[HISTORY: Adopted by the Board of Trustees 8-4-1997 by L.L. No. 4-1997. Amendments noted where applicable.]
The purpose of this chapter is to establish and there is hereby established a Publicity Fund in the accounts of the Village of Springville from which expenditures may be made for the specific objects and purposes recited herein and to which the taxes and other revenues of the village may be appropriated.
It is determined that certain publicly and privately sponsored parades, festivals, exhibitions, shows, contests, farmers' markets, displays, games, races and other similar events held within the village for the public at large and which are designed to attract visitors to the area are desirable for the general welfare of the village inhabitants and are otherwise desirable for the benefit of trade within the village.
The Board of Trustees may in its discretion make appropriations to the Publicity Fund hereby established either as part of the annual budget or at any time from unanticipated revenues or from surplus amounts in other accounts. Such publicity fund may not, however, be funded in any fiscal year in an amount greater than $3,000, nor shall annual expenditures from such fund for all qualified objects and purposes exceed the sum of $3,000 in any event.
The objects and purposes for which expenditures may be made from such publicity fund shall be limited to events which are:
Held at least partially within the Village of Springville;
Open to the general public from within and without the village;
Likely to provide favorable publicity for the village or stimulate trade within the village or shall be beneficial to the general welfare of the inhabitants of the village by providing instruction, entertainment or amusement; and
Primarily sponsored or promoted by a not-for-profit corporation or other nonprofit organization.
No expenditures from such publicity fund shall be made unless the village's Board of Trustees shall have first determined, by resolution, the amount of money to be allocated for such event and that the particular event or organization to be benefited by such expenditure meets the qualifying criteria set forth in this section.
No expenditure from the publicity fund shall be made to benefit any single recipient or event in an amount greater than $1,000 in any one fiscal year of the village.
Any resolution by the Board of Trustees authorizing the expenditure of money from the publicity fund may contain special limitations upon the recipient's use of any money to be paid by the village, and the payment of any money so authorized shall be conditioned upon the recipient's satisfactory compliance with the stated limitations.
No payment from the publicity fund shall be made by the village until the qualifying event has actually occurred in its contemplated magnitude or the Board of Trustees has determined that the benefit to be derived by the village and its inhabitants has actually been received.
This chapter is not intended to create any right to funding in any person or organization, nor is the Board of Trustees obliged to appropriate any money to the publicity fund or to expend any amount from the publicity fund at any time.