Rules & Regulations of the State of Tennessee
Title 1670 - Tourist Development
Subtitle 1670-05 - Guidelines for Governing Organization Applying for Tourist Promotion Matching Funds Division
Chapter 1670-05-01 - GUIDELINES FOR ORGANIZATION APPLYING FOR TOURIST PROMOTION MATCHING FUNDS
Section 1670-05-01-.05 - EXPENDITURE OF APPROVED FUNDS
Universal Citation: TN Comp Rules and Regs 1670-05-01-.05
Current through September 24, 2024
(1) The following provisions prevail as to use of State Matching Funds by an approved Organization and shall be considered evidence of that Organization's receipt of local matching contributions.
(2) All Organizations applying for and receiving State Matching Funds should maintain a separate Disbursement Journal pertaining to that portion of its budget funded by State Matching Funds. The following shall be adhered to as to expenditures of State Matching Funds monies:
(a) No more than forty percent (40%) of the
total of State Matching Funds received in a fiscal year may be used for the
administrative expense of operating said Organization. Administrative expenses
include: salaries, in part or in total, of any employee , commissions, rent,
machinery, office equipment, utilities, furnishings, taxes, payroll or
otherwise, postage, insurance, telephone and other amenities generally
considered essential in the day-to-day operation of a business.
(b) No State Matching Funds may be used to
reimburse any member or contributor of said Organization for monies received
which are used as locally raised matching funds, by cash transaction,
development of promotional materials for a contributor or in-kind
services.
(c) Travel expenses to
bona fide tourism travel/trade shows, exhibits, conventions, seminars,
meetings, by authorized personnel representing the Organization are deemed to
be eligible for State Matching Funds, provided attendance at such functions is
in accordance with the Organization's marketing plan and the State's Travel
Regulations.
(d) Expenditures for
promotional materials and events of the Organization's planning area, i.e.,
brochures of the Region, advertising through travel/trade press, billboards,
new media, including radio, television, newspapers, periodicals, and other such
outlets as are approved by the Commissioner of the Department of Tourist
Development and outlined in the Organization's marketing plan.
(e) Sponsoring familiarization tours within
the Region to expose the area to travel/trade writers, travel agents, bus
operators, tour brokers and wholesalers, airline personnel, and other groups
capable of bringing visitors to the Region are deemed acceptable uses of State
Matching Funds.
Authority: T.C.A. §§ 4-346, 4-3-2201 et seq., 4-3-2206, 4-3-2207, and 4-5-201 et seq.
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