Effective 5/5/2021 17C-1-1002. Transferring project area incremental revenue — Agency may levy a property tax. (1) An agency and an eligible taxing entity may enter into an interlocal agreement for the purpose of transferring all or a portion of the eligible taxing entity’s project area incremental revenue. (2) An agency shall ensure that an interlocal […]
Effective 5/5/2021 17C-1-1003. Interlocal agreement — Notice requirements — Effective date. (1) An agency that enters into an interlocal agreement under Section 17C-1-1002 shall: (a) adopt the interlocal agreement at an open and public meeting; and (b) provide a notice, in accordance with Subsections (2) and (3), titled “Authorization to Levy a Property Tax.” (2) […]
Effective 5/5/2021 17C-1-1004. Plan hearing — Implementation plan — Use of an agency’s property tax revenue — Eminent domain. (1) Before an agency may levy a property tax, an agency board shall hold a plan hearing in accordance with Chapter 1, Part 8, Hearing and Notice Requirements, to: (a) adopt an implementation plan that: (i) […]
Effective 5/5/2021 17C-1-1005. Agency property tax levy — Budget — Accounting for property tax revenue. (1) (a) Each agency that levies and collects property tax under this part shall levy and collect the property tax in accordance with Title 59, Chapter 2, Property Tax Act. (b) Except as provided in Subsection (1)(c), an agency, at […]
