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2021 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.
Universal Citation:
UT Code § 17-31-9 (2021)
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Effective 7/1/2021
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:
Amended by Chapter 282, 2021 General Session
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 Opportunity provides a convention incentive, 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 282, 2021 General Session
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