Section 205 – Interlocal agreement to provide project area funds for the community reinvestment project area subject to interlocal agreement — Notice — Effective date of interlocal agreement — Time to contest interlocal agreement — Availability of interlocal agreement.
Effective 7/1/2021 17C-5-205. Interlocal agreement to provide project area funds for the community reinvestment project area subject to interlocal agreement — Notice — Effective date of interlocal agreement — Time to contest interlocal agreement — Availability of interlocal agreement. (1) An agency shall: (a) approve and adopt an interlocal agreement described in Section 17C-5-204 at […]
Section 206 – Requirement to file a copy of the interlocal agreement — County payment of tax increment.
Effective 5/10/2016 17C-5-206. Requirement to file a copy of the interlocal agreement — County payment of tax increment. (1) An agency that receives project area funds under an interlocal agreement shall, within 30 days after the day on which the interlocal agreement is effective, file a copy of the interlocal agreement with: (a) the State […]
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 113 – Expedited community reinvestment project area plan.
Effective 7/1/2021 17C-5-113. Expedited community reinvestment project area plan. (1) As used in this section: (a) “Qualified business entity” means a business entity that: (i) has a primary market for the qualified business entity’s goods or services outside of the state; and (ii) is not primarily engaged in retail sales. (b) “Tax increment incentive” means […]
Section 202 – Community reinvestment project area funding.
Effective 5/14/2019 17C-5-202. Community reinvestment project area funding. (1) (a) Beginning on May 14, 2019, and except as provided in Subsection (2), for the purpose of receiving project area funds for use within a community reinvestment project area, an agency shall negotiate and enter into an interlocal agreement with a taxing entity in accordance with […]
Section 203 – Community reinvestment project area subject to taxing entity committee — Tax increment.
Effective 5/14/2019 17C-5-203. Community reinvestment project area subject to taxing entity committee — Tax increment. (1) This section applies to a community reinvestment project area that an agency created before May 14, 2019, and that is subject to a taxing entity committee under Subsection 17C-5-202(2). (2) Subject to the taxing entity committee’s approval of a […]
Section 103 – Initiating a community reinvestment project area plan.
Effective 5/14/2019 17C-5-103. Initiating a community reinvestment project area plan. (1) Subject to Subsection (2), a board shall initiate the process of adopting a community reinvestment project area plan by adopting a survey area resolution that: (a) designates a geographic area located within the agency’s boundaries as a survey area; (b) contains a description or […]
Section 104 – Process for adopting a community reinvestment project area plan — Prerequisites — Restrictions.
Effective 5/14/2019 17C-5-104. Process for adopting a community reinvestment project area plan — Prerequisites — Restrictions. (1) An agency may not propose a community reinvestment project area plan unless the community in which the proposed community reinvestment project area plan is located: (a) has a planning commission; and (b) has adopted a general plan under: […]
Section 105 – Community reinvestment project area plan requirements.
Effective 5/14/2019 17C-5-105. Community reinvestment project area plan requirements. An agency shall ensure that each community reinvestment project area plan and proposed community reinvestment project area plan: (1) subject to Section 17C-1-414, if applicable, includes a boundary description and a map of the community reinvestment project area; (2) contains a general statement of the existing […]