| << Previous Section (17C-1-604) | Next Section (17C-1-606) >> |
Limited Purpose Local Government Entities - Community Development and Renewal Agencies Act | |
General Provisions | |
Section 605 | Audit report. |
|
17C-1-605. Audit report. (1) Each agency required to be audited under Section 17C-1-604 shall, within 180 days after the end of the agency's fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the agency collects tax increment. (2) Each audit report under Subsection (1) shall include: (a) the tax increment collected by the agency for each project area; (b) the amount of tax increment paid to each taxing entity under Section 17C-1-410; (c) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the agency's project areas; and (d) the actual amount expended for: (i) acquisition of property; (ii) site improvements or site preparation costs; (iii) installation of public utilities or other public improvements; and (iv) administrative costs of the agency.
Renumbered and Amended by Chapter 359, 2006 General Session |
| << Previous Section (17C-1-604) | Next Section (17C-1-606) >> |