Section 201 – Winter Sports Venue Grant Fund.

• (1)
  • (a) There is created an expendable special revenue fund known as the “Winter Sports Venue Grant Fund.”
  • (b) The fund shall consist of:
    • (i) money appropriated to the fund by the Legislature;
    • (ii) money donated to the fund from public or private individuals or entities; and
    • (iii) interest on fund money.

• (2) The division shall award grants from the fund to a venue operator to provide funding for construction, repairs, and improvements to a venue.

• (3) A venue operator’s application for a grant under this section shall include:
  • (a) the number of venues the venue operator plans to construct, repair, or improve;
  • (b) the venue operator’s proposed improvements, repairs, or construction plans for a venue;
  • (c) the estimated cost of the venue operator’s proposed improvements, repairs, or construction plans for a venue;
  • (d) any plan to use funding sources in addition to a grant under this section to improve, repair, or construct a venue;
  • (e) the amount of grant money requested to fund the improvements, repairs, or construction for each venue; and
  • (f) existing or planned contracts or partnerships between the venue operator and other individuals or entities to complete venue improvements, repairs, or construction.

• (4) The division may only award and distribute fund money to a venue operator that submits an application in accordance with Subsection (3).

• (5)
  • (a) As a condition of an award of grant money, the venue operator shall sign an agreement with the division governing:
    • (i) the venue operator’s responsibilities for expending the grant money; and
    • (ii) the division’s and state’s right to review and audit the venue operator’s use of grant money and the venue operator’s performance under the grant.
  • (b) The division shall ensure that the agreement contains:
    • (i) a requirement for an annual report and the required contents of that report in accordance with Subsection (6)(b);
    • (ii) a right for the division or its designee to visit and inspect the venue as often as needed before, during, and after construction, repairs, or improvements begin or are complete; and
    • (iii) an absolute right for the division, the state auditor, and the legislative auditor to access and audit all financial records relevant to the grant.

• (6)
  • (a) A venue operator that receives fund money under this section may only use the grant money to improve, repair, or construct a venue.
  • (b) A venue operator that receives fund money under this section shall file a report with the division before October 1, 2019, and each year thereafter, that details for the immediately preceding calendar year:
    • (i) the construction, improvements, and repairs, in process or completed, that were wholly or partially funded by a grant under this section;
    • (ii) the total dollar amount expended from the grant;
    • (iii) an itemized accounting that describes how the venue operator expended the grant money;
    • (iv) the intended use for grant money that has not been expended; and
    • (v) the results of any evaluations of venue construction, improvements, or repairs.

Enacted by Chapter 253, 2018 General Session