)(a) Twenty-five percent of the moneys transferred in fiscal year 2009 are subject to a match;

     (b) Fifty percent of the moneys transferred in fiscal year 2010 are subject to a match; and

     (c) One hundred percent of the moneys transferred in fiscal year 2011, and thereafter, are subject to a match.

     (4) Expenditures from the account may be used by the *department of community, trade, and economic development only for the purposes of expanding and promoting the tourism industry in the state of Washington.

[2007 c 228 § 105.]

Notes: *Reviser's note: The "department of community, trade, and economic development" was renamed the "department of commerce" by 2009 c 565.