This bill amends the existing law governing municipal tourist development commissions by reducing the required percentage of revenues that must be allocated for advertising outside the municipality from 50 percent to 20 percent. The commission will still retain exclusive authority to disburse all revenues from the fund established under P.L.1982, c.68, and it can spend the funds as it deems advisable for promoting tourism in the municipality.

Additionally, the bill provides a clear definition of "advertising outside of the municipality," specifying that it includes various forms of media aimed at encouraging individuals who work or reside outside the municipality to visit its tourist attractions. This clarification ensures that the advertising efforts are focused on attracting external visitors, regardless of whether the advertisements also reach local residents. The bill is set to take effect immediately upon passage.

Statutes affected:
Introduced: 40:54C-3