§ 7-88-113. Qualified Public Use Facility as Project
A qualified public use facility shall be deemed to be within the term “project” as defined in § 7-53-101. In addition to the powers under chapter 53 of this title, any local government having jurisdiction over any part of a qualified public use facility is authorized to use tax increment financing for such project costs […]
§ 7-88-114. Application
This part shall apply to: Tourism development zones existing as of April 27, 2018; and Tourism development zones approved by the state building commission no later than December 31, 2018, that are created pursuant to a letter of intent or application filed as of June 26, 2007. No tourism development zones shall be created after […]
§ 7-88-116. Involvement of Minority-Owned Business
For the purposes of this section, unless the context otherwise requires: “Covered qualified public use facility” means a qualified public use facility that elects to qualify as a qualified public use facility under § 7-88-103(7)(A)(ii) or (7)(A)(iii). “Covered qualified public use facility” also means a qualified public use facility created after January 1, 2007, in […]
§ 7-88-117. Fee on Sales of Services and Tangible Personal Property Within Central Business Improvement District Within Tourism Development Zone
Notwithstanding any law to the contrary, any metropolitan government which has created a tourism development zone pursuant to this chapter and which tourism development zone completely includes one (1) or more central business improvement districts, may, by resolution of its governing body, impose an additional fee on the sales price of services and tangible personal […]
§ 7-88-107. Limitations on Indebtedness
Any bonds, notes or other indebtedness relative to the cost of a qualified public use facility shall not be issued for a term longer than thirty (30) years from the date it is reasonably anticipated that the facility will commence operation as a public use facility, and the municipality or public authority is authorized to […]
§ 7-88-108. Qualified Public Use Facility — Application for Certification — Review — Cost Summary — Commencement of Tax Apportionment and Distribution
To be entitled to receive the allocations of state and local sales and use taxes as provided in this chapter, a municipality or public authority must first file with the department of finance and administration an application seeking certification of the tourism development zone and the planned public use facility as a qualified public use […]
§ 7-88-109. Proposed Debt Amortization Schedule
Prior to the issuance of any bonds to finance the cost of a qualified public use facility that will be repaid in whole or in part from apportionments under this chapter, the municipality or public authority issuing such bonds shall submit a proposed debt amortization schedule for such bonds to the commissioner of finance and […]
§ 7-88-110. Rules and Regulations
The department of revenue and the department of finance and administration are authorized to adopt rules and regulations in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, to implement this chapter. The state building commission is authorized to adopt procedures to implement this chapter.
§ 7-87-111. Powers of Municipalities With Regard to Port Authorities
Any municipality or municipalities with respect to which the authority has been created has all necessary powers in order to further the purposes of this chapter, including, but not limited to, the following, any or all of which powers may be exercised by resolution of its governing body: Advance, donate or lend money or real […]
§ 7-87-112. Dissolution of an Authority
Whenever the governing body of the municipality or municipalities with respect to which the authority has been created shall, by resolution, determine that the purposes for which the authority was created have been substantially accomplished, that all of the bonds and other obligations of the authority have been fully paid, and that such municipality has […]