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 and creation of multiple-purpose attraction or tourism facilities.
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 in the form of grants, loans, forgivable loans, and loan guarantees. 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 in the form of grants, loans, forgivable loans, and loan guarantees. 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.
2000 Acts, ch 1174, §8
Referred to in § 15F.106, 15F.201, 15F.204
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