11-71 - Major Sporting Event Venue Zones

Title 11 > 11-71

Sections (5)

General Provisions

11-71-101 - Definitions.

(1) “Accommodations and services” means an accommodation or service described in Subsection 59-12-103(1)(i).

(2) “Agency” means a community reinvestment agency established by a creating entity under Title 17C, Limited Purpose Local Government Entities - Community Reinvestment Agencies.

(3) “Committee” means a major sporting event venue zone committee convened under Title 63N, Chapter 3, Part 17, Major Sporting Event Venue Zone Act.

(4) “Creating entity” means:a municipality or county with an approved major sporting event venue zone in the jurisdictional boundaries of the municipality or county, provided that the jurisdictional boundaries of a county shall include incorporated areas within a county if the county has an ownership interest in all or a portion of the major sporting event venue; orone or more municipalities, one or more counties, or a municipality and a county that:have entered into an interlocal agreement to form a major sporting event venue zone; andhave an approved major sporting event venue zone, as described in Title 63N, Chapter 3, Part 17, Major Sporting Event Venue Zone Act.

(5) “Development” means:construction of a new major sporting event venue, including public infrastructure and improvements;demolition, reconstruction, modification, upgrade, or expansion of an existing but aging major sporting event venue, including new public infrastructure, public infrastructure upgrades, or public infrastructure and improvements; andthe planning of, arranging for, or participation in activities listed in Subsection (5)(a) or (b).

(6) “Fiscal agent” means:an agency; ora public infrastructure financing district created under Title 17D, Chapter 4, Public Infrastructure District Act.

(7) “Impacted primary area” means the same as that term is defined in Section 63N-3-1701.

(8) “Major sporting event venue zone” means the area within a municipality or county approved by a major sporting event venue zone committee, as described in Title 63N, Chapter 3, Part 17, Major Sporting Event Venue Zone Act.

(9) “Major sporting event venue zone revenue” means the same as that term is defined in Section 63N-3-1701.

(10) “Public infrastructure and improvements” means infrastructure, improvements, facilities, or buildings that:benefit the public and are owned by a public entity or a public utility; orbenefit the public and are publicly maintained or operated by a public entity; orare privately owned;benefit the public;as determined by the legislative body of the creating entity, provide a substantial benefit to the development and operation of a major sporting event venue zone; andare built according to applicable county or municipal design and safety standards.”Public infrastructure and improvements” includes:facilities, lines, or systems that provide water, sewer, storm drainage, natural gas, electricity, energy storage, clean energy, microgrids, or telecommunications service;streets, roads, curbs, gutters, sidewalks, walkways, solid waste facilities, parking facilities, rail lines, and multimodal facilities; anda transportation system or components of a transportation system.

(11) “Qualified development zone” means the same as that term is defined in Section 63N-3-1701.

(12) “Secondary project area” means the same as that term is defined in Section 63N-3-1701.

(13) “Transportation system” means the same as the term is defined in Section 63N-3-1701.

Enacted by Chapter 495, 2025 General Session

Financing

11-71-201 - Taxes within and for the benefit of a major sporting event venue zone.

(1) The legislative body of a creating entity may, by ordinance, impose within a sales and use boundary for a major sporting event venue zone:a transient room tax, as described in Section 59-12-352;a resort communities sales and use tax, as described in Section 59-12-401; andan additional resort communities sales and use tax, as described in Section 59-12-402.

(2) Revenue generated by a tax described in Subsection (1) is governed by Sections 11-71-202 and 11-71-203.

Enacted by Chapter 495, 2025 General Session

11-71-202 - Major sporting event venue zone revenue.

(1) The following are approved revenue sources for a major sporting event venue zone:property tax increment for:the major sporting event venue zone, for at least 25 years but no more than 40, as approved by the committee; andif applicable, the secondary project area, for at least 25 years but no more than 40, as approved by the committee;local sales and use tax increment for the major sporting event venue zone, for at least 25 years but no more than 40, as approved by the committee; andrevenue generated by a tax described in Section 11-71-201.

(2) Revenue generated from a source described in Subsection (1):is major sporting event venue zone revenue; andshall be administered by the creating entity or a fiscal agent designated by the creating entity.

(3) If a creating entity designates a fiscal agent to administer major sporting event venue zone revenue, the creating entity and fiscal agent shall first enter into an interlocal agreement:governing the administration, distribution, use, and management of major sporting event zone revenue; andwith terms that are consistent with this chapter and Title 63N, Chapter 3, Part 17, Major Sporting Event Venue Zone Act.

Enacted by Chapter 495, 2025 General Session

11-71-203 - Allowable uses of major sporting event venue zone revenue.

(1) A creating entity or fiscal agent shall use major sporting event venue zone revenue within, or for the direct benefit of:the major sporting event venue zone;a secondary project area, if any; andan impacted primary area, if the creating entity finds that the use of the major sporting event venue zone revenue will directly benefit the major sporting event venue.

(2) A creating entity that receives major sporting event venue zone revenue shall allocate the revenue to:development in the major sporting event venue zone, including:constructing, furnishing, maintaining, or operating a major sporting event venue;demolishing or remodeling an existing major sporting event venue, or portions of a major sporting event venue;public infrastructure and improvements supporting the major sporting event venue; andrealigning public infrastructure to better support the major sporting event venue;public infrastructure and improvements in a secondary project area, if any;public infrastructure and improvements in an impacted primary area; andmake the annual payment of principal, interest, premiums, and necessary reserves for any of the aggregate of bonds authorized under Subsection (3).

(3) A creating entity of a major sporting event venue zone may issue bonds, or cause bonds to be issued, as permitted by law, to pay all or part of the costs incurred for the purposes described in Subsections (2)(a) through (c), including the cost to issue and repay the bonds including interest.

(4) A creating entity or fiscal agent designated by a creating entity may create one or more public infrastructure districts within the major sporting event venue zone under Title 17D, Chapter 4, Public Infrastructure District Act, and pledge and utilize the major sporting event venue zone funds to guarantee the payment of public infrastructure bonds issued by a public infrastructure district.A public infrastructure district created by a creating entity may be designated a fiscal agent by the creating entity.

(5) In addition to the purposes described in Subsection (2), a creating entity or fiscal agent may also allocate major sporting event venue zone funding:to promote the major sporting event venue;to mitigate the impacts of the major sporting event venue on local services, including solid waste disposal operations, law enforcement, and road repair and road upgrades; andas described in Subsection (7).

(6) The creating entity may use major sporting event venue zone revenue to cover the costs of the creating entity to administer the major sporting event venue zone, not to exceed:2% of the total annual major sporting event venue zone revenue collected by the creating entity for the benefit of the major sporting event venue zone; orif the creating entity provides some major sporting event venue zone revenue to a fiscal agent, 2% of the total annual major sporting event zone revenue retained by the creating entity for the benefit of the major sporting event venue zone.If the creating entity provides some or all of the major sporting event venue zone revenue to a fiscal agent, the interlocal agreement described in Subsection 11-71-202(3) shall provide that the fiscal agent expends no more than 2% of the major sporting event venue zone revenue allocated by the creating entity to the fiscal agent on the fiscal agent’s administrative costs.

(7) A creating entity may provide major sporting event venue zone revenue to a person pursuant to a participation agreement or an agreement described in Section 11-71-301.

Enacted by Chapter 495, 2025 General Session

Partnership Agreements

11-71-301 - Private-public partnerships for a major sporting event venue.

(1) A person that seeks to enter into a private-public partnership with a creating entity shall provide the creating entity with an application that:demonstrates the applicant is qualified to operate, in whole or in part, a major sporting event venue; andprovides any additional information required by the creating entity.

(2) A creating entity may enter into a private-public partnership:if, after reviewing the application described in Subsection (1), the creating entity determines a private-public partnership will promote the objectives of the major sporting event venue zone; andthrough an agreement described in this section.

(3) An agreement to create a private-public partnership between a person and a creating entity:may establish or recognize an ownership interest in the major sporting event venue for the person, in consideration of the person’s financial investment in the major sporting event venue;may establish an ownership interest in the major sporting event venue for the creating entity, in consideration of the creating entity’s financial investment in the major sporting event venue zone; andmay create a lease interest for the person in the major sporting event venue.

Enacted by Chapter 495, 2025 General Session