11-71-301. Private-public partnerships for a major sporting event venue.
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/ut/title-11/chapter-71/11-71-301A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 1/1/2026
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:
(a)demonstrates the applicant is qualified to operate, in whole or in part, a major sporting event venue; and
(b)provides any additional information required by the creating entity.
(2)A creating entity may enter into a private-public partnership:
(a)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; and
(b)through an agreement described in this section.
(3)An agreement to create a private-public partnership between a person and a creating entity:
(a)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;
(b)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; and
(c)may create a lease interest for the person in the major sporting event venue.
Enacted by Chapter 495 , 2025 General Session