Section 102 – Utah Office of Tourism created — Appointment of managing director — Responsibilities of tourism office.
Affected by 63I-1-263 on 7/1/2025 Effective 7/1/2022 63N-7-102. Utah Office of Tourism created — Appointment of managing director — Responsibilities of tourism office. (1) There is created within the GO Utah office the Utah Office of Tourism. (2) (a) The executive director shall appoint a managing director of the tourism office. (b) The managing director […]
Section 103 – Annual report.
Effective 7/1/2022 63N-7-103. Annual report. The executive director shall include, in the annual written report described in Section 63N-1a-306, a report from the managing director on the activities of the tourism office, including information regarding the economic efficiency and results of the tourism advertising, marketing, branding, destination development, and destination management program developed under Section […]
Section 104 – Agreements with other governmental entities.
Effective 7/1/2022 63N-7-104. Agreements with other governmental entities. The tourism office may enter into agreements with state or federal agencies to accept services, quarters, or facilities as a contribution in carrying out the duties and functions of the tourism office. Enacted by Chapter 362, 2022 General Session
Section 204 – Utah Capital Investment Restricted Account.
Effective 7/1/2022 63N-6-204. Utah Capital Investment Restricted Account. (1) There is created a restricted account within the General Fund known as the Utah Capital Investment Restricted Account. (2) The restricted account shall be funded by disbursements from the Utah fund of funds or the corporation. (3) The state treasurer shall: (a) administer the account; (b) […]
Section 301 – Utah Capital Investment Corporation — Powers and purposes — Reporting requirements.
Effective 7/1/2022 63N-6-301. Utah Capital Investment Corporation — Powers and purposes — Reporting requirements. (1) (a) There is created an independent quasi-public nonprofit corporation known as the Utah Capital Investment Corporation. (b) The corporation: (i) may exercise all powers conferred on independent corporations under Section 63E-2-106; (ii) is subject to the prohibited participation provisions of […]
Section 303 – Board of directors.
Effective 7/1/2022 63N-6-303. Board of directors. (1) The corporation’s board of directors comprises the state treasurer and two individuals designated by the state treasurer. (2) Two members of the board are a quorum for the transaction of business. (3) Members of the board of directors: (a) are subject to any restrictions on conflicts of interest […]
Section 305 – Management fee — Additional financial assistance.
Effective 7/1/2022 63N-6-305. Management fee — Additional financial assistance. (1) The corporation may charge a management fee on assets under management in the Utah fund of funds. (2) The management fee described in Subsection (1) may not, in a calendar year, exceed 1% of the asset value of the Utah fund of funds on the […]
Section 401 – Organization of Utah fund of funds.
Effective 5/4/2022 63N-6-401. Organization of Utah fund of funds. (1) The corporation shall organize, and be the sole member and manager of, the Utah fund of funds. (2) The Utah fund of funds shall hold and manage investments made by the Utah fund of funds and proceeds from those investments until disbursed to the restricted […]
Section 402 – Compensation from the Utah fund of funds to the corporation — Transfer to restricted account.
Effective 5/4/2022 63N-6-402. Compensation from the Utah fund of funds to the corporation — Transfer to restricted account. (1) The corporation shall be compensated for its involvement in the Utah fund of funds through the payment of the management fee described in Section 63N-6-305. (2) (a) On or before June 30, 2022, the Utah fund […]
Section 404 – Powers of Utah fund of funds.
Effective 7/1/2022 63N-6-404. Powers of Utah fund of funds. The Utah fund of funds may: (1) engage consultants and legal counsel; (2) expend funds; (3) enter into contracts; and (4) perform any other act necessary to carry out its purposes. Amended by Chapter 298, 2022 General Session