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Independent State Entities | |
Military Installation Development Authority Act | |
Section 503 | Use of municipal services revenue. |
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63H-1-503. Use of municipal services revenue. (1) The authority may use municipal services revenue to pay for: (a) administrative, overhead, legal, and other operating expenses of the authority; and (b) municipal services within the project area from which the revenue was collected. (2) Unless otherwise provided by agreement between the authority and each county and municipality levying a property tax on property within a project area, the authority shall distribute any remaining municipal services revenue equally among all counties and municipalities that levy a property tax on property within a project area.
Enacted by Chapter 92, 2009 General Session |
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