Sec. 22. A unit may use revenues from a tax imposed under this chapter for one (1) or more of the following purposes:
(1) To promote and encourage conventions, visitors, and tourism within the unit.
(2) To promote and encourage economic development within the unit.
(3) Paying debt service or lease rentals on:
(A) bonds;
(B) leases;
(C) obligations; or
(D) any other evidence of indebtedness of the unit;
for a project described in subdivisions (1) and (2).
As added by P.L.214-2005, SEC.47.