(1)  The property and funds of an authority are declared to be public property used for essential public, governmental, and charitable purposes.

Terms Used In Utah Code 35A-8-414

  • authority: means a public body corporate and politic created by this part. See Utah Code 35A-8-401
  • project: means a work or undertaking, on contiguous or noncontiguous sites to:
(i) demolish, clear, or remove buildings from a blighted area;
(ii) provide or assist in providing decent, safe, and sanitary urban or rural dwellings, apartments, or other living accommodations for persons of medium and low income by any suitable methods, including rental, sale of individual units in single or multifamily structures under conventional condominium, cooperative sales contract, lease-purchase agreement, loans, or subsidizing of rentals or charges; or
(iii) accomplish a combination of Subsections (11)(a)(i) and (ii). See Utah Code 35A-8-401
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • Public body: means a city, county or municipal corporation, commission, district, authority, agency, subdivision, or other body of the foregoing. See Utah Code 35A-8-401
    • (2) 

    (a)  Subject to Subsections (2)(b) and (c), the property and authority are exempt from all taxes and special assessments of a public body.

    (b)  This tax exemption does not apply to any portion of a project used for a profit-making enterprise.

    (c)  In taxing these portions appropriate allowance shall be made for any expenditure by an authority for utilities or other public services it provides to serve the property.

    (3)  In lieu of taxes on its exempt property an authority may agree to make payments to a public body if the authority finds that making the payments is consistent with the maintenance of the low-rent character of housing projects and the achievement of the purposes of this part.

    Amended by Chapter 278, 2013 General Session

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