There is hereby created a special fund in the treasury of the city of Lacey, known as the “lodging tax fund.” All such taxes collected herein shall be placed in such fund for the purpose of paying all or any part of the cost of acquisition, construction or operation of tourism-related facilities, or to pay or secure the payment of all or any portion of general obligation bonds or revenue bonds issued for such purpose or purposes under this chapter, or to pay for tourism promotion, and until withdrawn for use, the moneys accumulated in such fund may be invested by the city finance director in any manner authorized by law. (Ord. 1071 §2, 1997; Ord. 1021 §13, 1995; Ord. 577 §1 (part), 1980).