Section 103 – Severability.
Effective 3/28/2020 63H-1-103. Severability. If a court determines that any provision of this chapter, or the application of any provision of this chapter, is invalid, the remainder of this chapter shall be given effect without the invalid provision or application. Enacted by Chapter 282, 2020 General Session
Section 104 – Loan approval committee — Approval of infrastructure loans.
Effective 5/4/2022 63H-1-104. Loan approval 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 that term is defined […]
Section 201 – Creation of military installation development authority — Status and powers of authority — Limitation.
Effective 5/4/2022 63H-1-201. Creation of military installation development authority — Status and powers of authority — Limitation. (1) There is created a military installation development authority. (2) The authority is: (a) an independent, nonprofit, separate body corporate and politic, with perpetual succession and statewide jurisdiction, whose purpose is to facilitate the development of land within […]
Section 202 – Applicability of other law.
Effective 5/4/2022 63H-1-202. Applicability of other law. (1) As used in this section: (a) “Subsidiary” means an authority subsidiary that is a public body as defined in Section 52-4-103. (b) “Subsidiary board” means the governing body of a subsidiary. (2) The authority or land within a project area is not subject to: (a)Title 10, Chapter […]
Section 203 – Levy of a municipal tax — Direct tax payment to MIDA.
63H-1-203. Levy of a municipal tax — Direct tax payment to MIDA. (1) A levy of a municipal energy tax, MIDA energy tax, telecommunications tax, transient room tax, or resort communities tax, including an increase in the applicable tax rate, requires the affirmative vote of: (a) the authority board; and (b) a majority of all […]