Utah Code 63H-1-403.5. Amendment to a project area plan

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.

Terms Used In Utah Code 63H-1-403.5

Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
Authority: means the Military Installation Development Authority, created under Section 63H-1-201. See Utah Code 63H-1-102
Base taxable value: means :

(a)	for military land or other land that was exempt from a property tax at the time that a project area was created that included the military land or other land, a taxable value of zero; or

(b)

for private property that is included in a project area, the taxable value of the property within any portion of the project area, as designated by board resolution, from which the property tax allocation will be collected, as shown upon the assessment roll last equalized:

(i)	before the year in which the authority creates the project area; or

(ii)

before the year in which the project area plan is amended, for property added to a project area by an amendment to a project area plan. 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

Project area plan: means a written plan that, after the plan's effective date, guides and controls the development within a project area. See Utah Code 63H-1-102

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

(2)

The provisions of this part apply to the authority’s adoption of an amendment to a project area plan to the same extent as they apply to the adoption of a project area plan.

(3)	An amendment to a project area plan does not affect the base taxable value determination for property already within the project area before the amendment.

Amended by Chapter 282, 2020 General Session

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