R357-13-1. Purpose

This rule identifies: (1) procedures by which the Governor's Office of Economic Opportunity may enter into an agreement with a qualified hotel owner for the development of a qualified hotel, and authorize and set conditions for a convention incentive; (2) minimum criteria for an agreement with a qualified hotel owner; (3) roles and responsibilities of the independent review committee; (4) procedures for calculating and paying the convention incentive; and (5) administrative procedures for the Hotel Impact Mitigation Fund.