Section 208 – Portion of property tax augmentation to be paid to authority.
Affected by 63I-1-211 on 1/1/2029 Effective 5/4/2022 11-59-208. Portion of property tax augmentation to be paid to authority. (1) As used in this section: (a) “Base taxable value” means the taxable value in the year before the transfer date. (b) “Property tax augmentation”: (i) means the amount of property tax that is the difference between: […]
Section 301 – Authority board — Delegation of power.
Affected by 63I-1-211 on 1/1/2029 Effective 5/8/2018 11-59-301. Authority board — Delegation of power. (1) The authority shall be governed by a board, which shall manage and conduct the business and affairs of the authority and shall determine all questions of authority policy. (2) All powers of the authority are exercised through the board. (3) […]
Section 302 – Number of board members — Appointment — Vacancies — Chairs.
Affected by 63I-1-211 on 1/1/2029 Effective 7/1/2021 11-59-302. Number of board members — Appointment — Vacancies — Chairs. (1) The board shall consist of 11 members as provided in Subsection (2). (2) (a) The president of the Senate shall appoint two members of the Senate to serve as members of the board. (b) The speaker […]
Section 303 – Term of board members — Quorum requirements — Compensation.
Affected by 63I-1-211 on 1/1/2029 Effective 5/8/2018 11-59-303. Term of board members — Quorum requirements — Compensation. (1) The term of each board member appointed under Subsection 11-59-302(2)(a), (b), (c), or (d) is four years, except that the initial term of half of the members appointed under Subsections 11-59-302(2)(a), (b), and (c) is two years. […]
Section 304 – Staff and other support services — Cooperation from state and local government entities.
Affected by 63I-1-211 on 1/1/2029 Effective 7/1/2021 11-59-304. Staff and other support services — Cooperation from state and local government entities. (1) As used in this section: (a) “Division” means the Division of Facilities Construction and Management, created in Section 63A-5b-301. (b) “Office” means the Governor’s Office of Economic Opportunity, created in Section 63N-1a-301. (2) […]
Section 305 – Considering recommendations of the Point of the Mountain Development Commission — Board recommendations on financing.
Affected by 63I-1-211 on 1/1/2029 Effective 5/8/2018 11-59-305. Considering recommendations of the Point of the Mountain Development Commission — Board recommendations on financing. (1) In fulfilling its responsibilities under this chapter and in accomplishing the purposes of the authority under this chapter, the board shall: (a) consider the recommendations of the Point of the Mountain […]
Section 202 – Authority powers.
Affected by 63I-1-211 on 1/1/2029 Effective 5/4/2022 11-59-202. Authority powers. (1) The authority may: (a) as provided in this chapter, plan, manage, and implement the development of the point of the mountain state land, including the ongoing operation of facilities on the point of the mountain state land; (b) undertake, or engage a consultant to […]
Section 203 – Authority duties and responsibilities.
Affected by 63I-1-211 on 1/1/2029 Effective 6/1/2022 11-59-203. Authority duties and responsibilities. (1) As the authority plans, manages, and implements the development of the point of the mountain state land, the authority shall pursue development strategies and objectives designed to: (a) maximize the creation of high-quality jobs and encourage and facilitate a highly trained workforce; […]
Section 103 – Scope of chapter — Limit on selling or leasing point of the mountain state land — No effect on prison operations.
Affected by 63I-1-211 on 1/1/2029 Effective 5/8/2018 11-59-103. Scope of chapter — Limit on selling or leasing point of the mountain state land — No effect on prison operations. (1) This chapter governs the management of the point of the mountain state land, and the process of planning, managing, and implementing the development of the […]
Section 104 – Loan committee — Approval of infrastructure loans.
Affected by 63I-1-211 on 1/1/2029 Effective 5/4/2022 11-59-104. Loan committee — Approval of infrastructure loans. (1) As used in this section: (a) “Borrower” means the same as that term is defined in Section 63A-3-401.5. (b) “Infrastructure loan” means the same as that term is defined in Section 63A-3-401.5. (c) “Infrastructure project” means the same as […]