There is hereby created a special fund to be known as the “Lodging Tax Fund.” All taxes levied pursuant to this chapter shall be placed in said fund for the purpose of paying all or any part of the cost of tourism promotion, acquisition of tourism-related facilities, or operation of tourism-related facilities in accordance with the definitions of the terms tourism, tourism promotion, and tourism-related facility as such terms are defined in RCW 67.28.080. The moneys accumulated in said fund may be invested in interest-bearing securities by the City Finance Director in any manner authorized by law. The City Council may agree to the utilization of revenue from taxes imposed under this chapter for the purposes of funding a multi-jurisdictional tourism-related facility. (Ord. 2201 § 1, 1998).