15F.202 - COMMUNITY ATTRACTION AND TOURISM PROGRAM.
15F.202 COMMUNITY ATTRACTION AND TOURISM PROGRAM.
1. The board shall establish and the department, subject to
direction and approval by the board, shall administer a community
attraction and tourism program to assist communities in the
development, creation, and regional marketing of multiple-purpose
attraction or tourism facilities. Any moneys appropriated to the
river enhancement community attraction and tourism fund created
pursuant to section 15F.205 shall be used exclusively for the
creation and enhancement of community attractions and tourism
opportunities along lakes, rivers, and river corridors in cities
across the state, but a recipient of moneys from the river
enhancement community attraction and tourism fund shall not be
precluded from receiving funds from the community attraction and
tourism fund created pursuant to section 15F.204.
2. A city or county in the state or public organization may
submit an application to the board for financial assistance for a
project under the program. The assistance shall be provided only
from funds, rights, and assets legally available to the board and
shall be in the form of grants, loans, forgivable loans, and credit
enhancement and financing instruments. The application shall
include, but not be limited to, the following information:
a. The total capital investment of the project, including but
not limited to costs for construction, site acquisition, and
infrastructure improvement.
b. The amount or percentage of local and private matching
moneys which will be or have been provided for the project.
c. The total number of jobs to be created or retained by the
project.
d. The need of the community for the project and for the
financial assistance.
e. The long-term tax-generating impact of the project.
3. A school district, in cooperation with a city or county, may
submit a joint application for financial assistance for a project
under the program. The assistance shall be provided only from funds,
rights, and assets legally available to the board and shall be in the
form of grants, loans, forgivable loans, and credit enhancement and
financing instruments. In addition to the information required in
subsection 2, the application shall include a demonstration that the
intended future use of the project shall be by both joint applicants.
Section History: Recent Form
2000 Acts, ch 1174, §8; 2001 Acts, ch 185, §37, 38, 49; 2003 Acts,
ch 160, §1; 2008 Acts, ch 1178, §5
Referred to in § 15F.106, 15F.201, 15F.204, 15F.205