The city commissioners or council of any city, the board of trustees of any village,
and the county board of any county in the state shall have the power to appropriate
or expend annually from the general funds or from revenue received from any proprietary
functions of their respective political subdivision an amount not to exceed four-tenths
of one percent of the taxable valuation of the city, village, or county for the purpose
of encouraging immigration, new industries, and investment and to conduct and carry
on a publicity campaign, including a publicity campaign conducted for the purpose
of acquiring from any source a municipal electrical distribution system or exploiting
and advertising the various agricultural, horticultural, manufacturing, commercial,
and other resources, including utility services, of the city, village, or county.
Such sum may be expended directly by the city, village, or county or may be paid to
the chamber of commerce or other commercial organization or a similar county organization
or multicounty organization or local development corporation to be expended for the
purposes enumerated in this section under the direction of the board of directors
of the organization. The total amount levied including the appropriation or expenditure made under this
section shall not exceed the amount limited by law.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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