2015 Utah Code
Title 17 - Counties
Chapter 31 - Recreational, Tourist, and Convention Bureaus
Section 9 - Payment to Stay Another Day and Bounce Back Fund and Hotel Impact Mitigation Fund.

Effective 5/12/2015
17-31-9. Payment to Stay Another Day and Bounce Back Fund and Hotel Impact Mitigation Fund.
A county in which a qualified hotel, as defined in Section 63N-2-502, is located shall:

• (1) make an annual payment to the Division of Finance:
  • (a) for deposit into the Stay Another Day and Bounce Back Fund, established in Section 63N-2-511;
  • (b) for any year in which the Governor's Office of Economic Development issues a tax credit certificate, as defined in Section 63N-2-502; and
  • (c) in the amount of 5% of the state portion, as defined in Section 63N-2-502; and

• (2) make payments to the Division of Finance:
  • (a) for deposit into the Hotel Impact Mitigation Fund, created in Section 63N-2-512;
  • (b) for each year described in Subsection 63N-2-512(5)(a)(ii) during which the balance of the Hotel Impact Mitigation Fund, defined in Section 63N-2-512, is less than $2,100,000 before any payment for that year under Subsection 63N-2-512(5)(a); and
  • (c) in the amount of the difference between $2,100,000 and the balance of the Hotel Impact Mitigation Fund, defined in Section 63N-2-512, before any payment for that year under Subsection 63N-2-512(5)(a).

Amended by Chapter 283, 2015 General Session