NJ S708

Removes the fixed requirement that municipal Tourist Development Commissions must spend at least 50 percent of their allocated revenues on advertising outside the municipality to attract tourists

Allows each Tourist Development Commission to determine its own minimum percentage for out-of-municipality advertising expenditures

Acknowledges that technological advancements in advertising have changed since the original 1982 law was passed, making the rigid 50 percent requirement outdated

Frees up funds previously mandated for out-of-municipality advertising to be used for other tourist development purposes within the municipality