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Senate Engrossed House Bill |
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State of Arizona House of Representatives Fifty-second Legislature Second Regular Session 2016
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CHAPTER 366
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HOUSE BILL 2495 |
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AN ACT
Amending Title 41, chapter 19, article 1, Arizona Revised Statutes, by adding section 41‑2308; appropriating monies; relating to the office of tourism.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 41, chapter 19, article 1, Arizona Revised Statutes, is amended by adding section 41-2308, to read:
41-2308. Special sporting events; promotion and marketing; report; appropriation; definitions
A. Beginning from and after June 30, 2021, the state treasurer shall pay from monies appropriated pursuant to this section one million five hundred thousand dollars per fiscal year, in twelve equal monthly installments, to the office of tourism for the purposes described in this section. The office of tourism shall deposit the monies in a separate fund and shall use the monies to promote and market a special sporting event at a host facility. On or before October 1 of each year, the office of tourism shall report to the joint legislative budget committee the amounts and purposes of all expenditures made pursuant to this subsection in the previous fiscal year.
B. The treasurer may make the payments prescribed in subsection A of this section if the special sporting event project cost incurred from and after December 31, 2016 is at least one hundred million dollars.
C. The host facility shall report to the joint legislative budget committee and the governor's office of strategic planning and budgeting that it has incurred the special sporting event project cost prescribed in subsection B of this section on or before December 31, 2020. The joint legislative budget committee shall certify the expenditures reported by the host facility.
D. If the requirements of subsections B and C of this section are met, The sum of one million five hundred thousand dollars is appropriated annually from the state general fund to the state treasurer for the purposes of this section beginning in fiscal year 2021‑2022 and ending in fiscal year 2050‑2051.
E. For the purposes of this section:
1. "Host facility" means a complex facility in this state that has fixed seating, that requires a ticket for admission for viewing a sporting event and that was chosen to host a special sporting event by a site selection organization through a competitive selection process that included consideration of at least one facility that is not located in this state.
2. "Special sporting event" means a sporting event that is sanctioned by a nationally recognized premier national auto racing series governing body that establishes an annual schedule of sporting events and grants rights to conduct the events, that has established and administers rules and regulations governing all participants involved in the events and all persons conducting the events and that requires certain liability assurances, including insurance.
3. "Special sporting event project" means:
(a) The acquisition of land subject to property tax in this state to construct a host facility for a special sporting event.
(b) The construction, reconstruction, improvement or renovation of improvements to land subject to property tax in this state of a host facility for a special sporting event.
4. "Special sporting event project cost" means the monies spent from and after December 31, 2016 by the owner of the host facility on the special sporting event project.
APPROVED BY THE GOVERNOR MAY 19, 2016.
FILED IN THE OFFICE OF THE SECRETARY OF STATE MAY 19, 2016.