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Commission amends tourist‑development tax code to match Florida law; measure tied to arena financing
Summary
The commission voted March 11 to amend County Code section 31‑16 to broaden allowable uses of tourist‑development tax proceeds to align with state law. County counsel and staff said the change enables proceeds to secure a letter of credit for the Broward County Civic Arena (Panthers) financing approved elsewhere on the agenda.
The Broward County Board of County Commissioners on March 11 enacted an ordinance amending county code section 31‑16 to expand the permissible uses of tourist‑development tax proceeds and align local code with Florida law.
County counsel explained the change "expands the use to align it with the permissible uses under Florida law," and county staff said proceeds from specific pennies of the tourist‑development tax — the fourth and fifth penny — will secure a letter of credit tied to the Broward County Civic Arena…
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