Utah § 11-71-203 - Allowable uses of major sporting event venue zone revenue.
Full text of Utah Utah Code § 11-71-203 — Allowable uses of major sporting event venue zone revenue., with citation guidance and answers to common questions.
§ 11-71-203. Allowable uses of major sporting event venue zone revenue.
Effective 1/1/2026 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:
(a)
the major sporting event venue zone;
(b)
a secondary project area, if any; and
(c)
an 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:
(a)
development in the major sporting event venue zone, including:
(i)
constructing, furnishing, maintaining, or operating a major sporting event venue;
(ii)
demolishing or remodeling an existing major sporting event venue, or portions of a major sporting event venue;
(iii)
public infrastructure and improvements supporting the major sporting event venue; and
(iv)
realigning public infrastructure to better support the major sporting event venue;
(b)
public infrastructure and improvements in a secondary project area, if any;
(c)
public infrastructure and improvements in an impacted primary area; and
(d)
make 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)
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.
(b)
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:
(a)
to promote the major sporting event venue;
(b)
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; and
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:
(i)
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; or
(ii)
if 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.
(b)
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.
Section 11-71-203 ("Allowable uses of major sporting event venue zone revenue.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 11-71-203?
A common citation format is "Utah Code § 11-71-203" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 11-71-203 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
