There Is a Newer Version
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2021 Utah Code
Title 63N - Economic Opportunity Act
Chapter 2 - Tax Credit Incentives for Economic Development
Part 5 - New Convention Facility Development Incentives
Section 511 - Stay Another Day and Bounce Back Fund.
Universal Citation:
UT Code § 63N-2-511 (2021)
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Effective 7/1/2015
63N-2-511. Stay Another Day and Bounce Back Fund.
Renumbered and Amended by Chapter 283, 2015 General Session
Amended by Chapter 417, 2015 General Session
63N-2-511. Stay Another Day and Bounce Back Fund.
- (1) As used in this section:
- (a) "Bounce back fund" means the Stay Another Day and Bounce Back Fund, created in Subsection (2).
- (b) "Tourism board" means the Board of Tourism Development created in Section 63N-7-101.
- (2) There is created an expendable special revenue fund known as the Stay Another Day and Bounce Back Fund.
- (3) The bounce back fund shall:
- (a) be administered by the tourism board;
- (b) earn interest; and
- (c) be funded by:
- (i) annual payments under Section 17-31-9 from the county in which a qualified hotel is located;
- (ii) money transferred to the bounce back fund under Section 63N-2-503.5 or 63N-2-512; and
- (iii) any money that the Legislature chooses to appropriate to the bounce back fund.
- (4) Interest earned by the bounce back fund shall be deposited into the bounce back fund.
- (5) The tourism board may use money in the bounce back fund to pay for a tourism program of advertising, marketing, and branding of the state, taking into consideration the long-term strategic plan, economic trends, and opportunities for tourism development on a statewide basis.
Renumbered and Amended by Chapter 283, 2015 General Session
Amended by Chapter 417, 2015 General Session
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