The bill establishes the Kansas sports tourism grant program, which will be administered by the secretary of commerce. This program aims to provide matching grants to tourism or sports-related organizations to support and enhance sports tourism events in Kansas, thereby generating economic impact through out-of-state guest spending. Grants will be awarded on a $1-for-$1 matching basis with funds from sponsors and will be contingent upon a post-event analysis. The bill outlines the application process, eligibility criteria, and the types of expenses that grant funds can cover, while also specifying that certain high-profile events and expenses are excluded from funding.
Additionally, the bill creates the Kansas sports tourism program grant fund, which will be funded by transfers from the state economic development initiatives fund, with an aggregate limit of $1,500,000 in grants awarded each fiscal year. The secretary of commerce is required to submit an annual report detailing the program's impact, including the number of grants awarded, economic impacts, and hotel nights booked. The provisions of the bill will expire on June 30, 2031, at which point any remaining funds will be transferred to the state general fund.