63C-11-304 - Additional fees for license of promoter -- Dedicated credits -- Promotion of contests -- Annual exemption of showcase event. - Utah Statutes

63C-11-304. Additional fees for license of promoter -- Dedicated credits -- Promotionof contests -- Annual exemption of showcase event.
(1) In addition to the payment of any other fees and money due under this chapter, everypromoter shall pay a license fee determined by the commission and established in rule.
(a) License fees collected under Subsection (1)(a) from professional boxing contests orexhibitions shall be retained by the commission as a dedicated credit to be used by the commission toaward grants to organizations that promote amateur boxing in the state and cover commissionexpenses.
(b) Monies available to the commission for awarding grants to organizations that promoteamateur boxing in the state and covering commission expenses are nonlapsing for fiscal year 2009-10only.
(2) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, thecommission shall adopt rules:
(a) governing the manner in which applications for grants under Subsection (1) may besubmitted to the commission; and
(b) establishing standards for awarding grants under Subsection (1) to organizations whichpromote amateur boxing in the state.
(3) (a) For the purpose of creating a greater interest in contests in the state, the commissionmay exempt from the payment of license fees under this section one contest or exhibition in eachcalendar year, intended as a showcase event.
(b) The commission shall select the contest or exhibition to be exempted based on factorswhich include:
(i) attraction of the optimum number of spectators;
(ii) costs of promoting and producing the contest or exhibition;
(iii) ticket pricing;
(iv) committed promotions and advertising of the contest or exhibition;
(v) rankings and quality of the contestants; and
(vi) committed television and other media coverage of the contest or exhibition.

Repealed and Re-enacted by Chapter 369, 2009 General Session