S.B. 211 Enrolled

OLYMPIC FINANCING AMENDMENTS
2000 GENERAL SESSION
STATE OF UTAH
Sponsor: L. Alma Mansell
AN ACT RELATING TO THE OLYMPIC WINTER GAMES OF 2002; MODIFYING THE
DATE BY WHICH CERTAIN COUNTIES OR MUNICIPALITIES RECEIVE THEIR
PROPORTIONATE SHARE OF REIMBURSEMENT OF SALES AND USE TAXES USED TO
BUILD WINTER SPORTS FACILITIES.
This act affects sections of Utah Code Annotated 1953 as follows:
AMENDS:
63A-7-113, as last amended by Chapter 133, Laws of Utah 1999
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 63A-7-113 is amended to read:
63A-7-113. Disbursement of the Olympic Special Revenue Fund.
(1) As used in this section:
(a) "Base sales and use tax amount" means the first $59,000,000 deposited in the Olympic
Special Revenue Fund under Subsection 59-12-103 (4);
(b) "Olympics Special Revenue Fund" means the fund or funds created under Subsection
59-12-103 (4); and
(c) "Proportionate share" means the percentage of the total sales and use taxes deposited
under Subsection 59-12-103 (4) that are generated by a county or municipality.
(2) Beginning on August 30, 1999, the monies in the Olympic Special Revenue Fund shall
be distributed as follows:
(a) on or before August 30, 1999, each county or municipality described in Subsections
(2)(b) and (c) shall receive the county's or municipality's proportionate share of:
(i) the sales and use taxes in excess of the base sales and use tax amount; and
(ii) interest on the amounts described in Subsection (2)(a)(i) for the period beginning on
the day on which the sales and use taxes deposited into the Olympic Special Revenue Fund equal
the base amount and ending on the day on which the disbursement is made to the county or

municipality;
(b) on or before [January] March 15, 2002, each county or municipality other than a county
or municipality described in Subsection (2)(c) shall receive the county's or municipality's
proportionate share of amounts deposited into the Olympic Special Revenue Fund by a public sports
entity as reimbursement of sales and use taxes deposited under Subsection 59-12-103 (4); and
(c) by no later than May 5, 2003, there may be distributed to any county or municipality that
has entered into an indemnification agreement with the state regarding risks related to the Winter
Olympic Games of 2002:
(i) the proportionate share of amounts deposited into the Olympic Special Revenue Fund by
a public sports entity as reimbursement of sales and use taxes deposited under Subsection
59-12-103 (4); and
(ii) interest on the amounts described in Subsection (2)(c)(i) for the period beginning on
[January] March 15, 2002, and ending on the day on which the disbursement is made to the county
or municipality; and
(d) any monies in the Olympic Special Revenue Fund after the disbursement under Subsection
(2)(c) shall be deposited in the General Fund.

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