Bill > HB2085

This bill establishes a Joint Capital Tourism Board composed of nine voting members appointed by legislative leaders and the governor, along with specific executive officers from large metropolitan counties, to oversee tourism development financing and the allocation of excess revenues generated by convention centers and tourism development zones. The board, attached to the Comptroller of the Treasury for administrative purposes, will guide the Comptroller in administering state laws concerning these revenues, with provisions for executive sessions to discuss sensitive tourism event and economic assistance information, while generally maintaining public access to records. The bill also modifies how certain tax revenues are allocated for convention center construction, operation, and related obligations, extends the period for tax increment revenue allocations for certain plans, and clarifies the use of funds for tourism-related activities and public infrastructure improvements within designated tourism development zones, particularly in large metropolitan areas.