A BILL TO BE ENTITLED
AN ACT amending the durham county room occupancy tax provisions.
The General Assembly of North Carolina enacts:
SECTION 1.  Section 7(a) of S.L. 2001‑480, as amended by Section 1 of S.L. 2002‑36 and Section 4.1 of S.L. 2005‑233, reads as rewritten:
"SECTION 7.(a)  If a plan for financing a Performing Arts Theater has not been approved by the Durham City Council and has been disapproved by the Durham County Commissioners within 64 months after the levy of the one percent (1%) tax authorized under Section 6(c) of this act, the county's authority to levy the one percent (1%) tax described under Section 6(c) of this act and the levy of the one percent (1%) tax described in this subsection are repealed on the first day of the second month following the 64‑month period.
If construction on the Performing Arts Theater has not begun within 64 months after the levy of the one percent (1%) tax authorized under Section 6(c) of this act, the county's authority to levy the one percent (1%) tax described in Section 6(c) of this act and the levy of the one percent (1%) tax described in Section 6(c) of this act are repealed on the first day of the second month following the 64‑month period.
It is the goal of the General Assembly that a plan for financing the Performing Arts Theater shall be adopted within 64 months after the levy of the one percent (1%) tax authorized under Section 6(c) of this act, and construction of the Performing Arts Theater shall begin within 64 months of the levy of the one percent (1%) tax described in Section 6(c) of this act.
Any funds collected but not spent before the repeal date shall be redistributed to the Durham Convention and Visitors Bureau to promote travel and tourism."
SECTION 2.  This act is effective when it becomes law.