Utah Code 63H-1-503. Use of municipal services revenue

(1)

The authority may use municipal services revenue to pay for:

Terms Used In Utah Code 63H-1-503

Authority: means the Military Installation Development Authority, created under Section 63H-1-201. See Utah Code 63H-1-102
Municipal services revenue: means revenue that the authority:

(a)

collects from the authority's:

(i)	levy of a municipal energy tax;

(ii)	levy of a MIDA energy tax;

(iii)

levy of a telecommunications tax;

(iv)	imposition of a transient room tax; and

(v)	imposition of a resort communities tax;

(b)	receives under Subsection 59-12-205(2)(a)(ii)(B); and

(c)

receives as dedicated tax collections. See Utah Code 63H-1-102

Project area: means the land, including military land, whether consisting of a single contiguous area or multiple noncontiguous areas, described in a project area plan or draft project area plan, where the development project set forth in the project area plan or draft project area plan takes place or is proposed to take place. See Utah Code 63H-1-102

Property: includes both real and personal property. See Utah Code 68-3-12.5

Property tax: includes a privilege tax imposed under Title 59, Chapter 4, Privilege Tax, except as described in Subsection (20)(b), and each levy on an ad valorem basis on tangible or intangible personal or real property. See Utah Code 63H-1-102

Remaining municipal services revenue: means municipal services revenue that the authority has not:

(a)	spent during the authority's fiscal year for municipal services as provided in Subsection 63H-1-503(1); or

(b)	redirected to use in accordance with Subsection 63H-1-502(3). See Utah Code 63H-1-102
(a)	administrative, overhead, legal, and other operating expenses of the authority; and

(b)	municipal services within the project area from which the revenue was collected.

(2)

Unless otherwise provided by agreement between the authority and each county and municipality levying a property tax on property within a project area, the authority shall distribute any remaining municipal services revenue equally among all counties and municipalities that levy a property tax on property within a project area.

Enacted by Chapter 92, 2009 General Session

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