Utah Code 63N-2-507. Assigning convention incentive
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(1) A host local government that enters into an agreement with the office may, by resolution, assign a convention incentive to a community reinvestment agency, in accordance with rules adopted by the office.
Terms Used In Utah Code 63N-2-507
- Agreement: means an agreement described in Section 63N-2-503. See Utah Code 63N-2-502
- Community reinvestment agency: means the same as that term is defined in Section 17C-1-102. See Utah Code 63N-2-502
- Convention incentive: means an incentive for the development of a qualified hotel, in the form of payment from the incentive fund as provided in this part, as authorized in an agreement. See Utah Code 63N-2-502
- Host local government: means :(13)(a) a county that enters into an agreement with the office for the construction of a qualified hotel within the unincorporated area of the county; or(13)(b) a city or town that enters into an agreement with the office for the construction of a qualified hotel within the boundary of the city or town. See Utah Code 63N-2-502(2) A host local government that adopts a resolution assigning a convention incentive under Subsection (1) shall provide a copy of the resolution to the office.