Section 302 – Procedure for adopting a community reinvestment project area budget — Contesting the budget — Time limit.

Effective 5/10/2016 17C-5-302. Procedure for adopting a community reinvestment project area budget — Contesting the budget — Time limit. (1) An agency shall adopt a community reinvestment project area budget in accordance with this part. (2) To adopt a community reinvestment project area budget, an agency shall: (a) prepare a proposed community reinvestment project area […]

Section 303 – Community reinvestment project area budget — Requirements.

Effective 5/10/2016 17C-5-303. Community reinvestment project area budget — Requirements. A community reinvestment project area budget shall include: (1) if the agency receives tax increment: (a) the base taxable value; (b) the projected amount of tax increment to be generated within the community reinvestment project area; (c) each project area funds collection period; (d) if […]

Section 304 – Consent of each taxing entity or taxing entity committee required for community reinvestment project area budget.

Effective 5/10/2016 17C-5-304. Consent of each taxing entity or taxing entity committee required for community reinvestment project area budget. Before an agency may collect any project area funds from a community reinvestment project area, the agency shall obtain consent for each community reinvestment project area budget from: (1) for a community reinvestment project area that […]

Section 305 – Filing a copy of the community reinvestment project area budget.

Effective 5/10/2016 17C-5-305. Filing a copy of the community reinvestment project area budget. Within 30 days after the day on which an agency adopts a community reinvestment project area budget, the agency shall file a copy of the community reinvestment project area budget with: (1) the State Tax Commission; (2) the State Board of Education; […]

Section 306 – Amending a community reinvestment project area budget.

Effective 5/5/2021 17C-5-306. Amending a community reinvestment project area budget. (1) Except as provided in Section 17C-1-1002 and before a project area funds collection period ends, an agency may amend a community reinvestment project area budget in accordance with this section. (2) To amend a community reinvestment project area budget, an agency shall: (a) provide […]

Section 307 – Allocating project area funds for housing.

Effective 5/14/2019 17C-5-307. Allocating project area funds for housing. (1) Except as provided in Subsection (4), an agency shall allocate the agency’s project area funds for housing in accordance with this section. (2) (a) For a community reinvestment project area that is subject to a taxing entity committee, an agency shall allocate at least 20% […]