The budget and finance committee shall submit to the lodging tax advisory committee, for its review and comment, proposals on: (a) the imposition of a tax under Chapter 452, Laws of 1997; (b) any increase in the rate of such a tax; (c) the repeal of an exemption from such a tax; or (d) a change in the use of the revenue received under Chapter 452, Laws of 1997. The budget and finance committee shall submit such a proposal to the lodging tax advisory committee at least forty-five days before the city takes final action on any such proposal. Comments by the lodging tax advisory committee may include an analysis of the extent to which the proposal will accommodate activities for tourists or increase tourism and the extent to which the proposal will affect the long-range stability of the special fund created from the lodging tax revenues. The lodging tax advisory committee shall submit comments on the proposal in a timely manner through generally applicable public comment procedures. Failure of the lodging tax advisory committee to submit comments before final action on or passage of the proposal shall not prevent the city from acting on the proposal. The city is not required to submit an amended proposal to the lodging tax advisory committee. (Ord. 2241-97 § 4, 1997.)