2025 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.

Affected by 63I-1-263 on 7/1/2030

• (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-7-201.

• (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 Utah Office of Tourism;
  • (b)earn interest; and
  • (c)be funded by:
    • (i)annual payments under Section 17-78-707 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 Utah Office of Tourism 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.