This rule identifies the following: 1) procedures by which the Governor's Office of Economic Development 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 under the New Convention Facility Development Incentive Act; 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.