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(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.