R357-13-5. Independent Review Committee

The independent review committee may: (1) make recommendations to the Office regarding appropriate terms and conditions for an agreement with a qualified hotel; (2) consult with the Office regarding compliance with the; (a) conditions, contingencies, and requirements related to the convention incentive: (b) proof of new tax revenue to support an application or claim for a convention incentive; and (c) proof of reduction of the tax credit by $1,900,000 for the first two years of the project; (3) specify the maximum dollar amount that the incentive recipient may receive for each application; and (4) review documentation to ensure that incentives are being used for the purposes set forth in Section 63N-2-513.