Amends SL 1989-639 1(e) to require Southport to use at least two-thirds of the funds from the occupancy tax to promote travel and tourism in Southport and use the remainder for tourism-related expenditures, until the Southport Board of Aldermen adopt a resolution levying a room occupancy tax. When the resolution levying a room occupancy tax is adopted, Southport must quarterly remit the tax proceeds to the Southport Tourism Development Authority, which must use at least two-thirds of the funds to promote travel and tourism and the remaineder for tourism-related expenditures. Makes conforming changes.