House committee substitute makes the following changes to the 1st edition.

Amends Section (2)d of Section 9(a) of Part IV of Chapter 908 of the 1983 Session Laws, expanding the uses of 3% of the gross occupancy tax receipts and the entire proceeds of the prepared food and beverage tax in Mecklenburg County and the City of Charlotte to include paying the costs of acquiring, constructing, financing, renovating, maintaining, and controlling traffic for a "professional sports facility" located in the City of Charlotte.  Further describes and defines what a professional sports facility is (previously, only referred to places that were used for professional sporting events). Makes technical and clarifying changes. Adds the ability to use funds to acquire and finance amateur sports facilities in the City of Charlotte.

Enacts new section to Chapter 5 of the Charter of the City of Charlotte, providing that the Charlotte Regional Visitors Authority has no power or duties with respect to City owned improvements or equipment in a privately owned professional sports facility.