Bill > SB1672

This bill establishes a Joint Capital Tourism Board, comprised of nine members appointed by legislative leaders and the governor, along with specific executive officers from large metropolitan areas, to oversee certain tourism development funds and policies, particularly concerning convention centers and significant tourism events. The board will be attached to the Comptroller of the Treasury for administrative purposes and will have the authority to guide the administration of state laws regarding excess revenues, with provisions for closed-door sessions to discuss sensitive application details and trade secrets related to tourism events and economic assistance. The bill also modifies how certain tax revenues are allocated and used, prioritizing convention center construction, expansion, and operation, as well as authorized obligations and other tourism-related costs, and extends the period for tax increment revenue allocations for longer-term projects.