1. (1) In addition to the payment of any other fees and money due under this chapter, a promoter shall pay a license fee and, if applicable, a broadcast revenue fee determined by the commission and established in rule.
2. (2) Fees collected by the commission under this section shall be retained by the commission as a dedicated credit to be used by the commission to award grants to organizations that promote amateur boxing in the state and cover commission expenses.

3. (3) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commission shall adopt rules:

   1. (a) governing the manner in which applications for grants under Subsection (2) may be submitted to the commission; and
   2. (b) establishing standards for awarding grants under Subsection (2) to organizations which promote amateur boxing in the state.

4. (4)

   1. (a) For the purpose of creating a greater interest in contests in the state, the commission may exempt from the payment of license fees under this section one contest or exhibition in each calendar year, intended as a showcase event.

   2. (b) The commission shall select the contest or exhibition to be exempted based on factors which include:

      1. (i) attraction of the optimum number of spectators;
      2. (ii) costs of promoting and producing the contest or exhibition;
      3. (iii) ticket pricing;
      4. (iv) committed promotions and advertising of the contest or exhibition;
      5. (v) rankings and quality of the contestants; and
      6. (vi) committed television and other media coverage of the contest or exhibition.

Amended by Chapter 160, 2023 General Session