17C-5-305.  Filing a copy of the community reinvestment project area budget.
     Within 30 days after the day on which an agency adopts a community reinvestment project area budget, the agency shall file a copy of the community reinvestment project area budget with:

(1)  the State Tax Commission;

Terms Used In Utah Code 17C-5-305

  • Board: means the governing body of an agency, as described in Section 17C-1-203. See Utah Code 17C-1-102
  • Community: means a county or municipality. See Utah Code 17C-1-102
  • Project area: means the geographic area described in a project area plan within which the project area development described in the project area plan takes place or is proposed to take place. See Utah Code 17C-1-102
  • Project area budget: means a multiyear projection of annual or cumulative revenues and expenses and other fiscal matters pertaining to a project area prepared in accordance with:
(a) for an urban renewal project area, Section 17C-2-201;
(b) for an economic development project area, Section 17C-3-201;
(c) for a community development project area, Section 17C-4-204; or
(d) for a community reinvestment project area, Section 17C-5-302. See Utah Code 17C-1-102
  • Project area funds: means tax increment or sales and use tax revenue that an agency receives under a project area budget adopted by a taxing entity committee or an interlocal agreement. See Utah Code 17C-1-102
  • State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
  • Taxing entity: means a public entity that:
    (a) levies a tax on property located within a project area; or
    (b) imposes a sales and use tax under Title 59, Chapter 12, Sales and Use Tax Act. See Utah Code 17C-1-102
    (2)  the State Board of Education;

    (3)  the state auditor;

    (4)  the auditor of the county in which the community reinvestment project area is located; and

    (5)  each taxing entity affected by the agency’s collection of project area funds under the community reinvestment project area budget.

    Enacted by Chapter 350, 2016 General Session