S.B.
205
COMMUNITY DEVELOPMENT AND RENEWAL AGENCY AMENDMENTS
senate floor
Amendments
Amendment 2 March 2, 2009 1:08 pm
Senator Curtis S. Bramble
proposes the following amendments:
1. Page
1, Line 13
:
13
. modifies the definitions of "base taxable value," "inactive airport site,"
"inactive industrial
site,"
and "project
2. Page
1, Line 26 through Page 2, Line 28
:
26
{
. extends the length of time that an agency may be authorized to be paid tax
27
increment under an urban renewal project area budget for an inactive industrial site
28
or an inactive airport site from 15 to 20 years;
}
3. Page
2, Line 42
:
42
{
May 12, 2009
}
the effective date of this bill
; and
4. Page
2, Line 47
:
47
{
None
}
This bill provides an immediate effective date.
5. Page
11, Lines 329 through 330
:
329
(ii) "Industrial property" means private real property
{
that
}
:
330
(A)
over half of which
is located within the boundary of a town, as defined in Section
10-1-104
;
and
6. Page
11, Lines 331 through 332
:
331
(B) comprises some or all of an inactive industrial site.
(iii) "Perimeter portion" means the portion of an inactive industrial site that is:
(A) part of the inactive industrial site because it lies within the perimeter described in Subsection
17C-1-102(23)(b); and
(B) located within the boundary of a city, as defined in Section 10-1-104.
332
(b)
{
A
}
(i) Subject to Subsection (4)(b)(ii), a
county agency may undertake urban renewal,
economic development, or
7. Page
11, Line 334
:
334
property submits a written request to the county agency to do so.
(ii) A county agency may not include a perimeter portion within a project area without the
approval of the city in which the perimeter portion is located.
8. Page
19, Line 556
:
556
industrial site or inactive airport site, at least 60% of tax increment for at least
{
[
}
15
{
]
} {
20 }
years; or
9. Page
19, Line 584
:
584
on or
after
{
May 11, 2009
}
the effective date of this bill
:
10. Page
22, Lines 651 through 653
:
651
(8)
(a)
An agency may not use tax increment to pay
the debt service of or
any
other
amount related to a bond issued or
652
other obligation incurred
if the bond was issued or the obligation was incurred:
(i) by an interlocal entity created under Title 11, Chapter 13, Interlocal Cooperation Act;
(ii) on or
after
{
May 11, 2009 if the bond is issued or the obligation is incurred
}
the
effective date of this bill; and
653
(iii)
to finance a telecommunication facility.
(b) Subsection (8)(a) may not be construed to prohibit the refinancing, restatement, or
refunding of a bond issued before the effective date of this bill.
11. Page
25, Line 744
:
744
An agency that uses tax increment
on or
after
{
May 11, 2009
}
the effective date of this
bill
to pay for communication
12. Page
25, Line 747
:
747
provider of communication service
with respect to the communication infrastructure or communication
facility for which the tax increment is used
; and
13. Page
28, Line 856
:
856
(b) An urban renewal project area budget adopted
on or
after
{
May 11, 2009
}
the effective
date of this bill
shall specify:
14. Page
31, Line 941
:
941
(b) An economic development project area budget adopted
on or
after
{
May 11, 2009
}
the
effective date of this bill
shall
15. Page
32, Line 977
:
977
on or after May 1, 2000 but
before
{
May 12, 2009
}
the effective date of this bill
.
16. Page
32, Line 979
:
979
project area budget adopted on or after May 1, 2000 but before
{
May 12, 2009
}
the effective date of
this bill
that provides for
17. Page
32, Line 987
:
987
development project area budgets adopted on or after May 1, 2002 but before
{
May 12, 2009
}
the
effective date of this bill
, if
18. Page
34, Lines 1031 through 1032
:
1031
(3) A resolution adopted or interlocal agreement entered under Subsection (2)
on or
after
1032
{
May 11, 2009
}
the effective date of this bill
shall specify:
19. Page
37, Line 1116
:
1116
resolution approved or an interlocal agreement adopted under Section
17C-4-201
.
Section 22. Effective date.
If approved by two-thirds of all the members elected to each house, this bill takes effect upon
approval by the governor, or the day following the constitutional time limit of Utah Constitution Article
VII, Section 8, without the governor's signature, or in the case of a veto, the date of veto override.
Section 23. Revisor instructions.
It is the intent of the Legislature that, in preparing the Utah Code database for publication, the
Office of Legislative Research and General Counsel shall replace the language "the effective date of this
bill" with the bill's actual effective date.