(13) Notwithstanding Subsection (3)(a), beginning the second fiscal year after the fiscal year
during which the Division of Finance receives notice under Subsection 63M-1-3410(3) that construction
on a qualified hotel, as defined in Section 63M-1-3402, has begun, the Division of Finance shall, for two
consecutive fiscal years, annually deposit $1,900,000 of the revenue generated by the taxes listed under
Subsection (3)(a) into the Hotel Impact Mitigation Fund, created in Section 63M-1-3412.
546
{
(13)
}
(14)
Notwithstanding Subsections (4) through
{
(12)
}
(13)
, an amount required
to be expended
547
or deposited in accordance with Subsections (4) through
{
(12)
}
(13)
may not include an amount the
2. Page
18, Line 549 through Page 19, Line 554
:
549
{
(14) Notwithstanding Subsection (3)(a), beginning the second fiscal year after the
550
fiscal year during which the Division of Finance receives notice under Subsection
551
63M-1-3410
(3) that construction on a qualified hotel, as defined in Section
63M-1-3402
, has
552
begun, the Division of Finance shall, for two consecutive fiscal years, annually deposit
553
$1,900,000 of the revenue generated by the taxes listed under Subsection (3)(a) into the Hotel
554
Impact Mitigation Fund, created in Section
63M-1-3412
.
}
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