Section 204 – Applicability of other law — Coordination with municipality.
Affected by 63I-1-211 on 1/1/2029 Effective 5/5/2021 11-59-204. Applicability of other law — Coordination with municipality. (1) The authority and the point of the mountain state land are not subject to: (a)Title 10, Chapter 9a, Municipal Land Use, Development, and Management Act; or (b) the jurisdiction of a local district under Title 17B, Limited Purpose […]
Section 205 – Authority funds.
Affected by 63I-1-211 on 1/1/2029 Effective 5/4/2022 11-59-205. Authority funds. (1) Authority funds consist of all money that the authority receives from any source, including: (a) money appropriated by the Legislature; (b) money from lease revenue; (c) revenue from fees or other charges imposed by the authority; and (d) other money paid to or acquired […]
Section 206 – Energy sales and use tax.
Affected by 63I-1-211 on 1/1/2029 Effective 5/4/2022 11-59-206. Energy sales and use tax. (1) As provided in Subsection 10-1-304(1)(c), the authority may by resolution levy an energy sales and use tax, under Title 10, Chapter 1, Part 3, Municipal Energy Sales and Use Tax Act, on an energy supplier, as defined in Section 10-1-303, that […]
Section 207 – Annual fee in lieu of property tax.
Affected by 63I-1-211 on 1/1/2029 Effective 5/4/2022 11-59-207. Annual fee in lieu of property tax. (1) As used in this section: (a) “Annual fee” means a fee: (i) that is levied and collected each year, as provided in this section; and (ii) in an amount that is the equivalent of the cumulative real property tax […]
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 201 – Creation of Point of the Mountain State Land Authority — Status and duties of authority.
Affected by 63I-1-211 on 1/1/2029 Effective 5/8/2018 11-59-201. Creation of Point of the Mountain State Land Authority — Status and duties of authority. (1) There is created the Point of the Mountain State Land Authority. (2) The authority is: (a) an independent, nonprofit, separate body corporate and politic, with perpetual succession, whose purpose is to […]
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; […]