Utah § 17-78-707 Payment to Stay Another Day and Bounce Back Fund and Hotel Impact Mitigation Fund.

Utah Statutes

§ 17-78-707 — Payment to Stay Another Day and Bounce Back Fund and Hotel Impact Mitigation Fund.

Utah·Title 17 Counties·Ch. 17-78 County Property, Programs, and Entities·Part 17-78-7 Establishing and Promoting Recreation, Tourism, and Conventions

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:

(1)(a) for deposit into the Stay Another Day and Bounce Back Fund, established in Section 63N-2-511;

(1)(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

(1)(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:

(2)(a) for deposit into the Hotel Impact Mitigation Fund, created in Section 63N-2-512;

(2)(b) for each year described in Subsection 63N-2-512(5) during which the balance of the Hotel Impact Mitigation Fund, defined in Section 63N-2-512, is less than $2,100,000 before any paymen

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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:
(1)(a) for deposit into the Stay Another Day and Bounce Back Fund, established in Section 63N-2-511;
(1)(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
(1)(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:
(2)(a) for deposit into the Hotel Impact Mitigation Fund, created in Section 63N-2-512;
(2)(b) for each year described in Subsection 63N-2-512(5) 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); and
(2)(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).

Utah § 17-78-707 (Payment to Stay Another Day and Bounce Back Fund and Hotel Impact Mitigation Fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.