§ 35-207. Use of net proceeds of tax.

The net proceeds of the tax after deduction of collection expenses shall be used for the following purposes:

(1)

For the design and construction of a docking facility and pedestrian access for the USS Cabot/Dedalo Aircraft Carrier to be permanently moored in Kenner at the approximate location of the existing Rivertown docking facility;

(2)

Proceeds collected in excess of three hundred twenty-five thousand dollars ($325,000.00) each fiscal year may be used for potential operating expenses for the first two (2) years of operations or the USS Cabot/Dedalo Aircraft Carrier in an amount not to exceed one hundred thousand dollars ($100,000.00) per year;

(3)

To plan, acquire, finance, own, construct, operate and maintain cultural and recreational facilities including professional and amateur sporting facilities, which may include, but shall not be limited to, a baseball stadium located on the one hundred twelve-acre tract of land located adjacent to and south of the Airline Highway right-of-way to the east of its intersection with Hickory Avenue, known as the LaSalle Tract, in Jefferson Parish and on any contiguous tract or tracts subsequently acquired by or on behalf of the parish.

(Ord. No. 18362, § 1, 9-4-91)