Subject to §§ 42-63.1-3(2), 42-63.1-3(3), and 42-63.1-12, an entity which receives funds pursuant to this chapter shall use the funds to promote and encourage tourism to coordinate tourism activities and to further economically develop the state by and through tourism activities, and to promote and develop conventions and related exhibition, meeting, banquet and other events customarily incident to tourism activities in facilities established pursuant to Chapter 99 of this title.