Terms Used In Utah Code > Title 17C > Chapter 2 > Part 2 - Urban Renewal Project Area Budget

• Adjudicative proceeding: means :Utah Code 68-3-12.5
• 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.
• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Base taxable value: means , unless otherwise adjusted in accordance with provisions of this title, a property's taxable value as shown upon the assessment roll last equalized during the base year. See Utah Code 17C-1-102
• Board: means the Board of Oil, Gas, and Mining. See Utah Code 40-6-2
• Board: means the governing body of an agency, as described in Section 17C-1-203. See Utah Code 17C-1-102
• Budget hearing: means the public hearing on a proposed project area budget required under Subsection 17C-2-201(2)(d) for an urban renewal project area budget, Subsection 17C-3-201(2)(d) for an economic development project area budget, or Subsection 17C-5-302(2)(e) for a community reinvestment project area budget. See Utah Code 17C-1-102
• City: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5
• Combined incremental value: means the combined total of all incremental values from all project areas, except project areas that contain some or all of a military installation or inactive industrial site, within the agency's boundaries under project area plans and project area budgets at the time that a project area budget for a new project area is being considered. See Utah Code 17C-1-102
• Community: means a county or municipality. See Utah Code 17C-1-102
• Contest: means to file a written complaint in the district court of the county in which the agency is located. See Utah Code 17C-1-102
• Conviction: A judgement of guilt against a criminal defendant.
• Correlative rights: means the opportunity of each owner in a pool to produce the owner's just and equitable share of the oil and gas in the pool without waste. See Utah Code 40-6-2
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Development impediment: means a condition of an area that meets the requirements described in Section 17C-2-303 for an urban renewal project area or Section 17C-5-405 for a community reinvestment project area. See Utah Code 17C-1-102
• Division: means the Division of Oil, Gas, and Mining. See Utah Code 40-6-2
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Gas: means natural gas, as defined in Subsection (10), natural gas liquids, as defined in Subsection (11), other gas, as defined in Subsection (17), or any mixture of them. See Utah Code 40-6-2
• Inactive industrial site: includes a perimeter of up to 1,500 feet around the land described in Subsection (31)(a). See Utah Code 17C-1-102
• Income targeted housing: means housing that is owned or occupied by a family whose annual income is at or below 80% of the median annual income for a family within the county in which the housing is located. See Utah Code 17C-1-102
• Incremental value: means a figure derived by multiplying the marginal value of the property located within a project area on which tax increment is collected by a number that represents the adjusted tax increment from that project area that is paid to the agency. See Utah Code 17C-1-102
• Land: includes :Utah Code 68-3-12.5
• Lien: A claim against real or personal property in satisfaction of a debt.
• Loan fund board: means the Olene Walker Housing Loan Fund Board, established under 5. See Utah Code 17C-1-102
• Oil: includes tar sands produced at the wellhead in liquid form through enhanced recovery operations authorized by the board in accordance with Subsection 40-6-5(3)(c). See Utah Code 40-6-2
• Oil and gas operations: means to explore for, develop, or produce oil and gas. See Utah Code 40-6-2
• Operator: means a person who has been designated by the owners or the board to operate a well or unit. See Utah Code 40-6-2
• Owner: means a person who has the right:

  (a)	to drill into and produce from a reservoir; and

  (b)

  to appropriate the oil and gas produced for that person or for that person and others. See Utah Code 40-6-2 Person: means the same as that term is defined in Section 68-3-12. See Utah Code 40-6-2 Person: means :Utah Code 68-3-12.5 Pool: means an underground reservoir containing a common accumulation of oil or gas or both. See Utah Code 40-6-2 Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5 Product: means any commodity made from oil and gas. See Utah Code 40-6-2 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 Project area funds collection period: means the period of time that: (a)  begins the day on which the first payment of project area funds is distributed to an agency under a project area budget approved by a taxing entity committee or an interlocal agreement; and (b)  ends the day on which the last payment of project area funds is distributed to an agency under a project area budget approved by a taxing entity committee or an interlocal agreement. See Utah Code 17C-1-102 Project area plan: means an urban renewal project area plan, an economic development project area plan, a community development project area plan, or a community reinvestment project area plan that, after the project area plan's effective date, guides and controls the project area development. See Utah Code 17C-1-102 Property: includes both real and personal property. See Utah Code 68-3-12.5 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 Subpoena: A command to a witness to appear and give testimony. Tax increment: means the difference between: (i)  the amount of property tax revenue generated each tax year by a taxing entity from the area within a project area designated in the project area plan as the area from which tax increment is to be collected, using the current assessed value of the property and each taxing entity's current certified tax rate as defined in Section 59-2-924; and (ii)  the amount of property tax revenue that would be generated from that same area using the base taxable value of the property and each taxing entity's current certified tax rate as defined in Section 59-2-924. See Utah Code 17C-1-102 Taxable value: means : (a)  the taxable value of all real property a county assessor assesses in accordance with 3, for the current year; (b)  the taxable value of all real and personal property the commission assesses in accordance with 2, for the current year; and (c)  the year end taxable value of all personal property a county assessor assesses in accordance with 3, contained on the prior year's tax rolls of the taxing entity. See Utah Code 17C-1-102 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 Taxing entity committee: means a committee representing the interests of taxing entities, created in accordance with Section 17C-1-402. See Utah Code 17C-1-102 Testify: means to make an oral statement under oath or affirmation. See Utah Code 68-3-12.5 Testify: Answer questions in court. Testimony: Evidence presented orally by witnesses during trials or before grand juries. United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5 Waste: means : (a)  the inefficient, excessive, or improper use or the unnecessary dissipation of oil or gas or reservoir energy; (b)  the inefficient storing of oil or gas; (c)  the locating, drilling, equipping, operating, or producing of any oil or gas well in a manner that causes: (i)  a reduction in the quantity of oil or gas ultimately recoverable from a reservoir under prudent and economical operations; (ii)  unnecessary wells to be drilled; or (iii)  the loss or destruction of oil or gas either at the surface or subsurface; or (d)  the production of oil or gas in excess of: (i)  transportation or storage facilities; or (ii)  the amount reasonably required to be produced as a result of the proper drilling, completing, testing, or operating of a well or otherwise utilized on the lease from which it is produced. See Utah Code 40-6-2 Writing: includes :Utah Code 68-3-12.5