Common use of Use of Funds Clause in Contracts

Use of Funds. Recipient will utilize the Funds provided for herein solely as defined in Item 4 of Exhibit A, and in conformance with pertinent provisions of Florida Law regarding expenditure of Tourist Development Tax revenues, the County’s Tourist Development Plan, and as specified by the County in Resolution No. 2017-M-43. Allowed and non-allowed expenses are as follows: o Allowable expenses include: o Bid fees and direct incentive payments o Promotion, marketing, programming o Paid advertising and media buys o In limited circumstances, expenses related to site fees, venue rentals, and staffing costs, provided that Event expenses exceed Event revenues o Non-allowable expenses include: o General and administrative expenses o Capital costs including venue enhancements, equipment etc. o Debt o Hospitality/social functions including food and beverages, banquets and admission tickets o Travel, transportation, lodging and other local costs.

Use of Funds. Recipient will utilize the Funds provided for herein solely as defined in Item 4 of Exhibit A, and in conformance with pertinent provisions of Florida Law regarding expenditure of Tourist Development Tax revenues, the County’s Tourist Development Plan, and as specified by the County in Resolution No. 2017-M-43. Allowed and non-allowed expenses are as follows: o Allowable expenses include: o Bid fees and direct incentive payments o Promotion, marketing, programming o Paid advertising and media buys o In limited circumstances, expenses related to site fees, venue rentals, and staffing costs, provided that Event expenses exceed Event revenues revenues. o Non-allowable expenses include: o General and administrative expenses o Capital costs including venue enhancements, equipment etc. o Debt o Hospitality/social functions including food and beverages, banquets and admission tickets o Travel, transportation, lodging and other local costs.

Use of Funds. Recipient will utilize the Funds provided for herein solely as defined in Item 4 of Exhibit A, and in conformance with pertinent provisions of Florida Law regarding expenditure of Tourist Development Tax revenues, the County’s Tourist Development Plan, and as specified by the County in Resolution No. 2017-M-43. Allowed and non-allowed expenses are as follows: o Allowable expenses include: o Bid fees and direct incentive payments o Promotion, marketing, programming o Paid advertising and media buys o In limited circumstances, expenses related to site fees, venue rentals, and staffing costs, provided that Event expenses exceed Event revenues o Non-allowable expenses include: o General and administrative expenses o Capital costs including venue enhancements, equipment etc. o Debt o Hospitality/social functions including food and beverages, o banquets and admission tickets o Travel, transportation, lodging and other local costs.