Current through the 2024 Fourth Special Session
Section 63N-2-510 - Report by office - Posting of report(1) The office shall include the following information in the office's annual written report described in Section 63N-1a-306:(a) the state's success in attracting new conventions and corresponding new state revenue;(b) the estimated amount of convention incentive commitments and the associated calculation made by the office and the period of time over which convention incentives are expected to be paid;(c) the economic impact on the state related to generating new state revenue and providing convention incentives; and(d) the estimated and actual costs and economic benefits of the convention incentive commitments that the office made.(2) Upon the commencement of the construction of a qualified hotel, the office shall send a written notice to the Division of Finance: (a) referring to the two annual deposits required under Subsection 59-12-103(10); and(b) notifying the Division of Finance that construction on the qualified hotel has begun.Amended by Chapter 471, 2023 General Session ,§ 35, eff. 5/3/2023.Amended by Chapter 282, 2021 General Session ,§ 100, eff. 7/1/2021.Renumbered from § 63M-1-3410 and amended by Chapter 283, 2015 General Session ,§ 115, eff. 5/12/2015.Amended by Chapter 417, 2015 General Session ,§ 9, eff. 7/1/2015.Added by Chapter 429, 2014 General Session ,§ 16, eff. 5/13/2014.