§ 143B-437.113.  Applications; reports; study.

(a) Application. - A local entity shall apply to the Department for a grant on a form prescribed by the Department that includes at least all of the following:

(1) The name or nature of the major event.

(2) A complete listing of all local entities associated with the application.

(3) To the extent known by the local entity, information concerning other locations, including locations in other states and countries, being considered for the major event and the nature of any governmental assistance available to support the major event were it to be located in one of those locations.

(4) Information concerning any other State or local government assistance for which the local entity is applying or that it has an expectation of receiving.

(5) Any other information necessary for the Department to evaluate the application.

(b) Annual Reports. - The Department shall publish a report on the Fund on or before April 30 of each year. The Department shall submit the report electronically to the House of Representatives Finance Committee, the Senate Finance Committee, the House of Representatives Appropriations Subcommittee on Natural and Economic Resources, the Senate Appropriations Committee on Natural and Economic Resources, and the Fiscal Research Division. The report shall include all of the following:

(1) A listing of each grant awarded under this Part during the preceding calendar year.

(2) An update on the status of major events for which grants have been awarded but that have not yet occurred.

(3) For the first annual report after adoption of the guidelines developed by the Department to implement this Part, a copy of the guidelines, and for subsequent reports, identification of any changes to those guidelines from the previous annual report.

(4) The geographic distribution of grants, by number and amount, awarded under the program.

(5) A listing of all local entities making an application under this Part and an explanation of whether a site selection organization located the major event in this State regardless of whether a grant for the event was awarded under this Part.

(c) Study. - The Department shall conduct a study to determine the minimum funding level required to implement the Fund successfully. The Department shall report the results of this study to the House of Representatives Finance Committee, the Senate Finance Committee, the House of Representatives Appropriations Subcommittee on Natural and Economic Resources, the Senate Appropriations Committee on Natural and Economic Resources, and the Fiscal Research Division no later than April 1 of each year. (2023-42, s. 2.)