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Utah Code Title 63N. Economic Opportunity Act § 63N-2-511. Stay Another Day and Bounce Back Fund

Current as of January 01, 2025 | Updated by Findlaw Staff

<Section effective until July 1, 2025. See, also, section 63N-2-511 effective July 1, 2025.>
<For repeal affecting § 63N-2-511(1)(b), see § 63I-1-263.>

(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 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.

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Cite this article: FindLaw.com - Utah Code Title 63N. Economic Opportunity Act § 63N-2-511. Stay Another Day and Bounce Back Fund - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63n-economic-opportunity-act/ut-code-sect-63n-2-511/

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