Utah Admin. Code R357-13-5 - [Effective until 9/4/2025] Independent Review Committee
The independent review committee may:
(1) make recommendations to the Office
regarding appropriate terms and conditions for an agreement with a qualified
hotel;
(2) consult with the Office
regarding compliance with the;
(a) conditions,
contingencies, and requirements related to the convention incentive:
(b) proof of new tax revenue to support an
application or claim for a convention incentive; and
(c) proof of reduction of the tax credit by
$1,900,000 for the first two years of the project;
(3) specify the maximum dollar amount that
the incentive recipient may receive for each application; and
(4) review documentation to ensure that
incentives are being used for the purposes set forth in Section
63N-2-513.
Notes
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(1) The independent review committee may:
(a) make recommendations to the Office regarding appropriate terms and conditions for an agreement with a qualified hotel;
(b) consult with the Office regarding compliance with the;
(i) conditions, contingencies and requirements related to the convention incentive:
(ii) proof of new tax revenue to support an application or claim for a convention incentive; and
(iii) proof of reduction of the tax credit by $1,900,000 for the first two years of the project;
(c) specify the maximum dollar amount that the incentive recipient may receive for each application; and
(d) review documentation to ensure that incentives are being used for the purposes set forth in Section 63N-2-513.