Utah Administrative Code
Topic - Governor
Title R357 - Economic Opportunity
Rule R357-13 - Hotel Convention Center Incentive
Section R357-13-8 - Procedures for the Administration of the Hotel Impact Mitigation Fund
Current through Bulletin 2024-06, March 15, 2024
(1) Notification of the open mitigation application period will be posted on the GOEO website.
(2) An applicant who fails to apply for mitigation during the open application period, in a format and method provided by the office, will not be eligible for mitigation funds during that fiscal year.
(3) For four consecutive years, the Hotel Impact Mitigation Fund will accept applications per Subsection 63N-2-512(5)(a)(ii). An applicant must submit a new claim application each year, and the application must reflect the direct loss for October 1st to September 30th of the year claimed.
(4) To be determined eligible for reimbursement from the Hotel Impact Mitigation Fund, an applicant shall demonstrate:
(5) The office shall determine if an affected hotel claims are reasonable due to an increase in the supply of hotel rooms attributable to the opening of the Hyatt Regency Salt Lake City and may deny or reduce a claim for the following reasons:
(6) The Board shall annually pay up to $2,100,000 of money in the mitigation fund:
(7) The Board shall make any required payment within 90 days of the end of the application period, unless an applicant seeks agency review or good cause exists to extend the time.
(8) If an application for reimbursement by the Hotel Impact Mitigation Fund is denied, the entity may seek review by the Executive Director of the Governor's Office of Economic Opportunity, using the procedures set forth in the Utah Administrative Procedures Act, Section 63G-4-301. Within five business days of receiving notice from the Office that the application has been denied, the applicant must file a review.