63N-2-511. Stay Another Day and Bounce Back Fund.
(1) As used in this section: "Bounce back fund" means the Stay Another Day and Bounce Back Fund, created in Subsection. (2) "Tourism board" means the Board of Tourism Development created in Section. 63N-7-201
(2) There is created an expendable special revenue fund known as the Stay Another Day and Bounce Back Fund.
(3) The bounce back fund shall: be administered by the Utah Office of Tourism; earn interest; and be funded by: annual payments under Sectionfrom the county in which a qualified hotel is located; 17-78-707 money transferred to the bounce back fund under Sectionor; and 63N-2-503.5 63N-2-512 any money that the Legislature chooses to appropriate to the bounce back fund.
(4) Interest earned by the bounce back fund shall be deposited into the bounce back fund.
(5) The Utah Office of Tourism may use money in the bounce back fund to pay for a tourism program of advertising, marketing, and branding of the state, taking into consideration the long-term strategic plan, economic trends, and opportunities for tourism development on a statewide basis.