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Limited Purpose Local Government Entities - Other Entities | |
Special Service District Act | |
Section 102 | Definitions. |
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17D-1-102. Definitions. As used in this chapter: (1) "Adequate protests" means written protests timely filed by: (a) owners of property within the applicable area representing more than 33% of the taxable value of all taxable property within the applicable area; or (b) more than 33% of all registered voters within the applicable area. (2) "Applicable area" means: (a) for a proposal to create a special service district, the area included within the proposed special service district; (b) for a proposal to annex an area to an existing special service district, the area proposed to be annexed; (c) for a proposal to add a service to the service or services provided by a special service district, the area included within the special service district; and (d) for a proposal to consolidate special service districts, the area included within each special service district proposed to be consolidated. (3) "Facility" or "facilities" includes any structure, building, system, land, water right, water, or other real or personal property required to provide a service that a special service district is authorized to provide, including any related or appurtenant easement or right-of-way, improvement, utility, landscaping, sidewalk, road, curb, gutter, equipment, or furnishing. (4) "General obligation bond": (a) means a bond that is directly payable from and secured by ad valorem property taxes that are: (i) levied: (A) by the county or municipality that created the special service district that issues the bond; and (B) on taxable property within the special service district; and (ii) in excess of the ad valorem property taxes for the current fiscal year; and (b) does not include: (i) a short-term bond; (ii) a tax and revenue anticipation bond; or (iii) a special assessment bond. (5) "Governing body" means: (a) the legislative body of the county or municipality that creates the special service district, to the extent that the county or municipal legislative body has not delegated authority to an administrative control board appointed under Section 17D-1-301; or (b) the administrative control board of the special service district, to the extent that the county or municipal legislative body has delegated authority to an administrative control board appointed under Section 17D-1-301. (6) "Guaranteed bonds" means bonds: (a) issued by a special service district; and (b) the debt service of which is guaranteed by one or more taxpayers owning property within the special service district. (7) "Local district" has the same meaning as defined in Section 17B-1-102. (8) "Revenue bond": (a) means a bond payable from designated taxes or other revenues other than the ad
valorem property taxes of the county or municipality that created the special service district; and
Enacted by Chapter 360, 2008 General Session |
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