Rep. Norm Thurston — Voting Record

Bill

Number

S.B. 118 First Substitute (2020GS)

Sponsor

Sen. Anderegg, J.

Final action

Governor Signed 3/28/2020

Outcome

Became law — signed by Gov. Gary R. Herbert

Summary

What it does

• This bill:
• describes the requirements and post-performance requirements for an entity to qualify for money from the Industrial Assistance Account related to holding an annual conference or festival; and
• makes technical changes.

Every vote on this bill

Bill text

INDUSTRIAL ASSISTANCE ACCOUNT AMENDMENTS
GENERAL SESSION
STATE OF UTAH
Chief Sponsor: Jacob L. Anderegg
House Sponsor: 
A. Cory Maloy
LONG TITLE
General Description:
This bill modifies provisions regarding the use of money from the Industrial Assistance
Account.
Highlighted Provisions:
This bill:
▸ describes the requirements and post-performance requirements for an entity to
qualify for money from the Industrial Assistance Account related to holding an
annual conference or festival; and
▸ makes technical changes.
Money Appropriated in this Bill:
None
Other Special Clauses:
None
Utah Code Sections Affected:
AMENDS:
63N-3-109
, as last amended by Laws of Utah 2019, Chapter 483
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 
63N-3-109
 is amended to read:
63N-3-109.
Financial assistance to entities offering economic opportunities.
(1) Subject to the duties and powers of the board under Section 
63N-1-402
, the
administrator may provide money from the Industrial Assistance Account to an entity offering
an economic opportunity if that entity:
(a) applies to the administrator in a form approved by the administrator; and
(b) meets the qualifications of Subsection (2).
(2) As part of an application for receiving money under this section, an applicant shall:
(a) demonstrate to the satisfaction of the administrator the nature of the economic
opportunity and the related benefit to the economic well-being of the state by providing
evidence documenting the logical and compelling linkage, either direct or indirect, between the
expenditure of money necessitated by the economic opportunity and the likelihood that the
state's tax base, regions of the state's tax base, or specific components of the state's tax base
will not be reduced but will be maintained or enlarged;
(b) demonstrate how the funding request will act in concert with other state, federal, or
local agencies to achieve the economic benefit;
(c) demonstrate how the funding request will act in concert with free market principles;
(d) satisfy other criteria the administrator considers appropriate;
(e) if the applicant meets the requirements of Subsection (2)(f)(i):
(i) demonstrate that the funding request will be used primarily to reimburse [
the
] 
an
applicant for expenses related to a program of marketing and branding for an annual conference
[
for the high tech sector
] 
or festival
 with at least 10,000 attendees that is held on or after
January 1, 2019; and
(ii) demonstrate that [
the
] 
an
 annual conference 
or festival
 described in Subsection
(2)(f)(i) 
has
 met post-performance requirements designated by the administrator [
regarding
]
, in
coordination with the organizer of an annual conference or festival, which shall include metrics
and reporting requirements related to
:
[
(A) business leads generated by the conference;
]
[
(B) total attendance at the conference;
]
[
(C) the number of out-of-state attendees at the conference;
]
[
(D) the number of out-of-state businesses represented at the conference; and
]
[
(E) documentation of marketing and advertising money spent outside of the state for
the conference; and
]
(A) attendance;
(B) revenue;
(C) expenses;
(D) economic impact to the state;
(E) sponsorships; and
(F) conference or festival objectives; and
(f) be either:
(i) an entity whose purpose is to exclusively or substantially promote, develop, or
maintain the economic welfare and prosperity of the state as a whole, regions of the state, or
specific components of the state, including an entity [
that is a nonprofit organization engaged
in publicizing, developing, and promoting the high tech sector in the state through activities
that include organizing and hosting
] 
that hosts
 an annual conference [
for the high tech sector
]
or festival
 with at least 10,000 attendees; or
(ii) a company or individual that meets the requirements of Subsections (2)(a) through
(d) but does not otherwise qualify under Section 
63N-3-105
.
(3) Subject to the duties and powers of the board under Section 
63N-1-402
, the
administrator shall:
(a) make findings as to whether an applicant has satisfied each of the conditions
described in Subsection (2);
(b) establish benchmarks and timeframes in which progress toward the completion of
the agreed upon activity is to occur;
(c) monitor compliance by an applicant with any contract or agreement entered into by
the applicant and the state as provided by Section 
63N-3-107
; [
and
]
(d) make funding decisions based upon appropriate findings and compliance[
.
]
; and
(e) in cooperation with each entity that has received money from the Industrial
Assistance Account in accordance with Subsection (2)(e), provide a written report on or before
October 1 of each year describing the total amount of money provided by the state for each
annual conference or festival during the year and the total cost from all sources of holding each
annual conference or festival during the year to the:
(i) office for inclusion in the office's annual report described in Section 
63N-1-301
; and
(ii) Economic Development and Workforce Services Interim Committee.