Section 403 – Notice of project area plan adoption — Effective date of plan — Contesting the formation of the plan.
Effective 7/1/2021 63H-1-403. Notice of project area plan adoption — Effective date of plan — Contesting the formation of the plan. (1) Upon the effective date of a project area plan, the board shall provide notice as provided in Subsection (1)(b) by publishing or causing to be published legal notice: (a) in a newspaper of […]
Section 403.5 – Amendment to a project area plan.
Effective 3/28/2020 63H-1-403.5. Amendment to a project area plan. (1) The authority may amend a project area plan by following the same procedure under this part as applies to the adoption of a project area plan. (2) The provisions of this part apply to the authority’s adoption of an amendment to a project area plan […]
Section 405 – Project area budget.
Effective 3/28/2020 63H-1-405. Project area budget. (1) Before the authority may receive or use the property tax allocation, the authority board shall prepare and adopt a project area budget. (2) The authority board may amend an adopted project area budget as and when the authority board considers it appropriate. (3) If the authority adopts a […]
Section 501 – Authority receipt and use of property tax allocation — Contractual annual payment — Distribution of property tax allocation.
Effective 5/4/2022 63H-1-501. Authority receipt and use of property tax allocation — Contractual annual payment — Distribution of property tax allocation. (1) (a) The authority may: (i) subject to Subsection (1)(b): (A) receive up to 75% of the property tax allocation for up to 25 years, as provided in this part; and (B) after the […]
Section 502 – Allowable uses of property tax allocation and other funds.
Effective 5/4/2022 63H-1-502. Allowable uses of property tax allocation and other funds. (1) Other than municipal services revenue, the authority may use the property tax allocation and other funds available to the authority: (a) for any purpose authorized under this chapter; (b) for administrative, overhead, legal, and other operating expenses of the authority; (c) to […]
Section 301 – Authority board — Delegation of power.
Effective 5/4/2022 63H-1-301. 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) The board may by resolution […]
Section 302 – Number of board members — Appointment.
Effective 5/14/2019 63H-1-302. Number of board members — Appointment. (1) The authority’s board shall consist of seven members. (2) The governor shall appoint five members of the board as follows: (a) one member shall be appointed who is interested in supporting military efforts in the state; (b) subject to Subsection (4)(d), three members shall be […]
Section 303 – Term of board members.
63H-1-303. Term of board members. (1) The term of board members is four years, except that the term of the members of the initial board shall be staggered so that the term of approximately half the board members expires every two years. (2) Each board member shall serve until a successor is duly appointed and […]
Section 401 – Preparation of project area plan — Required contents of project area plan.
Effective 5/4/2022 63H-1-401. Preparation of project area plan — Required contents of project area plan. (1) (a) The authority board shall adopt a project area plan as provided in this part. (b) In order to adopt a project area plan, the authority board shall: (i) prepare a draft project area plan; (ii) give notice as […]
Section 402 – Public meeting to consider and discuss draft project area plan — Notice — Adoption of plan.
63H-1-402. Public meeting to consider and discuss draft project area plan — Notice — Adoption of plan. (1) The authority board shall hold at least one public meeting to consider and discuss the draft project area plan. (2) At least 10 days before holding a public meeting under Subsection (1), the authority board shall give […]