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Second Substitute S.B. 196

Senator Curtis S. Bramble proposes the following substitute bill:


             1     
REVISIONS TO REDEVELOPMENT AGENCY

             2     
PROVISIONS

             3     
2006 GENERAL SESSION

             4     
STATE OF UTAH

             5     
Chief Sponsor: Curtis S. Bramble

             6     
House Sponsor: John Dougall

             7     
             8      LONG TITLE
             9      General Description:
             10          This bill modifies and reorganizes provisions relating to redevelopment agencies.
             11      Highlighted Provisions:
             12          This bill:
             13          .    rewrites and reorganizes redevelopment agency provisions and repeals and amends
             14      existing provisions, repeals some provisions, and enacts some provisions;
             15          .    changes terminology from redevelopment agency to community development and
             16      renewal agency and from redevelopment to urban renewal;
             17          .    eliminates education housing development as one of the types of projects that an
             18      agency may undertake;
             19          .    authorizes agencies to undertake community development;
             20          .    modifies some definitions and adds new definitions that are applicable to
             21      community development and renewal agencies;
             22          .    provides that actions taken under community development and renewal statutory
             23      provisions are not subject to land use statutory provisions;
             24          .    authorizes an agency to change its name;
             25          .    authorizes a county, city, or town to authorize an agency to conduct activities in a


             26      project area that includes an area within the boundaries of the county, city, or town;
             27          .    eliminates a notice requirement before a public entity may become obligated to
             28      make required improvements in connection with a project area plan;
             29          .    clarifies that a public entity's grant or contribution of funds to an agency is not
             30      subject to provisions relating to municipal appropriations and acquisitions and
             31      disposals of property;
             32          .    modifies publication of notice requirements relating to the sale or other disposition
             33      of agency property;
             34          .    authorizes agencies to receive and use sales tax from other taxing entities, in
             35      addition to tax increment;
             36          .    authorizes an agency undertaking a community development project to negotiate
             37      with other taxing entities and to receive tax increment and sales tax revenues from
             38      those other entities as those other entities agree;
             39          .    modifies the applicability of a requirement to create a taxing entity committee so
             40      that it applies only to urban renewal and economic development projects;
             41          .    modifies the number of taxing entity committee members needed for the committee
             42      to take action;
             43          .    authorizes an agency to call a meeting of the taxing entity committee and imposes
             44      requirements on the notice that must be sent to do so;
             45          .    prohibits a taxing entity committee from voting on a proposed urban renewal or
             46      economic development budget or budget amendment at the first meeting to consider
             47      the budget or amendment unless all members present consent;
             48          .    prohibits a second meeting on a budget or budget amendment from being within a
             49      certain number of days after the first meeting;
             50          .    requires a taxing entity committee to meet annually;
             51          .    replaces the county assessor with the county auditor in a provision requiring a
             52      written report to the taxing entity committee;
             53          .    enacts language allowing additional tax increment to be used under a pre-July 1,
             54      1993 project area plan for a convention center or sports complex if construction of
             55      the center or complex has begun before June 30, 2002;
             56          .    provides that an agency may, in a budget adopted after the effective date of this bill,


             57      provide for the agency to be paid any amount of tax increment and for any period of time,
             58      subject to taxing entity committee approval;
             59          .    modifies limitations on the use of tax increment involving the development of retail
             60      sales;
             61          .    provides for the permissible uses of sales tax received by an agency;
             62          .    modifies a prohibition against using tax increment for a stadium or arena;
             63          .    modifies a provision allowing an agency to pay agency funds to other taxing entities
             64      to allow a taxing entity to withhold its portion of tax increment used to pay other
             65      taxing entities if the agency does not pay all taxing entities proportionally equal
             66      amounts;
             67          .    requires the value of property with respect to which a taxing entity receives taxes or
             68      increased taxes for the first time to be counted as new growth;
             69          .    repeals provisions relating to relocation plans for families and persons displaced
             70      from a project area;
             71          .    shortens the time for a person to contest a project area plan or budget;
             72          .    eliminates a provision prohibiting implementation of a project area plan after three
             73      years unless the plan is readopted;
             74          .    modifies provisions relating to a challenge of a finding of blight;
             75          .    modifies provisions relating to an amendment of a project area plan;
             76          .    narrows a provision prohibiting the adoption of a budget that exceeds certain limits
             77      to apply to only urban renewal projects;
             78          .    modifies a provision relating to the waiver of a requirement that a percentage of tax
             79      increment funds be used for housing;
             80          .    modifies a provision defining blight;
             81          .    modifies the requirements applicable to a blight study;
             82          .    modifies the standards that apply to a district court review of a finding of blight;
             83          .    modifies the hearings required for an urban renewal and economic development
             84      project;
             85          .    modifies the class of property owners to which notice is required to be given;
             86          .    modifies provisions relating to notice that an agency is required to provide;
             87          .    establishes separate provisions for urban renewal, economic development, and


             88      community development with respect to plan adoption, requirements, and amendments;
             89          .    repeals provisions relating to property owner participation in development in a
             90      project area;
             91          .    repeals a provision limiting the size of a project area;
             92          .    repeals a provision requiring the preparation of a statement of property owner
             93      rights;
             94          .    repeals a provision prohibiting an agency from acquiring property on which an
             95      existing building is to be continued on its present site and in its present form unless
             96      certain conditions are met; and
             97          .    makes technical changes.
             98      Monies Appropriated in this Bill:
             99          None
             100      Other Special Clauses:
             101          None
             102      Utah Code Sections Affected:
             103      AMENDS:
             104          9-4-704, as last amended by Chapter 90, Laws of Utah 2004
             105          10-3-1303, as last amended by Chapter 133, Laws of Utah 2001
             106          11-25-2, as enacted by Chapter 276, Laws of Utah 1977
             107          11-25-3, as last amended by Chapter 133, Laws of Utah 2001
             108          11-25-5, as last amended by Chapter 105, Laws of Utah 2005
             109          11-25-11, as last amended by Chapter 133, Laws of Utah 2001
             110          11-27-2, as last amended by Chapter 131, Laws of Utah 2003
             111          17A-1-403, as last amended by Chapter 131, Laws of Utah 2003
             112          59-2-906.1, as last amended by Chapter 195, Laws of Utah 2005
             113          59-2-924, as last amended by Chapters 217 and 244, Laws of Utah 2005
             114          63F-1-507, as renumbered and amended by Chapter 169 and last amended by Chapter
             115      233, Laws of Utah 2005
             116          67-1a-6.5, as enacted by Chapter 233, Laws of Utah 2005
             117      ENACTS:
             118          17C-1-104, Utah Code Annotated 1953


             119          17C-1-405, Utah Code Annotated 1953
             120          17C-1-406, Utah Code Annotated 1953
             121          17C-1-607, Utah Code Annotated 1953
             122          17C-3-101, Utah Code Annotated 1953
             123          17C-3-102, Utah Code Annotated 1953
             124          17C-3-103, Utah Code Annotated 1953
             125          17C-3-104, Utah Code Annotated 1953
             126          17C-3-105, Utah Code Annotated 1953
             127          17C-3-106, Utah Code Annotated 1953
             128          17C-3-107, Utah Code Annotated 1953
             129          17C-3-108, Utah Code Annotated 1953
             130          17C-3-109, Utah Code Annotated 1953
             131          17C-3-201, Utah Code Annotated 1953
             132          17C-3-202, Utah Code Annotated 1953
             133          17C-3-203, Utah Code Annotated 1953
             134          17C-3-204, Utah Code Annotated 1953
             135          17C-3-205, Utah Code Annotated 1953
             136          17C-3-301, Utah Code Annotated 1953
             137          17C-3-302, Utah Code Annotated 1953
             138          17C-3-303, Utah Code Annotated 1953
             139          17C-3-401, Utah Code Annotated 1953
             140          17C-3-402, Utah Code Annotated 1953
             141          17C-3-403, Utah Code Annotated 1953
             142          17C-3-404, Utah Code Annotated 1953
             143          17C-4-101, Utah Code Annotated 1953
             144          17C-4-102, Utah Code Annotated 1953
             145          17C-4-103, Utah Code Annotated 1953
             146          17C-4-104, Utah Code Annotated 1953
             147          17C-4-105, Utah Code Annotated 1953
             148          17C-4-106, Utah Code Annotated 1953
             149          17C-4-107, Utah Code Annotated 1953


             150          17C-4-108, Utah Code Annotated 1953
             151          17C-4-201, Utah Code Annotated 1953
             152          17C-4-202, Utah Code Annotated 1953
             153          17C-4-203, Utah Code Annotated 1953
             154          17C-4-204, Utah Code Annotated 1953
             155          17C-4-301, Utah Code Annotated 1953
             156          17C-4-302, Utah Code Annotated 1953
             157          17C-4-401, Utah Code Annotated 1953
             158          17C-4-402, Utah Code Annotated 1953
             159      RENUMBERS AND AMENDS:
             160          17C-1-101, (Renumbered from 17B-4-101, as enacted by Chapter 133, Laws of Utah
             161      2001)
             162          17C-1-102, (Renumbered from 17B-4-102, as last amended by Chapter 292, Laws of
             163      Utah 2005)
             164          17C-1-103, (Renumbered from 17B-4-105, as last amended by Chapter 292, Laws of
             165      Utah 2005)
             166          17C-1-201, (Renumbered from 17B-4-201, as last amended by Chapter 233, Laws of
             167      Utah 2005)
             168          17C-1-202, (Renumbered from 17B-4-202, as last amended by Chapter 292, Laws of
             169      Utah 2005)
             170          17C-1-203, (Renumbered from 17B-4-203, as enacted by Chapter 133, Laws of Utah
             171      2001)
             172          17C-1-204, (Renumbered from 17B-4-204, as enacted by Chapter 133, Laws of Utah
             173      2001)
             174          17C-1-205, (Renumbered from 17B-4-205, as enacted by Chapter 133, Laws of Utah
             175      2001)
             176          17C-1-206, (Renumbered from 17B-4-206, as last amended by Chapter 292, Laws of
             177      Utah 2005)
             178          17C-1-207, (Renumbered from 17B-4-103, as enacted by Chapter 133, Laws of Utah
             179      2001)
             180          17C-1-208, (Renumbered from 17B-4-104, as enacted by Chapter 133, Laws of Utah


             181      2001)
             182          17C-1-301, (Renumbered from 17B-4-301, as enacted by Chapter 133, Laws of Utah
             183      2001)
             184          17C-1-302, (Renumbered from 17B-4-302, as last amended by Chapter 205, Laws of
             185      Utah 2002)
             186          17C-1-303, (Renumbered from 17B-4-303, as enacted by Chapter 133, Laws of Utah
             187      2001)
             188          17C-1-401, (Renumbered from 17B-4-1001, as last amended by Chapter 205, Laws of
             189      Utah 2002)
             190          17C-1-402, (Renumbered from 17B-4-1002, as last amended by Chapter 292, Laws of
             191      Utah 2005)
             192          17C-1-403, (Renumbered from 17B-4-1003, as last amended by Chapter 292, Laws of
             193      Utah 2005)
             194          17C-1-404, (Renumbered from 17B-4-1004, as last amended by Chapter 292, Laws of
             195      Utah 2005)
             196          17C-1-407, (Renumbered from 17B-4-1005, as last amended by Chapter 292, Laws of
             197      Utah 2005)
             198          17C-1-408, (Renumbered from 17B-4-1006, as enacted by Chapter 133, Laws of Utah
             199      2001)
             200          17C-1-409, (Renumbered from 17B-4-1007, as last amended by Chapter 292, Laws of
             201      Utah 2005)
             202          17C-1-410, (Renumbered from 17B-4-1008, as enacted by Chapter 133, Laws of Utah
             203      2001)
             204          17C-1-411, (Renumbered from 17B-4-1009, as enacted by Chapter 133, Laws of Utah
             205      2001)
             206          17C-1-412, (Renumbered from 17B-4-1010, as last amended by Chapters 185 and 205,
             207      Laws of Utah 2002)
             208          17C-1-413, (Renumbered from 17B-4-1011, as enacted by Chapter 133, Laws of Utah
             209      2001)
             210          17C-1-501, (Renumbered from 17B-4-1201, as enacted by Chapter 133, Laws of Utah
             211      2001)


             212          17C-1-502, (Renumbered from 17B-4-1202, as enacted by Chapter 133, Laws of Utah
             213      2001)
             214          17C-1-503, (Renumbered from 17B-4-1203, as enacted by Chapter 133, Laws of Utah
             215      2001)
             216          17C-1-504, (Renumbered from 17B-4-1204, as last amended by Chapter 105, Laws of
             217      Utah 2005)
             218          17C-1-505, (Renumbered from 17B-4-1205, as enacted by Chapter 133, Laws of Utah
             219      2001)
             220          17C-1-506, (Renumbered from 17B-4-1206, as enacted by Chapter 133, Laws of Utah
             221      2001)
             222          17C-1-507, (Renumbered from 17B-4-1207, as enacted by Chapter 133, Laws of Utah
             223      2001)
             224          17C-1-508, (Renumbered from 17B-4-1208, as enacted by Chapter 133, Laws of Utah
             225      2001)
             226          17C-1-601, (Renumbered from 17B-4-1301, as last amended by Chapter 37, Laws of
             227      Utah 2002)
             228          17C-1-602, (Renumbered from 17B-4-1302, as enacted by Chapter 133, Laws of Utah
             229      2001)
             230          17C-1-603, (Renumbered from 17B-4-1303, as last amended by Chapter 37, Laws of
             231      Utah 2002)
             232          17C-1-604, (Renumbered from 17B-4-1304, as last amended by Chapter 71, Laws of
             233      Utah 2005)
             234          17C-1-605, (Renumbered from 17B-4-1305, as enacted by Chapter 133, Laws of Utah
             235      2001)
             236          17C-1-606, (Renumbered from 17B-4-1306, as enacted by Chapter 133, Laws of Utah
             237      2001)
             238          17C-1-701, (Renumbered from 17B-4-1401, as last amended by Chapter 233, Laws of
             239      Utah 2005)
             240          17C-2-101, (Renumbered from 17B-4-401, as enacted by Chapter 133, Laws of Utah
             241      2001)
             242          17C-2-102, (Renumbered from 17B-4-402, as last amended by Chapters 254 and 292,


             243      Laws of Utah 2005)
             244          17C-2-103, (Renumbered from 17B-4-403, as last amended by Chapter 292, Laws of
             245      Utah 2005)
             246          17C-2-104, (Renumbered from 17B-4-405, as enacted by Chapter 133, Laws of Utah
             247      2001)
             248          17C-2-105, (Renumbered from 17B-4-406, as last amended by Chapter 205, Laws of
             249      Utah 2002)
             250          17C-2-106, (Renumbered from 17B-4-407, as last amended by Chapter 292, Laws of
             251      Utah 2005)
             252          17C-2-107, (Renumbered from 17B-4-408, as enacted by Chapter 133, Laws of Utah
             253      2001)
             254          17C-2-108, (Renumbered from 17B-4-409, as enacted by Chapter 133, Laws of Utah
             255      2001)
             256          17C-2-109, (Renumbered from 17B-4-410, as last amended by Chapter 233, Laws of
             257      Utah 2005)
             258          17C-2-110, (Renumbered from 17B-4-411, as last amended by Chapter 292, Laws of
             259      Utah 2005)
             260          17C-2-201, (Renumbered from 17B-4-501, as enacted by Chapter 133, Laws of Utah
             261      2001)
             262          17C-2-202, (Renumbered from 17B-4-503, as last amended by Chapter 165, Laws of
             263      Utah 2004)
             264          17C-2-203, (Renumbered from 17B-4-504, as last amended by Chapters 139 and 185,
             265      Laws of Utah 2002)
             266          17C-2-204, (Renumbered from 17B-4-505, as last amended by Chapter 185, Laws of
             267      Utah 2002)
             268          17C-2-205, (Renumbered from 17B-4-506, as last amended by Chapter 185, Laws of
             269      Utah 2002)
             270          17C-2-206, (Renumbered from 17B-4-507, as last amended by Chapter 292, Laws of
             271      Utah 2005)
             272          17C-2-301, (Renumbered from 17B-4-602, as last amended by Chapter 292, Laws of
             273      Utah 2005)


             274          17C-2-302, (Renumbered from 17B-4-603, as last amended by Chapter 292, Laws of
             275      Utah 2005)
             276          17C-2-303, (Renumbered from 17B-4-604, as last amended by Chapter 292, Laws of
             277      Utah 2005)
             278          17C-2-304, (Renumbered from 17B-4-605, as last amended by Chapter 292, Laws of
             279      Utah 2005)
             280          17C-2-401, (Renumbered from 17B-4-801, as enacted by Chapter 133, Laws of Utah
             281      2001)
             282          17C-2-402, (Renumbered from 17B-4-802, as last amended by Chapter 205, Laws of
             283      Utah 2002)
             284          17C-2-403, (Renumbered from 17B-4-705, as last amended by Chapter 205, Laws of
             285      Utah 2002)
             286          17C-2-501, (Renumbered from 17B-4-701, as enacted by Chapter 133, Laws of Utah
             287      2001)
             288          17C-2-502, (Renumbered from 17B-4-702, as last amended by Chapter 205, Laws of
             289      Utah 2002)
             290          17C-2-503, (Renumbered from 17B-4-703, as last amended by Chapter 205, Laws of
             291      Utah 2002)
             292          17C-2-504, (Renumbered from 17B-4-704, as enacted by Chapter 133, Laws of Utah
             293      2001)
             294          17C-2-505, (Renumbered from 17B-4-502, as enacted by Chapter 133, Laws of Utah
             295      2001)
             296      REPEALS:
             297          17B-4-404, as last amended by Chapter 256, Laws of Utah 2003
             298          17B-4-601, as last amended by Chapter 292, Laws of Utah 2005
             299          17B-4-901, as enacted by Chapter 133, Laws of Utah 2001
             300          17B-4-902, as enacted by Chapter 133, Laws of Utah 2001
             301          17B-4-1101, as last amended by Chapter 292, Laws of Utah 2005
             302          17B-4-1104, as enacted by Chapter 133, Laws of Utah 2001
             303     
             304      Be it enacted by the Legislature of the state of Utah:


             305          Section 1. Section 9-4-704 is amended to read:
             306           9-4-704. Distribution of fund moneys.
             307          (1) The executive director shall:
             308          (a) make grants and loans from the fund for any of the activities authorized by Section
             309      9-4-705 , as directed by the board;
             310          (b) establish the criteria with the approval of the board by which loans and grants will
             311      be made; and
             312          (c) determine with the approval of the board the order in which projects will be funded.
             313          (2) The executive director shall distribute, as directed by the board, any federal moneys
             314      contained in the fund according to the procedures, conditions, and restrictions placed upon the
             315      use of those moneys by the federal government.
             316          (3) (a) The executive director shall distribute, as directed by the board, any funds
             317      received pursuant to Section [ 17B-4-1010 ] 17C-1-412 to pay the costs of providing income
             318      targeted housing within the community that created the [redevelopment agency under Title
             319      17B, Chapter 4, Redevelopment Agencies Act] community development and renewal agency
             320      under Title 17C, Limited Purpose Local Government Entities - Community Development and
             321      Renewal Agencies.
             322          (b) As used in Subsection (3)(a):
             323          (i) "Community" has the meaning as defined in [Subsection 17B-4-102 (10)] Section
             324      17C-1-102 .
             325          (ii) "Income targeted housing" has the meaning as defined in [Subsection
             326      17B-4-1010 (1)] Section 17C-1-102 .
             327          (4) Except federal money and money received under Section [ 17B-4-1010 ] 17C-1-412 ,
             328      the executive director shall distribute, as directed by the board, all other moneys from the fund
             329      according to the following requirements:
             330          (a) Not less than 30% of all fund moneys shall be distributed to rural areas of the state.
             331          (b) At least 50% of the moneys in the fund shall be distributed as loans to be repaid to
             332      the fund by the entity receiving them.
             333          (i) (A) Of the fund moneys distributed as loans, at least 50% shall be distributed to
             334      benefit persons whose annual income is at or below 50% of the median family income for the
             335      state.


             336          (B) The remaining loan moneys shall be distributed to benefit persons whose annual
             337      income is at or below 80% of the median family income for the state.
             338          (ii) The executive director or his designee shall lend moneys in accordance with this
             339      Subsection (4) at a rate based upon the borrower's ability to pay.
             340          (c) Any fund moneys not distributed as loans shall be distributed as grants.
             341          (i) At least 90% of the fund moneys distributed as grants shall be distributed to benefit
             342      persons whose annual income is at or below 50% of the median family income for the state.
             343          (ii) The remaining fund moneys distributed as grants may be used by the executive
             344      director to obtain federal matching funds or for other uses consistent with the intent of this part,
             345      including the payment of reasonable loan servicing costs, but no more than 3% of the revenues
             346      of the fund may be used to offset other department or board administrative expenses.
             347          (5) The executive director may with the approval of the board:
             348          (a) enact rules to establish procedures for the grant and loan process by following the
             349      procedures and requirements of Title 63, Chapter 46a, Utah Administrative Rulemaking Act;
             350      and
             351          (b) service or contract, pursuant to Title 63, Chapter 56, Utah Procurement Code, for
             352      the servicing of loans made by the fund.
             353          Section 2. Section 10-3-1303 is amended to read:
             354           10-3-1303. Definitions.
             355          As used in this part:
             356          (1) "Appointed officer" means any person appointed to any statutory office or position
             357      or any other person appointed to any position of employment with a city or with a
             358      [redevelopment agency under Title 17B, Chapter 4, Redevelopment Agencies Act] community
             359      development and renewal agency under Title 17C, Limited Purpose Local Government Entities
             360      - Community Development and Renewal Agencies. Appointed officers include, but are not
             361      limited to, persons serving on special, regular, or full-time committees, agencies, or boards
             362      whether or not such persons are compensated for their services. The use of the word "officer"
             363      in this part is not intended to make appointed persons or employees "officers" of the
             364      municipality.
             365          (2) "Assist" means to act, or offer or agree to act, in such a way as to help, represent,
             366      aid, advise, furnish information to, or otherwise provide assistance to a person or business


             367      entity, believing that such action is of help, aid, advice, or assistance to such person or business
             368      entity and with the intent to assist such person or business entity.
             369          (3) "Business entity" means a sole proprietorship, partnership, association, joint
             370      venture, corporation, firm, trust, foundation, or other organization or entity used in carrying on
             371      a business.
             372          (4) "Compensation" means anything of economic value, however designated, which is
             373      paid, loaned, granted, given, donated, or transferred to any person or business entity by anyone
             374      other than the governmental employer for or in consideration of personal services, materials,
             375      property, or any other thing whatsoever.
             376          (5) "Elected officer" means any person elected or appointed to the office of mayor,
             377      commissioner, or council member.
             378          (6) "Improper disclosure" means disclosure of private, controlled, or protected
             379      information to any person who does not have both the right and the need to receive the
             380      information.
             381          (7) "Municipal employee" means a person who is not an elected or appointed officer
             382      who is employed on a full or part-time basis by a municipality or by a [redevelopment agency
             383      under Title 17B, Chapter 4, Redevelopment Agencies Act] community development and
             384      renewal agency under Title 17C, Limited Purpose Local Government Entities - Community
             385      Development and Renewal Agencies.
             386          (8) "Private, controlled, or protected information" means information classified as
             387      private, controlled, or protected under Title 63, Chapter 2, Government Records Access and
             388      Management Act or other applicable provision of law.
             389          (9) "Substantial interest" means the ownership, either legally or equitably, by an
             390      individual, his spouse, or his minor children, of at least 10% of the outstanding shares of a
             391      corporation or 10% interest in any other business entity.
             392          Section 3. Section 11-25-2 is amended to read:
             393           11-25-2. Legislative findings -- Liberal construction.
             394          The legislature finds and declares that it is necessary for the welfare of the state and its
             395      inhabitants that [redevelopment] community development and renewal agencies be authorized
             396      within cities, towns or counties, or cities or towns and counties to make long-term, low-interest
             397      loans to finance residential rehabilitation in selected residential areas in order to encourage the


             398      upgrading of property in those areas. Unless such agencies provide some form of assistance to
             399      finance residential rehabilitation, many residential areas will deteriorate at an accelerated pace.
             400      This act shall be liberally construed to effect its purposes.
             401          Section 4. Section 11-25-3 is amended to read:
             402           11-25-3. Definitions.
             403          As used in this act:
             404          (1) "Bonds" mean any bonds, notes, interim certificates, debentures, or other
             405      obligations issued by an agency pursuant to this part and which are payable exclusively from
             406      the revenues, as defined in Subsection (9), and from any other funds specified in this part upon
             407      which the bonds may be made a charge and from which they are payable.
             408          (2) "Citizen participation" means action by the agency to provide persons who will be
             409      affected by residential rehabilitation financed under the provisions of this part with
             410      opportunities to be involved in planning and carrying out the residential rehabilitation program.
             411      "Citizen participation" shall include, but not be limited to, all of the following:
             412          (a) Holding a public meeting prior to considering selection of the area for designation.
             413          (b) Consultation with representatives of owners of property in, and residents of, a
             414      residential rehabilitation area, in developing plans for public improvements and
             415      implementation of the residential rehabilitation program.
             416          (c) Dissemination of information relating to the time and location of meetings,
             417      boundaries of the proposed residential rehabilitation area, and a general description of the
             418      proposed residential rehabilitation program.
             419          Public meetings and consultations shall be conducted by an official designated by the
             420      agency. Public meetings shall be held at times and places convenient to residents and property
             421      owners.
             422          (3) "Financing" means the lending of moneys or any other thing of value for the
             423      purpose of residential rehabilitation.
             424          (4) "Agency" means a [redevelopment] community development and renewal agency
             425      functioning pursuant to [Title 17B, Chapter 4, Redevelopment Agencies Act] Title 17C,
             426      Limited Purpose Local Government Entities - Community Development and Renewal
             427      Agencies.
             428          (5) "Participating party" means any person, company, corporation, partnership, firm,


             429      agency, political subdivision of the state, or other entity or group of entities requiring financing
             430      for residential rehabilitation pursuant to the provisions of this part. No elective officer of the
             431      state or any of its political subdivisions shall be eligible to be a participating party under the
             432      provision of this part.
             433          (6) "Residential rehabilitation" means the construction, reconstruction, renovation,
             434      replacement, extension, repair, betterment, equipping, developing, embellishing, or otherwise
             435      improving residences consistent with standards of strength, effectiveness, fire resistance,
             436      durability, and safety, so that the structures are satisfactory and safe to occupy for residential
             437      purposes and are not conducive to ill health, transmission of disease, infant mortality, juvenile
             438      delinquency, or crime because of any one or more of the following factors:
             439          (a) defective design and character of physical construction;
             440          (b) faulty interior arrangement and exterior spacing;
             441          (c) high density of population and overcrowding;
             442          (d) inadequate provision for ventilation, light, sanitation, open spaces, and recreation
             443      facilities;
             444          (e) age, obsolescence, deterioration, dilapidation, mixed character, or shifting of uses;
             445      and
             446          (f) economic dislocation, deterioration, or disuse, resulting from faulty planning.
             447          (7) "Residence" means a residential structure in residential rehabilitation areas. It also
             448      means a commercial structure which, in the judgment of the agency, is an integral part of a
             449      residential neighborhood.
             450          (8) "Rehabilitation standards" mean the applicable local or state standards for the
             451      rehabilitation of buildings located in residential rehabilitation areas, including any higher
             452      standards adopted by the agency as part of its residential rehabilitation financing program.
             453          (9) "Revenues" mean all amounts received as repayment of principal, interest, and all
             454      other charges received for, and all other income and receipts derived by, the agency from the
             455      financing of residential rehabilitation, including moneys deposited in a sinking, redemption, or
             456      reserve fund or other fund to secure the bonds or to provide for the payment of the principal of,
             457      or interest on, the bonds and such other moneys as the legislative body may, in its discretion,
             458      make available therefor.
             459          (10) "Residential rehabilitation area" means the geographical area designated by the


             460      agency as one for inclusion in a comprehensive residential rehabilitation financing program
             461      pursuant to the provisions of this act.
             462          Section 5. Section 11-25-5 is amended to read:
             463           11-25-5. Bonds or notes -- Issuance -- Purposes -- Payment -- Maturity of bond
             464      anticipation notes.
             465          An agency may, from time to time, issue its negotiable bonds or notes for the purpose
             466      of financing residential rehabilitation as authorized by this act and for the purpose of funding or
             467      refunding these bonds or notes in the same manner as it may issue other bonds or notes as
             468      provided in [Title 17B, Chapter 4, Part 12, Bonds] Title 17C, Chapter 1, Part 5, Agency Bonds.
             469      Every issue of its bonds shall be a special obligation of the agency payable from all or any part
             470      of the revenues specified in the act or funds legally received by the agency. In anticipation of
             471      the sale of the bonds, the agency may issue negotiable bond anticipation notes in accordance
             472      with Section 11-14-311 , and may renew such notes from time to time. Bond anticipation notes
             473      may be paid from the proceeds of sale of the bonds of the agency in anticipation of which they
             474      were issued. Bond anticipation notes and agreements relating thereto and the resolution or
             475      resolutions authorizing the notes and agreements may obtain any provisions, conditions, or
             476      limitations which a bond, agreement relating thereto, or bond resolution of the agency may
             477      contain except that any note or renewal thereof shall mature at a time not later than five years
             478      from the date of the issuance of the original note.
             479          Section 6. Section 11-25-11 is amended to read:
             480           11-25-11. Comprehensive financing program ordinance -- Contents.
             481          Prior to the issuance of any bonds or bond anticipation notes of the agency for
             482      residential rehabilitation, the agency shall by ordinance adopt a comprehensive residential
             483      rehabilitation financing program, including:
             484          (1) Criteria for selection of residential rehabilitation areas by the agency including
             485      findings by the agency that:
             486          (a) There are a substantial number of deteriorating structures in the area which do not
             487      conform to community standards for decent, safe, sanitary housing.
             488          (b) Financial assistance from the agency for residential rehabilitation is necessary to
             489      arrest the deterioration of the area.
             490          (c) Financing of residential rehabilitation in the area is economically feasible. These


             491      findings are not required, however, when the residential rehabilitation area is located within the
             492      boundaries of a project area covered by [a] an urban renewal project area [redevelopment] plan
             493      adopted in accordance with Section [ 17B-4-408 ] 17C-2-107 .
             494          (2) Procedures for selection of residential rehabilitation areas by the agency including:
             495          (a) Provisions for citizen participation in selection of residential rehabilitation areas.
             496          (b) Provisions for a public hearing by the agency prior to selection of any particular
             497      residential rehabilitation area.
             498          (3) A commitment that rehabilitation standards will be enforced on each residence for
             499      which financing is provided.
             500          (4) Guidelines for financing residential rehabilitation which shall be subject to the
             501      following limitations:
             502          (a) Outstanding loans on the property to be rehabilitated including the amount of the
             503      loans for rehabilitation, shall not exceed 80% of the anticipated after-rehabilitation value of the
             504      property to be rehabilitated, except that the agency may authorize loans of up to 95% of the
             505      anticipated after-rehabilitation value of the property if loans are made for the purpose of
             506      rehabilitating the property for residential purposes, there is demonstrated need for such higher
             507      limit, and there is a high probability that the value of the property will not be impaired during
             508      the term of the loan.
             509          (b) The maximum repayment period for residential rehabilitation loans shall be 20
             510      years or 3/4 of the economic life of the property, whichever is less.
             511          (c) The maximum amount loan for rehabilitation for each dwelling unit and for each
             512      commercial unit which is, or is part of a "residence" as defined in this chapter, shall be
             513      established by resolution of the agency.
             514          Section 7. Section 11-27-2 is amended to read:
             515           11-27-2. Definitions.
             516          As used in this chapter:
             517          (1) "Advance refunding bonds" means refunding bonds issued for the purpose of
             518      refunding outstanding bonds in advance of their maturity.
             519          (2) "Assessments" means a special tax levied against property within a special
             520      improvement district to pay all or a portion of the costs of making improvements in the district.
             521          (3) "Bond" means any revenue bond, general obligation bond, tax increment bond,


             522      special improvement bond, or refunding bond.
             523          (4) "General obligation bond" means any bond, note, warrant, certificate of
             524      indebtedness, or other obligation of a public body payable in whole or in part from revenues
             525      derived from ad valorem taxes and that constitutes an indebtedness within the meaning of any
             526      applicable constitutional or statutory debt limitation.
             527          (5) "Governing body" means the council, commission, county legislative body, board
             528      of directors, board of trustees, board of education, board of regents, or other legislative body of
             529      a public body designated in this chapter that is vested with the legislative powers of the public
             530      body, and, with respect to the state, the State Bonding Commission created by Section
             531      63B-1-201 .
             532          (6) "Government obligations" means:
             533          (a) direct obligations of the United States of America, or other securities, the principal
             534      of and interest on which are unconditionally guaranteed by the United States of America; or
             535          (b) obligations of any state, territory, or possession of the United States, or of any of
             536      the political subdivisions of any state, territory, or possession of the United States, or of the
             537      District of Columbia described in Section 103(a), Internal Revenue Code of 1986.
             538          (7) "Issuer" means the public body issuing any bond or bonds.
             539          (8) "Public body" means the state or any agency, authority, instrumentality, or
             540      institution of the state, or any municipal or quasi-municipal corporation, political subdivision,
             541      agency, school district, special district, or other governmental entity now or hereafter existing
             542      under the laws of the state.
             543          (9) "Refunding bonds" means bonds issued under the authority of this chapter for the
             544      purpose of refunding outstanding bonds.
             545          (10) "Resolution" means a resolution of the governing body of a public body taking
             546      formal action under this chapter.
             547          (11) "Revenue bond" means any bond, note, warrant, certificate of indebtedness, or
             548      other obligation for the payment of money issued by a public body or any predecessor of any
             549      public body and that is payable from designated revenues not derived from ad valorem taxes or
             550      from a special fund composed of revenues not derived from ad valorem taxes, but excluding all
             551      of the following:
             552          (a) any obligation constituting an indebtedness within the meaning of any applicable


             553      constitutional or statutory debt limitation;
             554          (b) any obligation issued in anticipation of the collection of taxes, where the entire
             555      issue matures not later than one year from the date of the issue; and
             556          (c) any special improvement bond.
             557          (12) "Special improvement bond" means any bond, note, warrant, certificate of
             558      indebtedness, or other obligation of a public body or any predecessor of any public body that is
             559      payable from assessments levied on benefitted property and from any special improvement
             560      guaranty fund.
             561          (13) "Special improvement guaranty fund" means any special improvement guaranty
             562      fund established under Title 10, Chapter 6, Uniform Fiscal Procedures Act for Utah Cities;
             563      Title 17A, Chapter 3, Part 2, County Improvement Districts Act; or any predecessor or similar
             564      statute.
             565          (14) "Tax increment bond" means any bond, note, warrant, certificate of indebtedness,
             566      or other obligation of a public body issued under authority of Title 17A, Chapter 2, Part 16,
             567      Great Salt Lake Development Authority, or any similar statutes, including [Title 17B, Chapter
             568      4, Redevelopment Agencies Act] Title 17C, Limited Purpose Local Government Entities -
             569      Community Development and Renewal Agencies.
             570          Section 8. Section 17A-1-403 is amended to read:
             571           17A-1-403. Applicability to special districts -- Exceptions.
             572          This part applies to all special districts under Subsection 17A-1-404 (19) except the
             573      following districts which are specifically excluded from this part:
             574          (1) [redevelopment] community development and renewal agencies created under
             575      [Title 17B, Chapter 4] Title 17C, Limited Purpose Local Government Entities - Community
             576      Development and Renewal Agencies;
             577          (2) public transit districts created under Chapter 2, Part 10;
             578          (3) health departments created under Title 26A, Chapter 1; and
             579          (4) entities created under Title 11, Chapter 13, Interlocal Cooperation Act, unless the
             580      entity is also a mental health district created under Chapter 3, Part 6, Local Mental Health
             581      Authorities.
             582          Section 9. Section 17C-1-101 , which is renumbered from Section 17B-4-101 is
             583      renumbered and amended to read:


             584     
TITLE 17C. LIMITED PURPOSE LOCAL GOVERNMENT ENTITIES -

             585     
COMMUNITY DEVELOPMENT AND RENEWAL AGENCIES

             586     
CHAPTER 1. GENERAL PROVISIONS

             587     
Part 1. Definitions and Other General Provisions

             588           [17B-4-101].     17C-1-101. Title.
             589          This [chapter] title is known as [the "Redevelopment Agencies Act."] "Limited Purpose
             590      Local Government Entities - Community Development and Renewal Agencies."
             591          Section 10. Section 17C-1-102 , which is renumbered from Section 17B-4-102 is
             592      renumbered and amended to read:
             593           [17B-4-102].     17C-1-102. Definitions.
             594          As used in this title:
             595          (1) "Adjusted tax increment" means:
             596          (a) for tax increment under a pre-July 1, 1993 project area plan, tax increment under
             597      Section 17C-1-403 , excluding tax increment under Subsection 17C-1-403 (3); and
             598          (b) for tax increment under a post-June 30, 1993 project area plan, tax increment under
             599      Section 17C-1-404 , excluding tax increment under Section 17C-1-406 .
             600          (2) "Affordable housing" means housing to be owned or occupied by persons and
             601      families of low or moderate income, as determined by resolution of the agency.
             602          [(1)] (3) "Agency" or "community development and renewal agency" means a separate
             603      body corporate and politic, created under Section [ 17B-4-201 ] 17C-1-201 or as a
             604      redevelopment agency under previous law, that is a political subdivision of the state, that is
             605      created to undertake or promote [redevelopment] urban renewal, economic development, or
             606      [education housing] community development, or any combination of them, as provided in this
             607      [chapter] title, and whose geographic boundaries are coterminous with:
             608          (a) for an agency created by a county, the unincorporated area of the county; and
             609          (b) for an agency created by a city or town, the boundaries of the city or town.
             610          [(2) "Assessment property owner" or "assessment owner of property" means the owner
             611      of real property as shown on the assessment roll of the county in which the property is located,
             612      equalized as of the previous November 1.]
             613          (4) "Annual income" has the meaning as defined under regulations of the U.S.
             614      Department of Housing and Urban Development, 24 C.F.R. Sec. 5.609, as amended or as


             615      superseded by replacement regulations.
             616          [(3)] (5) "Assessment roll" has the meaning as defined in Section 59-2-102 .
             617          [(4)] (6) "Base taxable value" means the taxable value of the property within a project
             618      area from which tax increment will be collected, as shown upon the assessment roll last
             619      equalized before:
             620          (a) for a pre-July 1, 1993 project area plan, the effective date of the project area plan;
             621      or
             622          (b) for a post-June 30, 1993 project area plan:
             623          (i) the date of the taxing entity committee's approval of the first project area budget; or
             624          (ii) if no taxing entity committee approval is required for the project area budget, the
             625      later of:
             626          (A) the date the project area plan is adopted by the community legislative body; and
             627          (B) the date the agency adopts the first project area budget.
             628          (7) "Basic levy" means the portion of a school district's tax levy constituting the
             629      minimum basic levy under Section 59-2-902.
             630          [(5)] (8) "Blight" or "blighted" means the condition of an area that meets the
             631      requirements of Subsection [ 17B-4-604 ] 17C-2-303 (1).
             632          [(6)] (9) "Blight hearing" means a public hearing under Subsection [ 17B-4-601 ]
             633      17C-2-102 (1)[(c)] (a)(iii) and Section [ 17B-4-603 ] 17C-2-302 regarding the existence or
             634      nonexistence of blight within the proposed [redevelopment] urban renewal project area.
             635          [(7)] (10) "Blight study" means a study to determine the existence or nonexistence of
             636      blight within a survey area as provided in Section [ 17B-4-602 ] 17C-2-301 .
             637          [(8)] (11) "Board" means the governing body of an agency, as provided in Section
             638      [ 17B-4-203 ] 17C-1-203 .
             639          [(9)] (12) "Budget hearing" means the public hearing on a draft project area budget
             640      required under Subsection [ 17B-4-501 ] 17C-2-201 (2)[(e)] (d) for an urban renewal project area
             641      budget or Subsection 17C-3-201(2)(d) for an economic development project area budget.
             642          (13) "Combined incremental value" means the combined total of all incremental values
             643      from all urban renewal project areas, except a military installation project area, within the
             644      agency's boundaries under adopted project area plans and adopted project area budgets at the
             645      time that a project area budget for a new urban renewal project area is being considered.


             646          [(10)] (14) "Community" means a county, city, or town.
             647          (15) "Community development" means development activities within a community,
             648      including the encouragement, promotion, or provision of development.
             649          [(11)] (16) "Economic development" means to promote the creation or retention of
             650      public or private jobs within the state through:
             651          (a) planning, design, development, construction, rehabilitation, business relocation, or
             652      any combination of these, within [part or all of a project area] a community; and
             653          (b) the provision of office, industrial, manufacturing, warehousing, distribution,
             654      parking, public, or other facilities, or other improvements that benefit the state or a community.
             655          [(12) "Education housing development" means the provision of high density housing
             656      within a project area that is adjacent to a public or private institution of higher education.]
             657          (17) "Fair share ratio" means the ratio derived by:
             658          (a) for a city or town, comparing the percentage of all housing units within the city or
             659      town that are publicly subsidized income targeted housing units to the percentage of all
             660      housing units within the whole county that are publicly subsidized income targeted housing
             661      units; or
             662          (b) for the unincorporated part of a county, comparing the percentage of all housing
             663      units within the unincorporated county that are publicly subsidized income targeted housing
             664      units to the percentage of all housing units within the whole county that are publicly subsidized
             665      income targeted housing units.
             666          (18) "Family" has the meaning as defined under regulations of the U.S. Department of
             667      Housing and Urban Development, 24 C.F.R. Section 5.403, as amended or as superseded by
             668      replacement regulations.
             669          (19) "Greenfield" means land not developed beyond agricultural or forestry use.
             670          (20) "Housing funds" means the funds allocated in an urban renewal project area
             671      budget under Section 17C-2-203 for the purposes provided in Subsection 17C-1-412 (1).
             672          (21) "Income targeted housing" means housing to be owned or occupied by a family
             673      whose annual income is at or below 80% of the median annual income for the county in which
             674      the housing is located.
             675          (22) "Incremental value" means a figure derived by multiplying the marginal value of
             676      the property located within an urban renewal project area on which tax increment is collected


             677      by a number that represents the percentage of adjusted tax increment from that project area that
             678      is paid to the agency.
             679          [(13)] (23) "Loan fund board" means the Olene Walker Housing Loan Fund Board,
             680      established under Title 9, Chapter 4, Part 7, Olene Walker Housing Loan Fund.
             681          (24) "Marginal value" means the difference between actual taxable value and base
             682      taxable value.
             683          (25) "Military installation project area" means a project area or a portion of a project
             684      area located within a federal military installation ordered closed by the federal Defense Base
             685      Realignment and Closure Commission.
             686          [(14)] (26) "Plan hearing" means the public hearing on a draft project area plan
             687      required under Subsection [ 17B-4-402 (1)(e)] 17C-2-102 (1)(a)(viii) for an urban renewal
             688      project area plan, Subsection 17C-3-102 (1)(d) for an economic development project area plan,
             689      and Subsection 17C-4-102 (1)(d) for a community development project area plan.
             690          [(15)] (27) "Post-June 30, 1993 project area plan" means a [redevelopment, economic
             691      development, or education housing development] project area plan adopted on or after July 1,
             692      1993, whether or not amended subsequent to its adoption.
             693          [(16)] (28) "Pre-July 1, 1993 project area plan" means a [redevelopment] project area
             694      plan adopted before July 1, 1993, whether or not amended subsequent to its adoption.
             695          [(17)] (29) "Private," with respect to real property, means:
             696          (a) not owned by the United States or any agency of the federal government, a public
             697      entity, or any other governmental entity; and
             698          (b) not dedicated to public use.
             699          [(18)] (30) "Project area" means the geographic area described in a project area plan or
             700      draft project area plan where the [redevelopment] urban renewal, economic development, or
             701      [education housing] community development, as the case may be, set forth in the project area
             702      plan or draft project area plan takes place or is proposed to take place.
             703          [(19)] (31) "Project area budget" means a multiyear projection of annual or cumulative
             704      revenues and expenses and other fiscal matters pertaining to a [redevelopment,] urban renewal
             705      or economic development[, or education housing development] project area that includes:
             706          (a) the base taxable value of property in the project area;
             707          (b) the projected tax increment expected to be generated within the project area;


             708          (c) the amount of tax increment expected to be shared with other taxing entities;
             709          (d) the amount of tax increment expected to be used to implement the project area plan,
             710      including the estimated amount of tax increment to be used for land acquisition, public
             711      improvements, infrastructure improvements, and loans, grants, or other incentives to private
             712      and public entities;
             713          (e) the tax increment expected to be used to cover the cost of administering the project
             714      area plan;
             715          (f) if the area from which tax increment is to be collected is less than the entire project
             716      area[,]:
             717          (i) the tax identification numbers of the parcels from which tax increment will be
             718      collected; or
             719          (ii) a legal description of the portion of the project area from which tax increment will
             720      be collected; and
             721          (g) for property that the agency owns and expects to sell, the expected total cost of the
             722      property to the agency and the expected selling price.
             723          [(20)] (32) "Project area plan" means a written plan under Part 4, Project Area Plan,
             724      that, after its effective date, guides and controls the [redevelopment] urban renewal, economic
             725      development, or [education housing] community development activities within [the] a project
             726      area.
             727          [(21)] (33) "Property tax" includes privilege tax and each levy on an ad valorem basis
             728      on tangible or intangible personal or real property.
             729          [(22)] (34) "Public entity" means:
             730          (a) the state, including any of its departments or agencies; or
             731          (b) a political subdivision of the state, including a county, city, town, school district,
             732      special district, local district, or interlocal cooperation entity.
             733          [(23) "Public input hearing" means the public hearing required under Subsection
             734      17B-4-402 (1)(h)(ii) regarding a proposed redevelopment project.]
             735          (35) "Publicly owned infrastructure and improvements" means water, sewer, storm
             736      drainage, electrical, and other similar systems and lines, streets, roads, curb, gutter, sidewalk,
             737      walkways, parking facilities, public transportation facilities, and other facilities, infrastructure,
             738      and improvements benefitting the public and to be publicly owned or publicly maintained or


             739      operated.
             740          [(24)] (36) "Record property owner" or "record owner of property" means the owner of
             741      real property as shown on the records of the recorder of the county in which the property is
             742      located and includes a purchaser under a real estate contract if the contract is recorded in the
             743      office of the recorder of the county in which the property is located or the purchaser gives
             744      written notice of the real estate contract to the agency.
             745          [(26)] (37) "Superfund site":
             746          (a) means an area included in the National Priorities List under the Comprehensive
             747      Environmental Response, Compensation, and Liability Act of 1980, 42 U.S.C. Sec. 9605; and
             748          (b) includes an area formerly included in the National Priorities List, as described in
             749      Subsection [(26)] (38)(a), but removed from the list following remediation that leaves on site
             750      the waste that caused the area to be included in the National Priorities List.
             751          [(27)] (38) "Survey area" means an area designated by a survey area resolution for
             752      study to determine whether one or more [redevelopment] urban renewal projects within the
             753      area are feasible.
             754          [(28)] (39) "Survey area resolution" means a resolution adopted by the agency board
             755      under Subsection [ 17B-4-401 (1)(a)] 17C-2-101 (1)(a) designating a survey area.
             756          (40) "Taxable value" means the value of property as shown on the last equalized
             757      assessment roll as certified by the county assessor.
             758          [(29)] (41) (a) "Tax increment" means, except as provided in Subsection [(29)] (41)(b),
             759      the difference between:
             760          (i) the amount of property tax revenues generated each tax year by all taxing entities
             761      from the area within a project area designated in the project area plan as the area from which
             762      tax increment is to be collected, using the current assessed value of the property; and
             763          (ii) the amount of property tax revenues that would be generated from that same area
             764      using the base taxable value of the property.
             765          (b) "Tax increment" does not include taxes levied and collected under Section
             766      59-2-906.1 on or after January 1, 1994 upon the taxable property in the project area unless:
             767          (i) the project area plan was adopted before May 4, 1993, whether or not the project
             768      area plan was subsequently amended; and
             769          (ii) the taxes were pledged to support bond indebtedness or other contractual


             770      obligations of the agency.
             771          [(30)] (42) "Taxing entity" means a public entity that levies a tax on property within a
             772      [project area or proposed project area] community.
             773          [(31)] (43) "Taxing entity committee" means a committee representing the interests of
             774      taxing entities, created as provided in Section [ 17B-4-1002 ] 17C-1-402 .
             775          (44) "Unincorporated" means not within a city or town.
             776          [(25) "Redevelopment"] (45) (a) "Urban renewal" means the development activities
             777      under a project area plan within [a redevelopment] an urban renewal project area, including:
             778          [(a)] (i) planning, design, development, demolition, clearance, construction,
             779      rehabilitation, or any combination of these, of part or all of a project area;
             780          [(b)] (ii) the provision of residential, commercial, industrial, public, or other structures
             781      or spaces, including recreational and other facilities incidental or appurtenant to them;
             782          [(c)] (iii) altering, improving, modernizing, demolishing, reconstructing, or
             783      rehabilitating, or any combination of these, existing structures in a project area;
             784          [(d)] (iv) providing open space, including streets and other public grounds and space
             785      around buildings;
             786          [(e)] (v) providing public or private buildings, infrastructure, structures, and
             787      improvements; and
             788          [(f)] (vi) providing improvements of public or private recreation areas and other public
             789      grounds.
             790          (b) "Urban renewal" means "redevelopment," as defined under the law in effect before
             791      May 1, 2006, if the context requires.
             792          Section 11. Section 17C-1-103 , which is renumbered from Section 17B-4-105 is
             793      renumbered and amended to read:
             794           [17B-4-105].     17C-1-103. Limitations on applicability of title --
             795      Amendment of previously adopted project area plan.
             796          (1) Nothing in this [chapter] title may be construed to:
             797          (a) impose a requirement or obligation on an agency, with respect to a project area plan
             798      adopted or an agency action taken, that was not imposed by the law in effect at the time the
             799      project area plan was adopted or the action taken;
             800          (b) prohibit an agency from taking an action that:


             801          (i) was allowed by the law in effect immediately before an applicable amendment to
             802      this [chapter] title;
             803          (ii) is permitted or required under the project area plan adopted before the amendment;
             804      and
             805          (iii) is not explicitly prohibited under this [chapter] title;
             806          (c) revive any right to challenge any action of the agency that had already expired; or
             807          (d) require a project area plan to contain a provision that was not required by the law in
             808      effect at the time the project area plan was adopted.
             809          (2) (a) A project area plan adopted before an amendment to this [chapter] title becomes
             810      effective may be amended as provided in this [chapter] title.
             811          (b) Unless explicitly prohibited by this [chapter] title, an amendment under Subsection
             812      (2)(a) may include a provision that is allowed under this [chapter] title but that was not
             813      required or allowed by the law in effect before the applicable amendment.
             814          Section 12. Section 17C-1-104 is enacted to read:
             815          17C-1-104. Actions not subject to land use laws.
             816          (1) An action taken under this title is not subject to Title 10, Chapter 9a, Municipal
             817      Land Use, Development, and Management Act or Title 17, Chapter 27a, County Land Use,
             818      Development, and Management Act.
             819          (2) An ordinance or resolution adopted under this title is not a land use ordinance as
             820      defined in Sections 10-9a-103 and 17-27a-103 .
             821          Section 13. Section 17C-1-201 , which is renumbered from Section 17B-4-201 is
             822      renumbered and amended to read:
             823     
Part 2. Agency Creation, Powers, and Board

             824           [17B-4-201].     17C-1-201. Creation of agency -- Notice to lieutenant
             825      governor.
             826          (1) Subject to Subsection (2), a community may, by ordinance adopted by its
             827      legislative body, create [an] a community development and renewal agency.
             828          (2) (a) Within ten days after adopting an ordinance under Subsection (1), the
             829      community legislative body shall file with the lieutenant governor a notice of the adoption of
             830      the ordinance, with a copy of the ordinance.
             831          (b) Upon the lieutenant governor's issuance of the certificate of creation under Section


             832      67-1a-6.5 , the agency is created and incorporated.
             833          (3) An agency may change its name, whether to indicate it is a community
             834      development and renewal agency or otherwise, by adopting a resolution setting forth its new
             835      name and filing the resolution with the lieutenant governor, the State Tax Commission, the
             836      State Board of Education, and the assessor of the county in which the agency is located.
             837          Section 14. Section 17C-1-202 , which is renumbered from Section 17B-4-202 is
             838      renumbered and amended to read:
             839           [17B-4-202].     17C-1-202. Agency powers.
             840          (1) [An] A community development and renewal agency may:
             841          (a) sue and be sued;
             842          (b) enter into contracts generally;
             843          (c) buy, obtain an option upon, or otherwise acquire any interest in real or personal
             844      property;
             845          (d) sell, convey, grant, dispose of by gift, or otherwise dispose of any interest in real or
             846      personal property;
             847          (e) enter into a lease agreement on real or personal property, either as lessee or lessor;
             848          (f) provide for [redevelopment] urban renewal, economic development, and [education
             849      housing] community development as provided in this [chapter] title;
             850          (g) receive tax increment as provided in this [chapter] title;
             851          [(h) encourage the continued use of existing buildings in the project area;]
             852          [(i)] (h) if disposing of or leasing land, retain controls or establish restrictions and
             853      covenants running with the land consistent with the project area plan;
             854          [(j)] (i) accept financial or other assistance from any public or private source for the
             855      agency's activities, powers, and duties, and expend any funds so received for any of the
             856      purposes of this [chapter] title;
             857          [(k)] (j) borrow money or accept financial or other assistance from the federal
             858      government, a public entity, or any other source for any of the purposes of this [chapter] title
             859      and comply with any conditions of [such] the loan or assistance; [and]
             860          [(l)] (k) issue bonds to finance the undertaking of any [redevelopment] urban renewal,
             861      economic development, or [education housing] community development or for any of the
             862      agency's other purposes, including:


             863          (i) reimbursing an advance made by the agency or by a public entity or the federal
             864      government to the agency;
             865          (ii) refunding bonds to pay or retire bonds previously issued by the agency; and
             866          (iii) refunding bonds to pay or retire bonds previously issued by the community that
             867      created the agency for expenses associated with [a redevelopment] an urban renewal, economic
             868      development, or [education housing] community development project; and
             869          [(m)] (l) transact other business and exercise all other powers provided for in this
             870      [chapter] title.
             871          (2) The establishment of controls or restrictions and covenants under Subsection
             872      (1)[(i)](h) is a public purpose.
             873          Section 15. Section 17C-1-203 , which is renumbered from Section 17B-4-203 is
             874      renumbered and amended to read:
             875           [17B-4-203].     17C-1-203. Agency board -- Quorum.
             876          (1) The governing body of an agency is a board consisting of the current members of
             877      the legislative body of the community that created the agency.
             878          (2) A majority of board members constitutes a quorum for the transaction of agency
             879      business.
             880          (3) An agency board may not adopt a resolution, pass a motion, or take any other
             881      official board action without the concurrence of at least a majority of the board members
             882      present at a meeting at which a quorum is present.
             883          Section 16. Section 17C-1-204 , which is renumbered from Section 17B-4-204 is
             884      renumbered and amended to read:
             885           [17B-4-204].     17C-1-204. Urban renewal, economic development, and
             886      community development by an adjoining agency -- Requirements.
             887          (1) An agency or community may, by resolution of its board or legislative body,
             888      respectively, authorize [another] an agency to conduct [redevelopment] urban renewal,
             889      economic development, or [education housing] community development activities in a project
             890      area that includes an area within the authorizing agency's boundaries or within the boundaries
             891      of the authorizing community if the project area or community is contiguous to the boundaries
             892      of the other agency.
             893          (2) If an agency board or community legislative body adopts a resolution under


             894      Subsection (1) authorizing another agency to undertake [redevelopment] urban renewal,
             895      economic development, or [education housing] community development activities in the
             896      authorizing agency's project area or within the boundaries of the authorizing community:
             897          (a) the other agency may act in all respects as if the project area were within its own
             898      boundaries;
             899          (b) the board of the other agency has all the rights, powers, and privileges with respect
             900      to the project area as if it were within its own boundaries; and
             901          (c) the other agency may be paid tax increment funds to the same extent as if the
             902      project area were within its own boundaries.
             903          (3) Each project area plan approved by the other agency for the project area that is the
             904      subject of a resolution under Subsection (1) shall be[: (a) reviewed by the planning
             905      commission of the community in which the project area is located; and (b)] adopted by
             906      ordinance of the legislative body of the community in which the project area is located.
             907          Section 17. Section 17C-1-205 , which is renumbered from Section 17B-4-205 is
             908      renumbered and amended to read:
             909           [17B-4-205].     17C-1-205. Change of project area from one community to
             910      another.
             911          (1) For purposes of this section:
             912          (a) "New agency" means the agency created by the new community.
             913          (b) "New community" means the community in which the relocated project area is
             914      located after the change in community boundaries takes place.
             915          (c) "Original agency" means the agency created by the original community.
             916          (d) "Original community" means the community that adopted the project area plan that
             917      created the project area that has been relocated.
             918          (e) "Relocated" means that a project area under a project area plan adopted by the
             919      original community has ceased to be located within that community and has become part of a
             920      new community because of a change in community boundaries through:
             921          (i) a county or municipal annexation;
             922          (ii) the creation of a new county;
             923          (iii) a municipal incorporation, consolidation, dissolution, or boundary adjustment; or
             924          (iv) any other action resulting in a change in community boundaries.


             925          (2) If a project area under a project area plan adopted by a community becomes
             926      relocated, the project area shall, for purposes of this [chapter] title, be considered to remain in
             927      the original community until:
             928          (a) the new community has created an agency;
             929          (b) the original agency has transferred or assigned to the new agency the original
             930      agency's real property, rights, indebtedness, obligations, tax increment, and other assets and
             931      liabilities related to the relocated project area; [and]
             932          (c) the new agency by resolution approves the original agency's project area plan as the
             933      project area plan of the new agency; and
             934          (d) the new community by ordinance adopts the project area plan that was approved by
             935      the new agency.
             936          Section 18. Section 17C-1-206 , which is renumbered from Section 17B-4-206 is
             937      renumbered and amended to read:
             938           [17B-4-206].     17C-1-206. Use of eminent domain prohibited -- Exception.
             939          [(1) An agency may not acquire property or an interest in property from an agency
             940      board member or officer unless:]
             941          [(a) the board member or officer consents; and]
             942          [(b) the agency uses eminent domain.]
             943          (1) Except as provided in Subsection (2), an agency may not use eminent domain to
             944      acquire property.
             945          (2) An agency may use eminent domain to acquire any interest in property that is
             946      owned by an agency board member or officer and located within a [redevelopment, economic
             947      development, or education housing development] project area, if the board member or officer
             948      consents.
             949          Section 19. Section 17C-1-207 , which is renumbered from Section 17B-4-103 is
             950      renumbered and amended to read:
             951           [17B-4-103].     17C-1-207. Public entities may assist with urban renewal,
             952      economic development, or community development project.
             953          (1) In order to assist and cooperate in the planning, undertaking, construction, or
             954      operation of [a redevelopment] an urban renewal, economic development, or [education
             955      housing] community development project located within the area in which it is authorized to


             956      act, a public entity may:
             957          (a) (i) cause to be furnished adjacent to or in connection with [a redevelopment] an
             958      urban renewal, economic development, or [education housing] community development
             959      project:
             960          (A) parks, playgrounds, or other recreational facilities;
             961          (B) community, educational, water, sewer, or drainage facilities; or
             962          (C) any other works which the public entity is otherwise empowered to undertake;
             963          (ii) furnish, dedicate, close, vacate, pave, install, grade, regrade, plan, or replan streets,
             964      roads, roadways, alleys, sidewalks, or other places [over which it has authority];
             965          (iii) plan or replan, zone or rezone any part of a project area and make any legal
             966      exceptions from building regulations and ordinances;
             967          (iv) purchase or legally invest in any of the bonds of an agency and exercise all of the
             968      rights of any holder of the bonds;
             969          (v) enter into an agreement with another public entity concerning action to be taken
             970      pursuant to any of the powers granted in this [chapter; and] title;
             971          (vi) do any and all things necessary to aid or cooperate in the planning or carrying out
             972      of [a redevelopment] an urban renewal, economic development, or [education housing]
             973      community development project; [and]
             974          (vii) in connection with the project area plan, become obligated to the extent
             975      authorized and funds have been made available to make required improvements or construct
             976      required structures; and
             977          (viii) lend, grant, or contribute funds to an agency for an urban renewal, economic
             978      development, or community development project; and
             979          (b) [after] 15 days after posting public notice:
             980          (i) [(A)] purchase or otherwise acquire property or lease property from an agency; or
             981          [(B)] (ii) sell, grant, convey, or otherwise dispose of the public entity's property or
             982      lease the public entity's property to an agency[;].
             983          [(ii) in connection with the project area plan, become obligated to the extent authorized
             984      and funds have been made available to make required improvements or construct required
             985      structures; and]
             986          [(iii) lend, grant, or contribute funds to an agency for a redevelopment, economic


             987      development, or education housing development project.]
             988          (2) Notwithstanding any law to the contrary, an agreement under Subsection (1)(a)(v)
             989      may extend over any period.
             990          (3) A grant or contribution of funds from a public entity to an agency is not subject to
             991      the requirements of Section 10-8-2 .
             992          Section 20. Section 17C-1-208 , which is renumbered from Section 17B-4-104 is
             993      renumbered and amended to read:
             994           [17B-4-104].     17C-1-208. Agency funds to be accounted for separately
             995      from community funds.
             996          Agency funds shall be accounted for separately from the funds of the community that
             997      created the agency.
             998          Section 21. Section 17C-1-301 , which is renumbered from Section 17B-4-301 is
             999      renumbered and amended to read:
             1000     
Part 3. Agency property

             1001           [17B-4-301].     17C-1-301. Agency property exempt from taxation --
             1002      Exception.
             1003          (1) Agency property acquired or held for purposes of this [chapter] title is declared to
             1004      be public property used for essential public and governmental purposes and, subject to
             1005      Subsection (2), is exempt from all taxes of a public entity.
             1006          (2) The exemption in Subsection (1) does not apply to property that the agency leases
             1007      to a lessee that is not entitled to a tax exemption with respect to the property.
             1008          Section 22. Section 17C-1-302 , which is renumbered from Section 17B-4-302 is
             1009      renumbered and amended to read:
             1010           [17B-4-302].     17C-1-302. Agency property exempt from levy and execution
             1011      sale -- Judgment against community or agency.
             1012          (1) (a) All agency property, including funds the agency owns or holds for purposes of
             1013      this [chapter] title, [are] is exempt from levy and execution sale, and no execution or judicial
             1014      process may issue against agency property. A judgment against an agency may not be a charge
             1015      or lien upon agency property.
             1016          (b) Subsection (1)(a) does not apply to or limit the right of obligees to pursue any
             1017      remedies for the enforcement of any pledge or lien given by an agency on its funds or revenues.


             1018          (2) A judgment against the community that created the agency may not be a charge or
             1019      lien upon agency property.
             1020          (3) A judgment against an agency may not be a charge or lien upon property of the
             1021      community that created the agency.
             1022          Section 23. Section 17C-1-303 , which is renumbered from Section 17B-4-303 is
             1023      renumbered and amended to read:
             1024           [17B-4-303].     17C-1-303. Summary of sale or other disposition of agency
             1025      property -- Publication of summary.
             1026          (1) Upon the agency's sale, conveyance, grant, or other disposition of real property, the
             1027      agency shall prepare a summary of the material provisions of the disposition.
             1028          (2) Each summary under Subsection (1) shall be a matter of public record.
             1029          (3) The agency shall [publish each summary under Subsection (1) at least once in a
             1030      newspaper of general circulation in the agency's boundaries], no later than one month after the
             1031      disposition is concluded:
             1032          (a) publish each summary under Subsection (1) at least once in a newspaper of general
             1033      circulation in the agency's boundaries; or
             1034          (b) if there is no newspaper of general circulation, post the summary in three
             1035      conspicuous places within the agency's boundaries.
             1036          Section 24. Section 17C-1-401 , which is renumbered from Section 17B-4-1001 is
             1037      renumbered and amended to read:
             1038     
Part 4. Tax Increment and Sales Tax

             1039           [17B-4-1001].     17C-1-401. Agency receipt and use of tax increment and
             1040      sales tax -- Distribution of tax increment and sales tax.
             1041          (1) An agency may receive and use tax increment and sales tax, as provided in this
             1042      part.
             1043          (2) (a) The applicable length of time or number of years for which an agency is to be
             1044      paid tax increment or sales tax under this part shall be measured:
             1045          (i) for a pre-July 1, 1993 project area plan, from the first tax year regarding which the
             1046      agency accepts tax increment from the project area; [or]
             1047          (ii) for a post-June 30, 1993 urban renewal or economic development project area plan,
             1048      from the first tax year for which the agency [is to receive] receives tax increment [as shown in]


             1049      under the project area budget[.]; or
             1050          (iii) for a community development project area plan, as indicated in the resolution or
             1051      interlocal agreement of a taxing entity that establishes the agency's right to receive tax
             1052      increment or sales tax.
             1053          (b) Tax increment may not be paid to an agency for a tax year prior to the tax year
             1054      following:
             1055          (i) for an urban renewal or economic development project area plan, the effective date
             1056      of the project area plan[.]; and
             1057          (ii) for a community development project area plan, the effective date of the interlocal
             1058      agreement that establishes the agency's right to receive tax increment.
             1059          (3) With respect to a community development project area plan, a taxing entity may, by
             1060      resolution or through interlocal agreement, authorize an agency to be paid any or all of that
             1061      taxing entity's tax increment or sales tax for any period of time.
             1062          [(3)] (4) With the written consent of a taxing entity, an agency may be paid tax
             1063      increment, from that taxing entity's tax revenues only, in a higher percentage or for a longer
             1064      period of time, or both, than otherwise authorized under this [chapter] title.
             1065          [(4)] (5) Each county that collects property tax on property within a project area shall
             1066      pay and distribute to the agency the tax increment that the agency is entitled to collect under
             1067      this [chapter] title, in the manner and at the time provided in Section 59-2-1365 .
             1068          Section 25. Section 17C-1-402 , which is renumbered from Section 17B-4-1002 is
             1069      renumbered and amended to read:
             1070           [17B-4-1002].     17C-1-402. Taxing entity committee.
             1071          (1) Each agency that adopts or proposes to adopt a post-June 30, 1993 urban renewal or
             1072      economic development project area plan shall, and any other agency may, cause a taxing entity
             1073      committee to be created.
             1074          (2) (a) (i) Each taxing entity committee shall be composed of:
             1075          (A) two school district representatives appointed as provided in Subsection (2)(a)(ii);
             1076          (B) (I) in a county of the second, third, fourth, fifth, or sixth class, two representatives
             1077      appointed by resolution of the legislative body of the county in which the agency is located; or
             1078          (II) in a county of the first class, one representative appointed by the county executive
             1079      and one representative appointed by the legislative body of the county in which the agency is


             1080      located;
             1081          (C) if the agency was created by a city or town, two representatives appointed by
             1082      resolution of the legislative body of that city or town;
             1083          (D) one representative appointed by the State Board of Education; and
             1084          (E) one representative selected by majority vote of the legislative bodies or governing
             1085      boards of all other taxing entities that levy a tax on property within the agency's boundaries, to
             1086      represent the interests of those taxing entities on the taxing entity committee.
             1087          (ii) (A) If the agency boundaries include only one school district, that school district
             1088      shall appoint the two school district representatives under Subsection (2)(a)(i)(A).
             1089          (B) If the agency boundaries include more than one school district, those school
             1090      districts shall jointly appoint the two school district representatives under Subsection
             1091      (2)(a)(i)(A).
             1092          (b) (i) Each taxing entity committee representative under Subsection (2)(a) shall be
             1093      appointed within 30 days after the agency provides notice of the creation of the taxing entity
             1094      committee.
             1095          (ii) If a representative is not appointed within the time required under Subsection
             1096      (2)(b)(i), the agency board may appoint a person to serve on the taxing entity committee in the
             1097      place of the missing representative until that representative is appointed.
             1098          (c) (i) A taxing entity committee representative may be appointed for a set term or
             1099      period of time, as determined by the appointing authority under Subsection (2)(a)(i).
             1100          (ii) Each taxing entity committee representative shall serve until a successor is
             1101      appointed and qualified.
             1102          (d) (i) Upon the appointment of each representative under Subsection (2)(a)(i), whether
             1103      an initial appointment or an appointment to replace an already serving representative, the
             1104      appointing authority shall:
             1105          (A) notify the agency in writing of the name and address of the newly appointed
             1106      representative; and
             1107          (B) provide the agency a copy of the resolution making the appointment or, if the
             1108      appointment is not made by resolution, other evidence of the appointment.
             1109          (ii) Each appointing authority of a taxing entity committee representative under
             1110      Subsection (2)(a)(i) shall notify the agency in writing of any change of address of a


             1111      representative appointed by that appointing authority.
             1112          (3) A taxing entity committee represents all taxing entities regarding [a] an urban
             1113      renewal or economic development project area and may:
             1114          (a) cast votes that will be binding on all taxing entities;
             1115          (b) negotiate with the agency concerning a draft project area plan;
             1116          (c) approve or disapprove a project area budget as provided in Section [ 17B-4-505 ]
             1117      17C-2-204 for an urban renewal project area budget and Section 17C-3-203 for an economic
             1118      development project area budget;
             1119          (d) approve or disapprove amendments to a project area budget as provided in Section
             1120      [ 17B-4-507 ] 17C-2-206 for an urban renewal project area budget and Section 17C-3-205 for an
             1121      economic development project area budget;
             1122          (e) approve exceptions to the limits on the value and size of a project area imposed
             1123      under this [chapter] title;
             1124          (f) approve exceptions to the percentage of tax increment and the period of time that
             1125      tax increment is paid to the agency as provided in this [part] title;
             1126          (g) approve the use of tax increment for [access and utilities] publicly owned
             1127      infrastructure and improvements outside of [a] an urban renewal or economic development
             1128      project area that the agency and community legislative body determine to be of benefit to the
             1129      urban renewal or economic development project area, as provided in Subsection
             1130      [ 17B-4-1007 (1)(a)(ii)(D)] 17C-1-409 (1)(a)(iii)(D);
             1131          (h) waive the restrictions imposed by Subsection [ 17B-4-503 (2)(a)] 17C-2-202 (1); and
             1132          (i) give other taxing entity committee approval or consent required or allowed under
             1133      this [chapter] title.
             1134          (4) A quorum of a taxing entity committee consists of:
             1135          [(a) except as provided in Subsection (4)(b):]
             1136          [(i)] (a) if the urban renewal or economic development project area is located within a
             1137      city or town, five members; or
             1138          [(ii)] (b) if the urban renewal or economic development project area is not located
             1139      within a city or town, four members[; or].
             1140          [(b) for an education housing development project area as to which the school district
             1141      has elected under Subsection 17B-4-1004 (5) not to allow the agency to be paid tax increment


             1142      from school district tax revenues:]
             1143          [(i) if the project area is located within a city or town, three members; or]
             1144          [(ii) if the project area is not located within a city or town, two members.]
             1145          (5) Taxing entity committee approval, consent, or other action requires the affirmative
             1146      vote of [a majority of a quorum] two-thirds of all members present at a taxing entity committee
             1147      meeting at which a quorum is present.
             1148          (6) (a) An agency may call a meeting of the taxing entity committee by sending written
             1149      notice to the members of the taxing entity committee at least ten days before the date of the
             1150      meeting.
             1151          (b) Each notice under Subsection (6)(a) shall be accompanied by:
             1152          (i) the proposed agenda for the taxing entity committee meeting; and
             1153          (ii) if not previously provided and if they exist and are to be considered at the meeting:
             1154          (A) the urban renewal or economic development project area plan or proposed plan;
             1155          (B) the urban renewal or economic development project area budget or proposed
             1156      budget;
             1157          (C) the analysis required under Subsection 17C-2-103 (2) or 17C-3-103 (2);
             1158          (D) the blight study;
             1159          (E) the agency's resolution making a finding of blight under Subsection
             1160      17C-2-102 (1)(a)(iv)(B); and
             1161          (F) other documents to be considered by the taxing entity committee at the meeting.
             1162          (7) (a) A taxing entity committee may not vote on a proposed urban renewal or
             1163      economic development project area budget or proposed amendment to an urban renewal or
             1164      economic development project area budget at the first meeting at which the proposed budget or
             1165      amendment is considered unless all members of the taxing entity committee present at the
             1166      meeting consent.
             1167          (b) A second taxing entity committee meeting to consider an urban renewal or
             1168      economic development project area budget or a proposed amendment to an urban renewal or
             1169      economic development project area budget may not be held within 14 days after the first
             1170      meeting unless all members of the taxing entity committee present at the first meeting consent.
             1171          (8) Each taxing entity committee shall meet at least annually during the time that the
             1172      agency receives tax increment under an urban renewal or economic development project area


             1173      budget in order to review the status of the project area.
             1174          [(6)] (9) Each taxing entity committee shall be governed by Title 52, Chapter 4, Open
             1175      and Public Meetings.
             1176          [(7)] (10) Each time a school district representative or a representative of the State
             1177      Board of Education votes as a member of a taxing entity committee to allow an agency to be
             1178      paid tax increment or to increase the amount or length of time that an agency may be paid tax
             1179      increment, that representative shall, within 45 days after the vote, provide to the
             1180      representative's respective school board an explanation in writing of the representative's vote
             1181      and the reasons for the vote.
             1182          [(8)] (11) (a) The [assessor] auditor of each county in which the agency is located shall
             1183      provide a written report to the taxing entity committee stating, with respect to property within
             1184      each urban renewal and economic development project area:
             1185          (i) the base taxable value, as adjusted by any adjustments under Section[ 17B-4-1006]
             1186      17C-1-408 ; and
             1187          (ii) the assessed value.
             1188          (b) With respect to the information required under Subsection [(8)] (11)(a), the
             1189      [assessor] auditor shall provide:
             1190          (i) actual amounts for each year from the adoption of the urban renewal and economic
             1191      development project area plan to the time of the report; and
             1192          (ii) estimated amounts for each year beginning the year after the time of the report and
             1193      ending the time that the agency expects no longer to be paid tax increment from property
             1194      within the urban renewal and economic development project area.
             1195          (c) The [assessor] auditor of the county in which the agency is located shall provide a
             1196      report under this Subsection [(8)] (11):
             1197          (i) at least annually; and
             1198          (ii) upon request of the taxing entity committee, before a taxing entity committee
             1199      meeting at which the committee will consider whether to allow the agency to be paid tax
             1200      increment or to increase the amount of tax increment that the agency may be paid or the length
             1201      of time that the agency may be paid tax increment.
             1202          (12) This section does not apply to a community development project area plan.
             1203          Section 26. Section 17C-1-403 , which is renumbered from Section 17B-4-1003 is


             1204      renumbered and amended to read:
             1205           [17B-4-1003].     17C-1-403. Tax increment under a pre-July 1, 1993 project
             1206      area plan.
             1207          (1) This section applies to tax increment under a pre-July 1, 1993 project area plan
             1208      only.
             1209          (2) (a) Beginning with the first tax year after April 1, 1983 for which an agency accepts
             1210      tax increment, an agency may be paid:
             1211          (i) (A) for the first through the fifth tax years, 100% of tax increment;
             1212          (B) for the sixth through the tenth tax years, 80% of tax increment;
             1213          (C) for the eleventh through the fifteenth tax years, 75% of tax increment;
             1214          (D) for the sixteenth through the twentieth tax years, 70% of tax increment; and
             1215          (E) for the twenty-first through the twenty-fifth tax years, 60% of tax increment; or
             1216          (ii) for an agency that has caused a taxing entity committee to be created under
             1217      Subsection [ 17B-4-1002 ] 17C-1-402 (1), any percentage of tax increment up to 100% and for
             1218      any length of time that the taxing entity committee approves.
             1219          (b) Notwithstanding any other provision of this section:
             1220          (i) an agency may be paid 100% of tax increment from a project area for 32 years after
             1221      April 1, 1983 to pay principal and interest on agency indebtedness incurred before April 1,
             1222      1983, even though the size of the project area from which tax increment is paid to the agency
             1223      exceeds 100 acres of privately owned property under a project area plan adopted on or before
             1224      April 1, 1983; and
             1225          (ii) for up to 32 years after April 1, 1983, an agency debt incurred before April 1, 1983
             1226      may be refinanced and paid from 100% of tax increment if the principal amount of the debt is
             1227      not increased in the refinancing.
             1228          (3) (a) For purposes of this Subsection (3), "additional tax increment" means the
             1229      difference between 100% of tax increment for a tax year and the amount of tax increment an
             1230      agency is paid for that tax year under the percentages and time periods specified in Subsection
             1231      (2)(a).
             1232          (b) Notwithstanding the tax increment percentages and time periods in Subsection
             1233      (2)(a) [and Subsection 17B-4-403 (1)(m)(i)], an agency may be paid additional tax increment
             1234      for a period ending 32 years after the first tax year after April 1, 1983 for which the agency


             1235      receives tax increment from the project area if:
             1236          (i) (A) the additional tax increment is used solely to pay all or part of the value of the
             1237      land for and the cost of the installation and construction of a publicly or privately owned
             1238      convention center or sports complex or any building, facility, structure, or other improvement
             1239      related to the convention center or sports complex, including parking and infrastructure
             1240      improvements;
             1241          (B) construction of the convention center or sports complex or related building,
             1242      facility, structure, or other improvement is commenced on or before June 30, 2002;
             1243          (C) the additional tax increment is pledged to pay all or part of the value of the land for
             1244      and the cost of the installation and construction of the convention center or sports complex or
             1245      related building, facility, structure, or other improvement; and
             1246          (D) the agency board and the community legislative body have determined by
             1247      resolution that the convention center or sports complex is:
             1248          (I) within and a benefit to a project area;
             1249          (II) not within but still a benefit to a project area; or
             1250          (III) within a project area in which substantially all of the land is publicly owned and a
             1251      benefit to the community; or
             1252          [(i)] (ii) (A) the additional tax increment is used to pay some or all of the cost of the
             1253      land for and installation and construction of a recreational facility, as defined in Section
             1254      59-12-702 , or a cultural facility, including parking and infrastructure improvements related to
             1255      the recreational or cultural facility, whether or not the facility is located within a project area;
             1256          [(ii)] (B) construction of the recreational or cultural facility is commenced on or before
             1257      December 31, 2005; and
             1258          [(iii)] (C) the additional tax increment is pledged on or before July 1, 2005, to pay all
             1259      or part of the cost of the land for and the installation and construction of the recreational or
             1260      cultural facility, including parking and infrastructure improvements related to the recreational
             1261      or cultural facility.
             1262          (c) Notwithstanding Subsection (3)(b)(ii), a school district may not, without its
             1263      consent, be paid less tax increment because of application of Subsection (3)(b)(ii) than it would
             1264      have been paid without that subsection.
             1265          (4) Notwithstanding any other provision of this section, an agency may use tax


             1266      increment received under Subsection (2) for any of the uses indicated in Subsection (3).
             1267          Section 27. Section 17C-1-404 , which is renumbered from Section 17B-4-1004 is
             1268      renumbered and amended to read:
             1269           [17B-4-1004].     17C-1-404. Tax increment under a post-June 30, 1993
             1270      project area plan.
             1271          (1) This section applies to tax increment under a post-June 30, 1993 project area plan
             1272      adopted before May 1, 2006, only.
             1273          (2) An agency board may provide in the project area budget for the agency to be paid:
             1274          (a) if 20% of the project area budget is allocated for housing under Section
             1275      [ 17B-4-504 ] 17C-2-203 :
             1276          (i) 100% of annual tax increment for 15 years;
             1277          (ii) 75% of annual tax increment for 24 years; or
             1278          (iii) if approved by the taxing entity committee, any percentage of tax increment up to
             1279      100%, or any specified dollar amount, for any period of time; or
             1280          (b) if 20% of the project area budget is not allocated for housing under Section
             1281      [ 17B-4-504 ] 17C-2-203 :
             1282          (i) 100% of annual tax increment for 12 years;
             1283          (ii) 75% of annual tax increment for 20 years; or
             1284          (iii) if approved by the taxing entity committee, any percentage of tax increment up to
             1285      100%, or any specified dollar amount, for any period of time.
             1286          [(3) (a) An agency may, without the approval of the taxing entity committee, elect to be
             1287      paid 100% of annual tax increment for each year beyond the periods specified in Subsection (2)
             1288      to a maximum of 25 years, including the years the agency is paid tax increment under
             1289      Subsection (2), if:]
             1290          [(i) for an agency in a city in which is located all or a portion of an interchange on I-15
             1291      or that would directly benefit from an interchange on I-15:]
             1292          [(A) the tax increment paid to the agency during the additional years is used to pay
             1293      some or all of the cost of the installation, construction, or reconstruction of:]
             1294          [(I) an interchange on I-15, whether or not the interchange is located within a project
             1295      area; or]
             1296          [(II) frontage and other roads connecting to the interchange, as determined by the


             1297      Department of Transportation created under Section 72-1-201 and the Transportation
             1298      Commission created under Section 72-1-301 , whether or not the frontage or other road is
             1299      located within a project area; and]
             1300          [(B) the installation, construction, or reconstruction of the interchange or frontage and
             1301      other roads has begun on or before June 30, 2002;]
             1302          [(ii) for an agency in a city of the first or second class:]
             1303          [(A) the tax increment paid to the agency during the additional years is used to pay
             1304      some or all of the cost of the land for and installation and construction of a recreational facility,
             1305      as defined in Section 59-12-702 , or a cultural facility, including parking and infrastructure
             1306      improvements related to the recreational or cultural facility, whether or not the facility is
             1307      located within a project area; and]
             1308          [(B) the installation or construction of the recreational or cultural facility has begun on
             1309      or before June 30, 2002.]
             1310          [(b) Notwithstanding any other provision of this section, an agency may use tax
             1311      increment received under Subsection (2) for any of the uses indicated in this Subsection (3).]
             1312          [(c) Notwithstanding Subsection (3)(a), a school district may not, without its consent,
             1313      receive less tax increment because of application of Subsection (3)(a) than it would have
             1314      received without that subsection.]
             1315          [(4) An agency may not be paid tax increment from the project area for more than 25
             1316      years.]
             1317          [(5) (a) A school district that levies a tax on property located within a project area
             1318      under an education housing development project area plan may elect not to allow the agency to
             1319      be paid tax increment from the property tax revenues generated by the school district.]
             1320          [(b) An election under Subsection (5)(a) shall be made in writing to the agency before
             1321      the taxing entity committee's approval of the project area budget.]
             1322          [(c) If a school district makes an election under this Subsection (5):]
             1323          [(i) the agency may not be paid tax increment from property tax revenues generated by
             1324      the school district; and]
             1325          [(ii) the school district representatives and the State Board of Education representative
             1326      on the taxing entity committee may not vote on any matter concerning the education housing
             1327      development project area or project area budget.]


             1328          Section 28. Section 17C-1-405 is enacted to read:
             1329          17C-1-405. Tax increment under a project area plan adopted on or after May 1,
             1330      2006.
             1331          (1) This section applies to tax increment under a project area plan adopted on or after
             1332      May 1, 2006.
             1333          (2) Subject to the approval of the taxing entity committee, an agency board may
             1334      provide in the project area budget for the agency to be paid any percentage of tax increment up
             1335      to 100% or any specified dollar amount of tax increment for any period of time.
             1336          Section 29. Section 17C-1-406 is enacted to read:
             1337          17C-1-406. Additional tax increment under certain post-June 30, 1993 project
             1338      area plans.
             1339          (1) This section applies to a post-June 30, 1993 project area plan adopted before May
             1340      1, 2006.
             1341          (2) An agency may, without the approval of the taxing entity committee, elect to be
             1342      paid 100% of annual tax increment for each year beyond the periods specified in Subsection
             1343      17C-1-404 (2) to a maximum of 25 years, including the years the agency is paid tax increment
             1344      under Subsection 17C-1-404 (2), if:
             1345          (a) for an agency in a city in which is located all or a portion of an interchange on I-15
             1346      or that would directly benefit from an interchange on I-15:
             1347          (i) the tax increment paid to the agency during the additional years is used to pay some
             1348      or all of the cost of the installation, construction, or reconstruction of:
             1349          (A) an interchange on I-15, whether or not the interchange is located within a project
             1350      area; or
             1351          (B) frontage and other roads connecting to the interchange, as determined by the
             1352      Department of Transportation created under Section 72-1-201 and the Transportation
             1353      Commission created under Section 72-1-301 , whether or not the frontage or other road is
             1354      located within a project area; and
             1355          (ii) the installation, construction, or reconstruction of the interchange or frontage and
             1356      other roads has begun on or before June 30, 2002; or
             1357          (b) for an agency in a city of the first or second class:
             1358          (i) the tax increment paid to the agency during the additional years is used to pay some


             1359      or all of the cost of the land for and installation and construction of a recreational facility, as
             1360      defined in Section 59-12-702 , or a cultural facility, including parking and infrastructure
             1361      improvements related to the recreational or cultural facility, whether or not the facility is
             1362      located within a project area; and
             1363          (ii) the installation or construction of the recreational or cultural facility has begun on
             1364      or before June 30, 2002.
             1365          (3) Notwithstanding any other provision of this section, an agency may use tax
             1366      increment received under Subsection 17C-1-404 (2) for any of the uses indicated in this section.
             1367          (4) Notwithstanding Subsection (2), a school district may not, without its consent,
             1368      receive less tax increment because of application of Subsection (2) than it would have received
             1369      without that subsection.
             1370          Section 30. Section 17C-1-407 , which is renumbered from Section 17B-4-1005 is
             1371      renumbered and amended to read:
             1372           [17B-4-1005].     17C-1-407. Limitations on tax increment.
             1373          (1) (a) If the development of retail sales of goods is the primary objective of [the] an
             1374      urban renewal project area, tax increment from the urban renewal project area may not be paid
             1375      to or used by an agency unless a finding of blight is made under Chapter 2, Part [6] 3, Blight
             1376      Determination in [Redevelopment] Urban Renewal Project Areas.
             1377          (b) [Incidental or subordinate development] Development of retail sales of goods does
             1378      not disqualify an agency from receiving tax increment.
             1379          (c) [From] After July 1, 2005 [through June 30, 2006], an agency may not be paid or
             1380      use tax increment generated from the value of property within an economic development [or
             1381      education housing development] project area that is attributable to the development of retail
             1382      sales of goods, unless the tax increment was previously pledged to pay for bonds or other
             1383      contractual obligations of the agency.
             1384          (2) (a) An agency may not be paid any portion of a taxing entity's taxes resulting from
             1385      an increase in the taxing entity's tax rate that occurs after the taxing entity committee approves
             1386      the project area budget unless, at the time the taxing entity committee approves the project area
             1387      budget, the taxing entity committee approves payment of those increased taxes to the agency.
             1388          (b) If the taxing entity committee does not approve of payment of the increased taxes to
             1389      the agency under Subsection (2)(a), the county shall distribute to the taxing entity the taxes


             1390      attributable to the tax rate increase in the same manner as other property taxes.
             1391          Section 31. Section 17C-1-408 , which is renumbered from Section 17B-4-1006 is
             1392      renumbered and amended to read:
             1393           [17B-4-1006].     17C-1-408. Base taxable value to be adjusted to reflect other
             1394      changes.
             1395          (1) (a) (i) As used in this Subsection (1), "qualifying decrease" means:
             1396          (A) a decrease of more than 20% from the previous tax year's levy; or
             1397          (B) a cumulative decrease over a consecutive five-year period of more than 100% from
             1398      the levy in effect at the beginning of the five-year period.
             1399          (ii) The year in which a qualifying decrease under Subsection (1)(a)(i)(B) occurs is the
             1400      fifth year of the five-year period.
             1401          (b) If there is a qualifying decrease in the minimum basic school levy under Section
             1402      59-2-902 that would result in a reduction of the amount of tax increment to be paid to an
             1403      agency:
             1404          (i) the base taxable value of taxable property within the project area shall be reduced in
             1405      the year of the qualifying decrease to the extent necessary, even if below zero, to provide the
             1406      agency with approximately the same amount of tax increment that would have been paid to the
             1407      agency each year had the qualifying decrease not occurred; and
             1408          (ii) the amount of tax increment paid to the agency each year for the payment of bonds
             1409      and indebtedness may not be less than what would have been paid to the agency if there had
             1410      been no qualifying decrease.
             1411          (2) (a) The amount of the base taxable value to be used in determining tax increment
             1412      shall be:
             1413          (i) increased or decreased by the amount of an increase or decrease that results from:
             1414          (A) a statute enacted by the Legislature or by the people through an initiative;
             1415          (B) a judicial decision;
             1416          (C) an order from the State Tax Commission to a county to adjust or factor its
             1417      assessment rate under Subsection 59-2-704 (2);
             1418          (D) a change in exemption provided in Utah Constitution Article XIII, Section 2, or
             1419      Section 59-2-103 ; or
             1420          (E) an increase or decrease in the percentage of fair market value, as defined under


             1421      Section 59-2-102 ; and
             1422          (ii) reduced for any year to the extent necessary, even if below zero, to provide an
             1423      agency with approximately the same amount of money the agency would have received without
             1424      a reduction in the county's certified tax rate if:
             1425          (A) in that year there is a decrease in the county's certified tax rate under Subsection
             1426      59-2-924 (2)(c) or (d)(i);
             1427          (B) the amount of the decrease is more than 20% of the county's certified tax rate of the
             1428      previous year; and
             1429          (C) the decrease would result in a reduction of the amount of tax increment to be paid
             1430      to the agency.
             1431          (b) Notwithstanding an increase or decrease under Subsection (2)(a), the amount of tax
             1432      increment paid to an agency each year for payment of bonds or other indebtedness may not be
             1433      less than would have been paid to the agency each year if there had been no increase or
             1434      decrease under Subsection (2)(a).
             1435          Section 32. Section 17C-1-409 , which is renumbered from Section 17B-4-1007 is
             1436      renumbered and amended to read:
             1437           [17B-4-1007].     17C-1-409. Allowable uses of tax increment and sales tax.
             1438          (1) (a) An agency may use tax increment and sales tax proceeds received from a taxing
             1439      entity:
             1440          (i) for any of the purposes for which the use of tax increment is authorized under this
             1441      [chapter] title;
             1442          (ii) for administrative, overhead, legal, and other operating expenses of the agency; or
             1443          [(ii)] (iii) to pay for, including financing or refinancing, all or part of:
             1444          (A) the [redevelopment] urban renewal, economic development, or [education housing]
             1445      community development in the project area from which the tax increment funds were collected;
             1446          (B) housing expenditures, projects, or programs as provided in Section [ 17B-4-1009 ]
             1447      17C-1-411 or [ 17B-4-1010 ] 17C-1-412 ;
             1448          (C) with the consent of the community legislative body and subject to Subsection [(3)]
             1449      (6), the value of the land for and the cost of the installation and construction of any publicly
             1450      owned building, facility, structure, landscaping, or other improvement within the project area
             1451      from which the tax increment funds were collected; and


             1452          (D) with the consent of the community legislative body and the taxing entity
             1453      committee, the cost of the installation of publicly owned [utilities and access] infrastructure
             1454      and improvements outside the project area from which the tax increment funds were collected
             1455      if the agency board and the community legislative body determine by resolution that the
             1456      [utilities and access] publicly owned infrastructure and improvements are of benefit to the
             1457      project area[; or].
             1458          [(iii) for administrative, overhead, legal, and other operating expenses of the agency.]
             1459          (b) The determination of the agency board and the community legislative body under
             1460      Subsection (1)(a)[(ii)](iii)(D) regarding benefit to the project area shall be final and conclusive.
             1461          (2) Sales tax proceeds that an agency receives from another public entity are not
             1462      subject to the prohibition or limitations of Title 11, Chapter 41, Prohibition on Sales and Use
             1463      Tax Incentive Payments Act.
             1464          (3) An agency may use sales tax proceeds it receives under a resolution or interlocal
             1465      agreement under Section 17C-4-201 for the uses authorized in the resolution or interlocal
             1466      agreement.
             1467          [(2)] (4) (a) An agency may contract with the community that created the agency or
             1468      another public entity to use tax increment to reimburse the cost of items authorized by this
             1469      [chapter] title to be paid by the agency that have been or will be paid by the community or
             1470      other public entity.
             1471          (b) If land has been or will be acquired or the cost of an improvement has been or will
             1472      be paid by another public entity and the land or improvement has been or will be leased to the
             1473      community, an agency may contract with and make reimbursement from tax increment funds to
             1474      the community.
             1475          (5) An agency created by a city of the first or second class may use tax increment from
             1476      one project area in another project area to pay all or part of the value of the land for and the
             1477      cost of the installation and construction of a publicly or privately owned convention center or
             1478      sports complex or any building, facility, structure, or other improvement related to the
             1479      convention center or sports complex, including parking and infrastructure improvements, if:
             1480          (a) construction of the convention center or sports complex or related building, facility,
             1481      structure, or other improvement is commenced on or before June 30, 2002; and
             1482          (b) the tax increment is pledged to pay all or part of the value of the land for and the


             1483      cost of the installation and construction of the convention center or sports complex or related
             1484      building, facility, structure, or other improvement.
             1485          [(3)] (6) Notwithstanding any other provision of this [chapter] title, an agency may not
             1486      use tax increment to construct municipal buildings, courts or other judicial buildings, or fire
             1487      stations.
             1488          [(4)] (7) Notwithstanding any other provision of this [chapter] title, an agency may not
             1489      use tax increment under an urban renewal or economic development project area plan, to pay
             1490      any of the cost of the land, infrastructure, or construction of a stadium or arena constructed
             1491      after March 1, 2005, unless the tax increment has been pledged for that purpose before
             1492      February 15, 2005.
             1493          Section 33. Section 17C-1-410 , which is renumbered from Section 17B-4-1008 is
             1494      renumbered and amended to read:
             1495           [17B-4-1008].     17C-1-410. Agency may make payments to other taxing
             1496      entities.
             1497          (1) [An] Subject to Subsection (3), an agency may grant tax increment or other agency
             1498      funds to a taxing entity to offset some or all of the tax revenues that the taxing entity did not
             1499      receive because of tax increment paid to the agency.
             1500          (2) (a) [An] Subject to Subsection (3), an agency may use tax increment or other
             1501      agency funds to pay to a school district an amount of money that the agency determines to be
             1502      appropriate to alleviate a financial burden or detriment borne by the school district because of
             1503      the [redevelopment] urban renewal, economic development, or [education housing] community
             1504      development.
             1505          (b) Each agency that agrees to pay money to a school district under the authority of
             1506      Subsection (2)(a) shall provide a copy of that agreement to the State Board of Education.
             1507          (3) (a) If an agency intends to pay agency funds to one or more taxing entities under
             1508      Subsection (1) or (2) but does not intend to pay funds to all taxing entities in proportionally
             1509      equal amounts, the agency shall provide written notice to each taxing entity of its intent.
             1510          (b) (i) A taxing entity receiving notice under Subsection (3)(a) may elect not to have its
             1511      tax increment collected and used to pay funds to other taxing entities under this section.
             1512          (ii) Each election under Subsection (3)(b)(i) shall be:
             1513          (A) in writing; and


             1514          (B) delivered to the agency within 30 days after the taxing entity's receipt of the notice
             1515      under Subsection (3)(a).
             1516          (c) If a taxing entity makes an election under Subsection (3)(b), the portion of that
             1517      taxing entity's tax increment that would have been used by the agency to pay funds under this
             1518      section to one or more other taxing entities may not be collected from the taxing entity.
             1519          Section 34. Section 17C-1-411 , which is renumbered from Section 17B-4-1009 is
             1520      renumbered and amended to read:
             1521           [17B-4-1009].     17C-1-411. Agency may use tax increment for housing costs
             1522      in other project areas -- Funds to be held in separate accounts.
             1523          [(1) For purposes of this section, "affordable housing" means housing to be owned or
             1524      occupied by persons and families of low or moderate income, as determined by resolution of
             1525      the agency.]
             1526          [(2)] (1) An agency may:
             1527          (a) use tax increment from a project area to pay all or part of the value of the land for
             1528      and the cost of installation, construction, and rehabilitation of any building, facility, structure,
             1529      or other housing improvement, including infrastructure improvements related to housing,
             1530      located in any project area within the agency's boundaries; and
             1531          (b) use up to 20% of tax increment outside of project areas for the purpose of replacing
             1532      housing units lost by [redevelopment] urban renewal, economic development, or [education
             1533      housing] community development, or increasing, improving, and preserving generally the
             1534      affordable housing supply of the community that created the agency.
             1535          [(3)] (2) (a) Each agency shall separately account for funds allocated under this section.
             1536          (b) Interest earned by the housing fund and any payments or repayments made to the
             1537      agency for loans, advances, or grants of any kind from the fund, shall accrue to the housing
             1538      fund.
             1539          (c) Each agency designating a housing fund under this section shall use the fund for:
             1540          (i) the purposes set forth in this section; or
             1541          (ii) the purposes set forth in this [chapter] title relating to the [redevelopment] urban
             1542      renewal, economic development, or [education housing] community development project area
             1543      from which the funds originated.
             1544          [(4)] (3) An agency may lend, grant, or contribute funds from the housing fund to a


             1545      person, public entity, housing authority, private entity or business, or nonprofit corporation for
             1546      affordable housing.
             1547          Section 35. Section 17C-1-412 , which is renumbered from Section 17B-4-1010 is
             1548      renumbered and amended to read:
             1549           [17B-4-1010].     17C-1-412. Income targeted housing -- Agency may use tax
             1550      increment for income targeted housing.
             1551          [(1) As used in this section:]
             1552          [(a) "Annual income" has the meaning as defined under regulations of the U.S.
             1553      Department of Housing and Urban Development, 24 CFR, Part 813, as amended or as
             1554      superseded by replacement regulations.]
             1555          [(b) "Fair share ratio" means the ratio derived by:]
             1556          [(i) for a city or town, comparing the percentage of all housing units within the city or
             1557      town that are publicly subsidized income targeted housing units to the percentage of all
             1558      housing units within the whole county that are publicly subsidized income targeted housing
             1559      units; or]
             1560          [(ii) for the unincorporated part of a county, comparing the percentage of all housing
             1561      units within the unincorporated county that are publicly subsidized income targeted housing
             1562      units to the percentage of all housing units within the whole county that are publicly subsidized
             1563      income targeted housing units.]
             1564          [(c) "Family" has the meaning as defined under regulations of the U.S. Department of
             1565      Housing and Urban Development, 24 CFR, Part 813, as amended or as superseded by
             1566      replacement regulations.]
             1567          [(d) "Housing funds" means the funds allocated in the project area budget under
             1568      Section 17B-4-504 for the purposes provided in Subsection (2).]
             1569          [(e) "Income targeted housing" means housing to be owned or occupied by a family
             1570      whose annual income is at or below 80% of the median annual income for the county in which
             1571      the housing is located.]
             1572          [(f) "Unincorporated" means not within a city or town.]
             1573          [(2)] (1) (a) Each agency shall use all funds allocated for housing under this section to:
             1574          (i) pay part or all of the cost of land or construction of income targeted housing within
             1575      the community that created the agency, if practicable in a mixed income development or area;


             1576          (ii) pay part or all of the cost of rehabilitation of income targeted housing within the
             1577      community that created the agency;
             1578          (iii) pay part or all of the cost of land or installation, construction, or rehabilitation of
             1579      any building, facility, structure, or other housing improvement, including infrastructure
             1580      improvements, related to housing located in a project area where blight has been found to exist;
             1581          (iv) replace housing units lost as a result of the [redevelopment] urban renewal,
             1582      economic development, or [education housing] community development;
             1583          (v) make payments on or establish a reserve fund for bonds:
             1584          (A) issued by the agency, the community, or the housing authority that provides
             1585      income targeted housing within the community; and
             1586          (B) all or part of the proceeds of which are used within the community for the purposes
             1587      stated in Subsection [(2)] (1)(a)(i), (ii), (iii), or (iv); or
             1588          (vi) if the community's fair share ratio at the time of the first adoption of the project
             1589      area budget is at least 1.1 to 1.0, make payments on bonds:
             1590          (A) that were previously issued by the agency, the community, or the housing authority
             1591      that provides income targeted housing within the community; and
             1592          (B) all or part of the proceeds of which were used within the community for the
             1593      purposes stated in Subsection [(2)] (1)(a)(i), (ii), (iii), or (iv).
             1594          (b) As an alternative to the requirements of Subsection [(2)] (1)(a), an agency may pay
             1595      all or any portion of housing funds to:
             1596          (i) the community for use as provided under Subsection [(2)] (1)(a);
             1597          (ii) the housing authority that provides income targeted housing within the community
             1598      for use in providing income targeted housing within the community; or
             1599          (iii) the Olene Walker Housing Loan Fund, established under Title 9, Chapter 4, Part 7,
             1600      Olene Walker Housing Loan Fund, for use in providing income targeted housing within the
             1601      community.
             1602          [(3)] (2) The agency or community shall separately account for the housing funds,
             1603      together with all interest earned by the housing funds and all payments or repayments for loans,
             1604      advances, or grants from the housing funds.
             1605          [(4)] (3) In using housing funds under Subsection [(2)] (1)(a), an agency may lend,
             1606      grant, or contribute housing funds to a person, public body, housing authority, private entity or


             1607      business, or nonprofit organization for use as provided in Subsection [(2)] (1)(a).
             1608          [(5)] (4) An agency may:
             1609          (a) issue bonds from time to time to finance a housing undertaking under this section,
             1610      including the payment of principal and interest upon advances for surveys and plans or
             1611      preliminary loans; and
             1612          (b) issue refunding bonds for the payment or retirement of bonds under Subsection
             1613      [(5)] (4)(a) previously issued by the agency.
             1614          [(6)] (5) (a) If an agency fails to provide housing funds in accordance with the project
             1615      area budget and, if applicable, the housing plan adopted under Subsection [ 17B-4-505 ]
             1616      17C-2-204 (2), the loan fund board may bring legal action to compel the agency to provide the
             1617      housing funds.
             1618          (b) In an action under Subsection [(6)] (5)(a), the court:
             1619          (i) shall award the loan fund board a reasonable attorney's fee, unless the court finds
             1620      that the action was frivolous; and
             1621          (ii) may not award the agency its attorney's fees, unless the court finds that the action
             1622      was frivolous.
             1623          Section 36. Section 17C-1-413 , which is renumbered from Section 17B-4-1011 is
             1624      renumbered and amended to read:
             1625           [17B-4-1011].     17C-1-413. Base taxable value for new tax.
             1626          For purposes of calculating tax increment with respect to a tax that a taxing entity levies
             1627      for the first time after the effective date of the project area plan, the base taxable value shall be
             1628      used, subject to any adjustments under Section [ 17B-4-1006 ] 17C-1-408 .
             1629          Section 37. Section 17C-1-501 , which is renumbered from Section 17B-4-1201 is
             1630      renumbered and amended to read:
             1631     
Part 5. Agency Bonds

             1632           [17B-4-1201].     17C-1-501. Resolution authorizing issuance of agency bonds
             1633      -- Characteristics of bonds.
             1634          (1) An agency may not issue bonds under this part unless the agency board first adopts
             1635      a resolution authorizing their issuance.
             1636          (2) (a) As provided in the agency resolution authorizing the issuance of bonds under
             1637      this part or the trust indenture under which the bonds are issued, bonds issued under this part


             1638      may be issued in one or more series and may be sold at public or private sale and in the manner
             1639      provided in the resolution or indenture.
             1640          (b) Bonds issued under this part shall bear the date, be payable at the time, bear interest
             1641      at the rate, be in the denomination and in the form, carry the conversion or registration
             1642      privileges, have the rank or priority, be executed in the manner, be subject to the terms of
             1643      redemption or tender, with or without premium, be payable in the medium of payment and at
             1644      the place, and have other characteristics as provided in the agency resolution authorizing their
             1645      issuance or the trust indenture under which they are issued.
             1646          Section 38. Section 17C-1-502 , which is renumbered from Section 17B-4-1202 is
             1647      renumbered and amended to read:
             1648           [17B-4-1202].     17C-1-502. Sources from which bonds may be made payable
             1649      -- Agency powers regarding bonds.
             1650          (1) The principal and interest on bonds issued by an agency may be made payable
             1651      from:
             1652          (a) the income and revenues of the projects financed with the proceeds of the bonds;
             1653          (b) the income and revenues of certain designated projects whether or not they were
             1654      financed in whole or in part with the proceeds of the bonds;
             1655          (c) the income, proceeds, revenues, property, and funds of the agency derived from or
             1656      held in connection with its undertaking and carrying out [redevelopment] urban renewal,
             1657      economic development, or [education housing] community development;
             1658          (d) tax increment funds;
             1659          (e) agency revenues generally;
             1660          (f) a contribution, loan, grant, or other financial assistance from the federal government
             1661      or a public entity in aid of [redevelopment] urban renewal, economic development, or
             1662      [education housing] community development; or
             1663          (g) funds derived from any combination of the methods listed in Subsections (1)(a)
             1664      through (f).
             1665          (2) In connection with the issuance of agency bonds, an agency may:
             1666          (a) pledge all or any part of its gross or net rents, fees, or revenues to which its right
             1667      then exists or may thereafter come into existence;
             1668          (b) encumber by mortgage, deed of trust, or otherwise all or any part of its real or


             1669      personal property, then owned or thereafter acquired; and
             1670          (c) make the covenants and take the action that may be necessary, convenient, or
             1671      desirable to secure its bonds, or, except as otherwise provided in this chapter, that will tend to
             1672      make the bonds more marketable, even though such covenants or actions are not specifically
             1673      enumerated in this chapter.
             1674          Section 39. Section 17C-1-503 , which is renumbered from Section 17B-4-1203 is
             1675      renumbered and amended to read:
             1676           [17B-4-1203].     17C-1-503. Signature of officer who leaves office.
             1677          If an agency officer whose signature appears on a bond issued under this part leaves
             1678      office before delivery of the bond, the signature shall continue to be valid as if the official had
             1679      remained in office until delivery of the bond.
             1680          Section 40. Section 17C-1-504 , which is renumbered from Section 17B-4-1204 is
             1681      renumbered and amended to read:
             1682           [17B-4-1204].     17C-1-504. Contesting the legality of resolution authorizing
             1683      bonds -- Time limit -- Presumption.
             1684          (1) Any person may contest the legality of the resolution authorizing issuance of the
             1685      bonds or any provisions for the security and payment of the bonds for a period of 30 days after:
             1686          (a) publication of the resolution authorizing the bonds; or
             1687          (b) publication of a notice of bonds containing substantially the items required under
             1688      Subsection 11-14-316 (2).
             1689          (2) After the 30-day period under Subsection (1), no lawsuit or other proceeding may
             1690      be brought contesting the regularity, formality, or legality of the bonds for any reason.
             1691          (3) In a lawsuit or other proceeding involving the question of whether a bond issued
             1692      under this part is valid or enforceable or involving the security for a bond, if a bond recites that
             1693      the agency issued the bond in connection with [a redevelopment] an urban renewal, economic
             1694      development, or [education housing] community development project:
             1695          (a) the bond shall be conclusively presumed to have been issued for that purpose; and
             1696          (b) the project area plan and project area shall be conclusively presumed to have been
             1697      properly formed, adopted, planned, located, and carried out in accordance with this [chapter]
             1698      title.
             1699          Section 41. Section 17C-1-505 , which is renumbered from Section 17B-4-1205 is


             1700      renumbered and amended to read:
             1701           [17B-4-1205].     17C-1-505. Authority to purchase agency bonds.
             1702          (1) Any person, firm, corporation, association, political subdivision of the state, or
             1703      other entity or public or private officer may purchase bonds issued by an agency under this part
             1704      with funds owned or controlled by the purchaser.
             1705          (2) Nothing in this section may be construed to relieve a purchaser of agency bonds of
             1706      any duty to exercise reasonable care in selecting securities.
             1707          Section 42. Section 17C-1-506 , which is renumbered from Section 17B-4-1206 is
             1708      renumbered and amended to read:
             1709           [17B-4-1206].     17C-1-506. Those executing bonds not personally liable --
             1710      Limitation of obligations under bonds -- Negotiability.
             1711          (1) A member of an agency board or other person executing an agency bond is not
             1712      liable personally on the bond.
             1713          (2) (a) A bond issued by an agency is not a general obligation or liability of the
             1714      community, the state, or any of its political subdivisions and does not constitute a charge
             1715      against their general credit or taxing powers.
             1716          (b) A bond issued by an agency is not payable out of any funds or properties other than
             1717      those of the agency.
             1718          (c) The community, the state, and its political subdivisions may not be liable on a bond
             1719      issued by an agency.
             1720          (d) A bond issued by an agency does not constitute indebtedness within the meaning of
             1721      any constitutional or statutory debt limitation.
             1722          (3) A bond issued by an agency under this part is fully negotiable.
             1723          Section 43. Section 17C-1-507 , which is renumbered from Section 17B-4-1207 is
             1724      renumbered and amended to read:
             1725           [17B-4-1207].     17C-1-507. Obligee rights -- Board may confer other rights.
             1726          (1) In addition to all other rights that are conferred on an obligee of a bond issued by an
             1727      agency under this part and subject to contractual restrictions binding on the obligee, an obligee
             1728      may:
             1729          (a) by mandamus, suit, action, or other proceeding, compel an agency and its board,
             1730      officers, agents, or employees to perform every term, provision, and covenant contained in any


             1731      contract of the agency with or for the benefit of the obligee, and require the agency to carry out
             1732      the covenants and agreements of the agency and to fulfill all duties imposed on the agency by
             1733      this part; and
             1734          (b) by suit, action, or proceeding in equity, enjoin any acts or things that may be
             1735      unlawful or violate the rights of the obligee.
             1736          (2) (a) In a board resolution authorizing the issuance of bonds or in a trust indenture,
             1737      mortgage, lease, or other contract, an agency board may confer upon an obligee holding or
             1738      representing a specified amount in bonds, the rights described in Subsection (2)(b), to accrue
             1739      upon the happening of an event or default prescribed in the resolution, indenture, mortgage,
             1740      lease, or other contract, and to be exercised by suit, action, or proceeding in any court of
             1741      competent jurisdiction.
             1742          (b) (i) The rights that the board may confer under Subsection (2)(a) are the rights to:
             1743          (A) cause possession of all or part of [a redevelopment] an urban renewal, economic
             1744      development, or [education housing] community development project to be surrendered to an
             1745      obligee;
             1746          (B) obtain the appointment of a receiver of all or part of an agency's [redevelopment]
             1747      urban renewal, economic development, or [education housing] community development project
             1748      and of the rents and profits from it; and
             1749          (C) require the agency and its board and employees to account as if the agency and the
             1750      board and employees were the trustees of an express trust.
             1751          (ii) If a receiver is appointed through the exercise of a right granted under Subsection
             1752      (2)(b)(i)(B), the receiver:
             1753          (A) may enter and take possession of the [redevelopment] urban renewal, economic
             1754      development, or [education housing] community development project or any part of it, operate
             1755      and maintain it, and collect and receive all fees, rents, revenues, or other charges arising from it
             1756      after the receiver's appointment; and
             1757          (B) shall keep money collected as receiver for the agency in separate accounts and
             1758      apply it pursuant to the agency obligations as the court directs.
             1759          Section 44. Section 17C-1-508 , which is renumbered from Section 17B-4-1208 is
             1760      renumbered and amended to read:
             1761           [17B-4-1208].     17C-1-508. Bonds exempt from taxes -- Agency may


             1762      purchase its own bonds.
             1763          (1) A bond issued by an agency under this part is issued for an essential public and
             1764      governmental purpose and is, together with interest on the bond and income from it, exempt
             1765      from all state taxes except the corporate franchise tax.
             1766          (2) An agency may purchase its own bonds at a price that its board determines.
             1767          (3) Nothing in this section may be construed to limit the right of an obligee to pursue a
             1768      remedy for the enforcement of a pledge or lien given under this part by an agency on its rents,
             1769      fees, grants, properties, or revenues.
             1770          Section 45. Section 17C-1-601 , which is renumbered from Section 17B-4-1301 is
             1771      renumbered and amended to read:
             1772     
Part 6. Agency Annual Budget and Audit and Other Provisions

             1773           [17B-4-1301].     17C-1-601. Annual agency budget -- Fiscal year -- Public
             1774      hearing required -- Auditor forms -- Requirement to file form.
             1775          (1) Each agency shall prepare and its board adopt an annual budget of revenues and
             1776      expenditures for the agency for each fiscal year.
             1777          (2) Each annual agency budget shall be adopted:
             1778          (a) for an agency created by a city or town, before June 22; or
             1779          (b) for an agency created by a county, before December 15.
             1780          (3) The agency's fiscal year shall be the same as the fiscal year of the community that
             1781      created the agency.
             1782          (4) (a) Before adopting an annual budget, each agency board shall hold a public hearing
             1783      on the annual budget.
             1784          (b) Each agency shall provide notice of the public hearing on the annual budget by:
             1785          (i) publishing at least one notice in a newspaper of general circulation within the
             1786      agency boundaries, one week before the public hearing; or
             1787          (ii) if there is no newspaper of general circulation within the agency boundaries,
             1788      posting a notice of the public hearing in at least three public places within the agency
             1789      boundaries.
             1790          (c) Each agency shall make the annual budget available for public inspection at least
             1791      three days before the date of the public hearing.
             1792          (5) The state auditor shall prescribe the budget forms and the categories to be contained


             1793      in each agency budget, including:
             1794          (a) revenues and expenditures for the budget year;
             1795          (b) legal fees; and
             1796          (c) administrative costs, including rent, supplies, and other materials, and salaries of
             1797      agency personnel.
             1798          (6) (a) Within 30 days after adopting an annual budget, each agency board shall file a
             1799      copy of the annual budget with the auditor of the county in which the agency is located, the
             1800      State Tax Commission, the state auditor, the State Board of Education, and each taxing entity
             1801      that levies a tax on property from which the agency collects tax increment.
             1802          (b) The requirement of Subsection (6)(a) to file a copy of the annual budget with the
             1803      state as a taxing entity is met if the agency files a copy with the State Tax Commission and the
             1804      state auditor.
             1805          Section 46. Section 17C-1-602 , which is renumbered from Section 17B-4-1302 is
             1806      renumbered and amended to read:
             1807           [17B-4-1302].     17C-1-602. Amending the agency annual budget.
             1808          (1) An agency board may by resolution amend an annual agency budget.
             1809          (2) An amendment of the annual agency budget that would increase the total
             1810      expenditures may be made only after public hearing by notice published as required for initial
             1811      adoption of the annual budget.
             1812          (3) An agency may not make expenditures in excess of the total expenditures
             1813      established in the annual budget as it is adopted or amended.
             1814          Section 47. Section 17C-1-603 , which is renumbered from Section 17B-4-1303 is
             1815      renumbered and amended to read:
             1816           [17B-4-1303].     17C-1-603. Agency report.
             1817          (1) (a) On or before November 1 of each year, each agency shall prepare and file a
             1818      report with the county auditor, the State Tax Commission, the State Board of Education, and
             1819      each taxing entity that levies a tax on property from which the agency collects tax increment.
             1820          (b) The requirement of Subsection (1)(a) to file a copy of the report with the state as a
             1821      taxing entity is met if the agency files a copy with the State Tax Commission and the state
             1822      auditor.
             1823          (2) Each report under Subsection (1) shall contain:


             1824          (a) an estimate of the tax increment to be paid to the agency for the calendar year
             1825      ending December 31; and
             1826          (b) an estimate of the tax increment to be paid to the agency for the calendar year
             1827      beginning the next January 1.
             1828          Section 48. Section 17C-1-604 , which is renumbered from Section 17B-4-1304 is
             1829      renumbered and amended to read:
             1830           [17B-4-1304].     17C-1-604. Audit requirements.
             1831          Each agency shall comply with the audit requirements of Title 51, Chapter 2a,
             1832      Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local
             1833      Entities Act.
             1834          Section 49. Section 17C-1-605 , which is renumbered from Section 17B-4-1305 is
             1835      renumbered and amended to read:
             1836           [17B-4-1305].     17C-1-605. Audit report.
             1837          (1) Each agency required to be audited under Section [ 17B-4-1304 ] 17C-1-604 shall,
             1838      within 180 days after the end of the agency's fiscal year, file a copy of the audit report with the
             1839      county auditor, the State Tax Commission, the State Board of Education, and each taxing entity
             1840      that levies a tax on property from which the agency collects tax increment.
             1841          (2) Each audit report under Subsection (1) shall include:
             1842          (a) the tax increment collected by the agency for each project area;
             1843          (b) the amount of tax increment paid to each taxing entity under Section [ 17B-4-1008 ]
             1844      17C-1-410 ;
             1845          (c) the outstanding principal amount of bonds issued or other loans incurred to finance
             1846      the costs associated with the agency's project areas; and
             1847          (d) the actual amount expended for:
             1848          (i) acquisition of property;
             1849          (ii) site improvements or site preparation costs;
             1850          (iii) installation of public utilities or other public improvements; and
             1851          (iv) administrative costs of the agency.
             1852          Section 50. Section 17C-1-606 , which is renumbered from Section 17B-4-1306 is
             1853      renumbered and amended to read:
             1854           [17B-4-1306].     17C-1-606. County auditor report on project areas.


             1855          (1) (a) On or before March 31 of each year, the auditor of each county in which an
             1856      agency is located shall prepare a report on the project areas within each agency.
             1857          (b) The county auditor shall send a copy of each report under Subsection (1)(a) to the
             1858      agency that is the subject of the report, the State Tax Commission, the State Board of
             1859      Education, and each taxing entity that levies a tax on property from which the agency collects
             1860      tax increment.
             1861          (2) Each report under Subsection (1)(a) shall report:
             1862          (a) the total assessed property value within each project area for the previous tax year;
             1863          (b) the base taxable value of property within each project area for the previous tax year;
             1864          (c) the tax increment available to be paid to the agency for the previous tax year;
             1865          (d) the tax increment requested by the agency for the previous tax year; and
             1866          (e) the tax increment paid to the agency for the previous tax year.
             1867          (3) Within 30 days after a request by an agency, the State Tax Commission, the State
             1868      Board of Education, or any taxing entity that levies a tax on property from which the agency
             1869      receives tax increment, the county auditor or the county assessor shall provide access to:
             1870          (a) the county auditor's method and calculations used to make adjustments under
             1871      Section [ 17B-4-1006 ] 17C-1-408 ;
             1872          (b) the unequalized assessed valuation of an existing or proposed project area, or any
             1873      parcel or parcels within an existing or proposed project area, if the equalized assessed valuation
             1874      has not yet been determined for that year; [and]
             1875          (c) the most recent equalized assessed valuation of an existing or proposed project area
             1876      or any parcel or parcels within an existing or proposed project area; and
             1877          (d) the tax rate of each taxing entity adopted as of November 1 for the previous tax
             1878      year.
             1879          Section 51. Section 17C-1-607 is enacted to read:
             1880          17C-1-607. State Tax Commission and county assessor required to account for
             1881      new growth.
             1882          The State Tax Commission and the assessor of each county in which an urban renewal,
             1883      economic development, or community development project area is located shall count as new
             1884      growth the assessed value of property with respect to which the taxing entity is receiving taxes
             1885      or increased taxes for the first time.


             1886          Section 52. Section 17C-1-701 , which is renumbered from Section 17B-4-1401 is
             1887      renumbered and amended to read:
             1888     
Part 7. Agency Dissolution

             1889           [17B-4-1401].     17C-1-701. Dissolution by ordinance -- Restrictions -- Filing
             1890      copy of ordinance -- Agency records -- Dissolution expenses.
             1891          (1) (a) Subject to Subsection (1)(b), the legislative body of the community that created
             1892      an agency may, by ordinance, deactivate and dissolve the agency.
             1893          (b) An ordinance dissolving an agency may not be adopted unless the agency has no
             1894      outstanding bonded indebtedness, other unpaid loans, indebtedness, or advances, and no legally
             1895      binding contractual obligations with persons or entities other than the community.
             1896          (2) (a) Within ten days after adopting an ordinance under Subsection (1), the
             1897      community legislative body shall file a certified copy of the ordinance with the lieutenant
             1898      governor.
             1899          (b) Upon the lieutenant governor's issuance of the certificate of dissolution under
             1900      Section 67-1a-6.5 , the agency is dissolved.
             1901          (c) Within ten days after receiving the certificate of dissolution from the lieutenant
             1902      governor under Section 67-1a-6.5 , the community legislative body shall send a copy of the
             1903      certificate of dissolution and the ordinance adopted under Subsection (1) to the State Board of
             1904      Education, and each taxing entity.
             1905          (d) The community legislative body shall publish a notice of dissolution in a
             1906      newspaper of general circulation in the county in which the dissolved agency is located.
             1907          (3) The books, documents, records, papers, and seal of each dissolved agency shall be
             1908      deposited for safekeeping and reference with the recorder of the community that dissolved the
             1909      agency.
             1910          (4) The agency shall pay all expenses of the deactivation and dissolution.
             1911          Section 53. Section 17C-2-101 , which is renumbered from Section 17B-4-401 is
             1912      renumbered and amended to read:
             1913     
CHAPTER 2. URBAN RENEWAL

             1914     
Part 1. Urban Renewal Project Area Plan

             1915           [17B-4-401].     17C-2-101. Resolution designating survey area -- Request to
             1916      adopt resolution.


             1917          (1) An agency board may begin the process of adopting [a] an urban renewal project
             1918      area plan by adopting a resolution that:
             1919          [(a) for a proposed redevelopment project area plan:]
             1920          [(i)] (a) designates an area located within the agency's boundaries as a survey area;
             1921          [(ii)] (b) contains a statement that the survey area requires study to determine whether:
             1922          [(A)] (i) one or more [redevelopment] urban renewal projects within the survey area
             1923      are feasible; and
             1924          [(B)] (ii) blight exists within the survey area; and
             1925          [(iii)] (c) contains a description or map of the boundaries of the survey area[; or].
             1926          [(b) for a proposed economic development or education housing development project
             1927      area plan, authorizes the preparation of a draft project area plan.]
             1928          (2) (a) Any person or any group, association, corporation, or other entity may submit a
             1929      written request to the board to adopt a resolution under Subsection (1).
             1930          (b) A request under Subsection (2)(a) may include plans showing the [redevelopment,
             1931      economic development, or education housing development] urban renewal proposed for an
             1932      area within the agency's boundaries.
             1933          (c) The board may, in its sole discretion, grant or deny a request under Subsection
             1934      (2)(a).
             1935          Section 54. Section 17C-2-102 , which is renumbered from Section 17B-4-402 is
             1936      renumbered and amended to read:
             1937           [17B-4-402].     17C-2-102. Process for adopting urban renewal project area
             1938      plan -- Prerequisites -- Restrictions.
             1939          (1) (a) In order to adopt [a] an urban renewal project area plan, after adopting a
             1940      resolution under Subsection [ 17B-4-401 ] 17C-2-101 (1) the agency shall:
             1941          (i) cause a blight study to be conducted within the survey area as provided in Section
             1942      17C-2-301 ;
             1943          (ii) provide notice of a blight hearing as required under Part 5, Urban Renewal Notice
             1944      Requirements;
             1945          (iii) hold a blight hearing as provided in Section 17C-2-302 ; and
             1946          (iv) after the blight hearing has been held, hold a board meeting, either in conjunction
             1947      with the blight hearing or at a subsequent board meeting, at which the board shall:


             1948          (A) consider:
             1949          (I) the issue of blight and the evidence and information relating to the existence or
             1950      nonexistence of blight; and
             1951          (II) whether adoption of one or more urban renewal project area plans should be
             1952      pursued; and
             1953          (B) by resolution:
             1954          (I) make a finding regarding the existence of blight in the proposed urban renewal
             1955      project area;
             1956          (II) select one or more project areas comprising part or all of the survey area; and
             1957          (III) authorize the preparation of a draft project area plan for each project area;
             1958          [(a)] (v) prepare a draft of a project area plan and conduct any examination,
             1959      investigation, and negotiation regarding the project area plan that the agency considers
             1960      appropriate;
             1961          [(b) request input on the draft project area plan from the planning commission of the
             1962      community in which the proposed project area is located;]
             1963          [(c)] (vi) make the draft project area plan available to the public at the agency's offices
             1964      during normal business hours;
             1965          [(d)] (vii) provide notice of the plan hearing as provided in Sections [ 17B-4-702 ]
             1966      17C-2-502 and [ 17B-4-704 ] 17C-2-504 ;
             1967          [(e)] (viii) hold a public hearing on the draft project area plan and, at that public
             1968      hearing:
             1969          [(i)] (A) allow public comment on:
             1970          [(A)] (I) the draft project area plan; and
             1971          [(B)] (II) whether the draft project area plan should be revised, approved, or rejected;
             1972      and
             1973          [(ii)] (B) receive all written and hear all oral objections to the draft project area plan;
             1974          [(f)] (ix) before holding the plan hearing, provide an opportunity for the State Board of
             1975      Education and each taxing entity that levies a tax on property within the proposed project area
             1976      to consult with the agency regarding the draft project area plan;
             1977          [(g)] (x) if applicable, hold the election required under Subsection [ 17B-4-406 ]
             1978      17C-2-105 (3);


             1979          [(h) for a redevelopment project area plan:]
             1980          [(i) comply with the requirements of Part 6, Blight Determination in Redevelopment
             1981      Project Areas;]
             1982          [(ii) before providing notice of the plan hearing, hold at least one public hearing to:]
             1983          [(A) inform the public about each area being considered for a redevelopment project
             1984      area; and]
             1985          [(B) allow public input into agency deliberations on proposing each redevelopment
             1986      project area;]
             1987          [(iii) select one or more project areas comprising part or all of the survey area; and]
             1988          [(iv) before sending the first notice to assessment owners of property for a public input
             1989      hearing, blight hearing, or combined public input and blight hearing, prepare and adopt
             1990      guidelines setting forth and governing the reasonable opportunities of record property owners
             1991      and tenants to participate in the redevelopment;]
             1992          [(i)] (xi) after holding the plan hearing, at the same meeting or at a subsequent meeting
             1993      consider:
             1994          [(i)] (A) the oral and written objections to the draft project area plan and evidence and
             1995      testimony for [or] and against adoption of the draft project area plan; and
             1996          [(ii)] (B) whether to revise, approve, or reject the draft project area plan;
             1997          [(j) subject to Subsection (5),] (xii) approve the draft project area plan, with or without
             1998      revisions, as the project area plan by a resolution that complies with Section [ 17B-4-407 ]
             1999      17C-2-106 ; and
             2000          [(k)] (xiii) submit the project area plan to the community legislative body for adoption.
             2001          (b) If an agency makes a finding under Subsection (1)(a)(iv)(B) that blight exists in the
             2002      proposed urban renewal project area, the agency may not adopt the project area plan until the
             2003      taxing entity committee approves the finding of blight.
             2004          (2) An agency may not propose a project area plan under Subsection (1) unless the
             2005      community in which the proposed project area is located:
             2006          (a) has a planning commission; and
             2007          (b) has adopted a general plan under:
             2008          (i) if the community is a city or town, Title 10, Chapter 9a, Part 4, General Plan; or
             2009          (ii) if the community is a county, Title 17, Chapter 27a, Part 4, General Plan.


             2010          (3) (a) Subject to Subsection (3)(b), an agency board may not approve a project area
             2011      plan more than one year after[: (i) for a redevelopment project area plan,] adoption of a
             2012      resolution making a finding of blight under Subsection [ 17B-4-601 (1)(d)(ii); or (ii) for an
             2013      economic development or education housing development project area plan, the date of the
             2014      plan hearing.] (1)(a)(iv)(B).
             2015          (b) If a project area plan is submitted to an election under Subsection [ 17B-4-406 (3)]
             2016      17C-2-105 (3), the time between the plan hearing and the date of the election does not count for
             2017      purposes of calculating the year period under Subsection (3)(a).
             2018          (4) (a) Except as provided in Subsection (4)(b), a draft project area plan may not be
             2019      modified to add real property to the proposed project area unless the board holds a plan hearing
             2020      to consider the addition and gives notice of the plan hearing as required under Sections
             2021      [ 17B-4-702 ] 17C-2-502 and [ 17B-4-704 ] 17C-2-504 .
             2022          (b) The notice and hearing requirements under Subsection (4)(a) do not apply to a draft
             2023      project area plan being modified to add real property to the proposed project area if:
             2024          (i) the property is contiguous to the property already included in the proposed project
             2025      area under the draft project area plan;
             2026          (ii) the record owner of the property consents to adding the real property to the
             2027      proposed project area; and
             2028          (iii) [for a redevelopment project area,] the property is located within the survey area.
             2029          [(5) From July 1, 2005 through June 30, 2006, an agency may not adopt a project area
             2030      plan for a redevelopment project requiring a finding of blight unless:]
             2031          [(a) before February 15, 2005, the agency has authorized a blight study; and]
             2032          [(b) the blight study authorized before February 15, 2005, is completed before July 1,
             2033      2005.]
             2034          Section 55. Section 17C-2-103 , which is renumbered from Section 17B-4-403 is
             2035      renumbered and amended to read:
             2036           [17B-4-403].     17C-2-103. Urban renewal project area plan requirements.
             2037          (1) Each urban renewal project area plan and draft project area plan shall:
             2038          (a) describe the boundaries of the project area;
             2039          (b) contain a general statement of the land uses, layout of principal streets, population
             2040      densities, and building intensities of the project area and how they will be affected by the


             2041      [redevelopment, economic development, or education housing development] urban renewal;
             2042          (c) state the standards that will guide the [redevelopment, economic development, or
             2043      education housing development] urban renewal;
             2044          (d) show how the purposes of this [chapter] title will be attained by the
             2045      [redevelopment, economic development, or education housing development] urban renewal;
             2046          (e) be consistent with the general plan of the community in which the project area is
             2047      located and show that the [redevelopment, economic development, or education housing
             2048      development] urban renewal will conform to the community's general plan;
             2049          (f) [if the agency board made a finding of blight under Subsection 17B-4-601 (1)(d)(ii),]
             2050      describe how the [redevelopment] urban renewal will reduce or eliminate blight in the project
             2051      area;
             2052          [(g) if the project area plan is for economic development, describe how the economic
             2053      development will create additional jobs;]
             2054          [(h) if the project area plan is for education housing development, describe how the
             2055      education housing development will meet the needs of the community in which the project area
             2056      is located;]
             2057          [(i)] (g) describe any specific project or projects that are the object of the proposed
             2058      [redevelopment, economic development, or education housing development] urban renewal;
             2059          [(j)] (h) identify how private developers, if any, will be selected to undertake the
             2060      [redevelopment, economic development, or education housing development] urban renewal
             2061      and identify each private developer currently involved in the [redevelopment, economic
             2062      development, or education housing development] urban renewal process;
             2063          [(k) contain a time limit of no more than three years after adoption of the project area
             2064      plan for the agency to commence implementation of the project area plan, unless the project
             2065      area plan is adopted again as if it were an amended project area plan under Section 17B-4-411 ;]
             2066          [(l) if the project area plan authorizes the use of eminent domain, contain a time limit
             2067      of no more than five years after the effective date of the project area plan for the agency to
             2068      commence acquisition of property through the use of eminent domain;]
             2069          [(m) if the project area plan provides for tax increment to be paid to the agency:]
             2070          [(i) contain a time limit of no more than 25 years for tax increment to be paid to the
             2071      agency from the project area unless the taxing entity committee consents to a longer period;


             2072      and]
             2073          [(ii) contain a provision that the project area may not exceed 100 acres of private real
             2074      property unless:]
             2075          [(A) the agency obtains the consent of the taxing entity committee; or]
             2076          [(B) the project area is a superfund site;]
             2077          [(n)] (i) state the reasons for the selection of the project area;
             2078          [(o)] (j) describe the physical, social, and economic conditions existing in the project
             2079      area;
             2080          [(p) provide a financial analysis describing the proposed method of financing the
             2081      proposed redevelopment, economic development, or education housing development;]
             2082          [(q)] (k) describe any tax incentives offered private entities for facilities located in the
             2083      project area;
             2084          [(r) contain the report and state any recommendations of the community's planning
             2085      commission;]
             2086          [(s)] (l) include [an] the analysis[, as provided] described in Subsection (2)[, of
             2087      whether adoption of the project area plan is:];
             2088          [(i) for a redevelopment project area plan, necessary and appropriate to reduce or
             2089      eliminate blight; or]
             2090          [(ii) for an economic development or education housing development project area plan,
             2091      beneficial under a benefit analysis;]
             2092          [(t)] (m) if any of the existing buildings or uses in the project area are included in or
             2093      eligible for inclusion in the National Register of Historic Places or the State Register, state that
             2094      the agency shall comply with Subsection 9-8-404 (1) as though the agency were a state agency;
             2095      and
             2096          [(u)] (n) include other information that the agency determines to be necessary or
             2097      advisable.
             2098          (2) Each analysis under Subsection (1)[(s)(ii)](l) shall consider:
             2099          (a) the benefit of any financial assistance or other public subsidy proposed to be
             2100      provided by the agency, including:
             2101          (i) an evaluation of the reasonableness of the costs of [economic development or
             2102      education housing development] the urban renewal;


             2103          (ii) efforts the agency or developer has made or will make to maximize private
             2104      investment;
             2105          (iii) the rationale for use of tax increment, including an analysis of whether the
             2106      proposed development might reasonably be expected to occur in the foreseeable future solely
             2107      through private investment; and
             2108          (iv) an estimate of the total amount of tax increment that will be expended in
             2109      undertaking [economic development or education housing development] urban renewal and the
             2110      length of time for which it will be expended; and
             2111          (b) the anticipated public benefit to be derived from the [economic development or
             2112      education housing development] urban renewal, including:
             2113          (i) the beneficial influences upon the tax base of the community;
             2114          (ii) the associated business and economic activity likely to be stimulated; and
             2115          [(iii) in the case of economic development, the number of jobs or employment
             2116      anticipated to be generated or preserved.]
             2117          (iii) whether adoption of the project area plan is necessary and appropriate to reduce or
             2118      eliminate blight.
             2119          Section 56. Section 17C-2-104 , which is renumbered from Section 17B-4-405 is
             2120      renumbered and amended to read:
             2121           [17B-4-405].     17C-2-104. Existing and historic buildings and uses in an
             2122      urban renewal project area.
             2123          If any of the existing buildings or uses in [a] an urban renewal project area are included
             2124      in or eligible for inclusion in the National Register of Historic Places or the State Register, the
             2125      agency shall comply with Subsection 9-8-404 (1) as though the agency were a state agency.
             2126          Section 57. Section 17C-2-105 , which is renumbered from Section 17B-4-406 is
             2127      renumbered and amended to read:
             2128           [17B-4-406].     17C-2-105. Objections to urban renewal project area plan --
             2129      Owners' alternative project area plan -- Election if 40% of property owners object.
             2130          (1) At any time before the plan hearing, any person may file with the agency a written
             2131      statement of objections to the draft urban renewal project area plan.
             2132          (2) If the record owners of property of a majority of the private real property included
             2133      within the proposed urban renewal project area file a written petition before or at the plan


             2134      hearing, proposing an alternative project area plan, the agency shall consider that proposed plan
             2135      in conjunction with the project area plan proposed by the agency.
             2136          (3) (a) If the record property owners of at least 40% of the private land area within the
             2137      proposed urban renewal project area object in writing to the draft project area plan before or at
             2138      the plan hearing and do not withdraw their objections, an agency may not approve the project
             2139      area plan until approved by voters within the boundaries of the agency in which the proposed
             2140      project area is located at an election as provided in Subsection (3)(b).
             2141          (b) (i) Except as provided in this section, each election required under Subsection
             2142      (3)(a) shall comply with Title 20A, Election Code.
             2143          (ii) An election under Subsection (3)(a) may be held on the same day and with the
             2144      same election officials as an election held by the community in which the proposed project area
             2145      is located.
             2146          (iii) If a majority of those voting on the proposed project area plan vote in favor of it,
             2147      the project area plan shall be considered approved and the agency shall confirm the approval by
             2148      resolution.
             2149          (4) If the record property owners of 2/3 of the private land area within the proposed
             2150      project area object in writing to the draft project area plan before or at the plan hearing and do
             2151      not withdraw their objections, the project area plan may not be adopted and the agency may not
             2152      reconsider the project area plan for three years.
             2153          Section 58. Section 17C-2-106 , which is renumbered from Section 17B-4-407 is
             2154      renumbered and amended to read:
             2155           [17B-4-407].     17C-2-106. Board resolution approving urban renewal
             2156      project area plan -- Requirements.
             2157          [(1)] Each board resolution approving a draft [redevelopment, economic development,
             2158      or education housing development] urban renewal project area plan as the project area plan
             2159      under Subsection [ 17B-4-402 (1)(j)] 17C-2-102 (1)(a)(xii) shall contain:
             2160          [(a)] (1) a legal description of the boundaries of the project area that is the subject of
             2161      the project area plan;
             2162          [(b)] (2) the agency's purposes and intent with respect to the project area;
             2163          [(c)] (3) the project area plan incorporated by reference; [and]
             2164          (4) a statement that the board previously made a finding of blight within the project


             2165      area and the date of the board's finding of blight; and
             2166          [(d)] (5) the board findings and determinations that:
             2167          [(i)] (a) there is a need to effectuate a public purpose;
             2168          [(ii)] (b) there is a public benefit under the analysis described in [Subsections
             2169      17B-4-403 (1)(t) and] Subsection 17C-2-103 (2);
             2170          [(iii)] (c) it is economically sound and feasible to adopt and carry out the project area
             2171      plan;
             2172          [(iv)] (d) the project area plan conforms to the community's general plan; and
             2173          [(v)] (e) carrying out the project area plan will promote the public peace, health, safety,
             2174      and welfare of the community in which the project area is located.
             2175          [(2) (a) As used in this Subsection (2), "comparable dwellings" means residential
             2176      housing facilities that are:]
             2177          [(i) within the project area or in other areas not generally less desirable in regard to
             2178      public utilities and public and commercial facilities;]
             2179          [(ii) at rents or prices within the financial means of the families and persons displaced
             2180      from the project area; and]
             2181          [(iii) decent, safe, and sanitary and equal in number and available to displaced families
             2182      and persons and reasonably accessible to their places of employment.]
             2183          [(b) In addition to the requirements under Subsection (1), each board resolution
             2184      approving a redevelopment project area plan shall:]
             2185          [(i) state that the board previously made a finding of blight within the project area and
             2186      the date of the board's finding of blight; and]
             2187          [(ii) contain the board's findings and determinations that, if the project area plan may
             2188      result in the temporary or permanent displacement of any residential occupants in the project
             2189      area:]
             2190          [(A) the agency has a feasible method or plan for the relocation of families and persons
             2191      displaced from the project area;]
             2192          [(B) comparable dwellings exist or will be provided to the families and persons
             2193      displaced by the project area plan; and]
             2194          [(C) the board is satisfied that permanent housing facilities will be available within
             2195      three years from the time occupants of the project area are displaced and, pending the


             2196      development of these housing facilities, there will be available to the displaced occupants
             2197      adequate temporary housing facilities at rents comparable to those in the community at the time
             2198      of their displacement.]
             2199          Section 59. Section 17C-2-107 , which is renumbered from Section 17B-4-408 is
             2200      renumbered and amended to read:
             2201           [17B-4-408].     17C-2-107. Urban renewal project area plan to be adopted
             2202      by community legislative body.
             2203          (1) A urban renewal project area plan approved by board resolution under Section
             2204      [ 17B-4-407 ] 17C-2-106 may not take effect until:
             2205          (a) it has been adopted by ordinance of the legislative body of the community that
             2206      created the agency; and
             2207          (b) notice under Section [ 17B-4-409 ] 17C-2-108 is provided.
             2208          (2) Each ordinance under Subsection (1) shall:
             2209          (a) be adopted by the community legislative body after the board's approval of a
             2210      resolution under Section [ 17B-4-407 ] 17C-2-106 ; and
             2211          (b) designate the approved project area plan as the official [redevelopment, economic
             2212      development, or education housing development] urban renewal plan of the project area.
             2213          Section 60. Section 17C-2-108 , which is renumbered from Section 17B-4-409 is
             2214      renumbered and amended to read:
             2215           [17B-4-409].     17C-2-108. Notice of urban renewal project area plan
             2216      adoption -- Effective date of plan -- Contesting the formation of the plan.
             2217          (1) (a) Upon the community legislative body's adoption of [a] an urban renewal project
             2218      area plan, the legislative body shall provide notice as provided in Subsection (1)(b) by:
             2219          (i) publishing or causing to be published a notice in a newspaper of general circulation
             2220      within the agency's boundaries; or
             2221          (ii) if there is no newspaper of general circulation within the agency's boundaries,
             2222      causing a notice to be posted in at least three public places within the agency's boundaries.
             2223          (b) Each notice under Subsection (1)(a) shall:
             2224          (i) set forth the community legislative body's ordinance adopting the project area plan
             2225      or a summary of the ordinance; and
             2226          (ii) include a statement that the project area plan is available for general public


             2227      inspection and the hours for inspection.
             2228          (2) The project area plan shall become effective on the date of:
             2229          (a) if notice was published under Subsection (1)(a), publication of the notice; or
             2230          (b) if notice was posted under Subsection (1)(a), posting of the notice.
             2231          (3) (a) [(i)] For a period of [60] 30 days after the effective date of the project area plan
             2232      under Subsection (2), any person in interest may[, except as provided in Subsection (3)(a)(ii),]
             2233      contest the project area plan or the procedure used to adopt the project area plan if the plan or
             2234      procedure fails to comply with applicable statutory requirements.
             2235          [(ii) Notwithstanding Subsection (3)(a)(i), a challenge to a finding of blight may be
             2236      made only under Section 17B-4-605 .]
             2237          (b) After the [60-day] 30-day period under Subsection (3)(a)[(i)] expires, no person
             2238      may contest the project area plan or procedure used to adopt the project area plan for any cause.
             2239          (4) [(a) Except as provided in Subsection (4)(b), upon] Upon adoption of the project
             2240      area plan by the community's legislative body, the agency may carry out the project area plan.
             2241          [(b) An agency may not commence implementation of a project area plan more than
             2242      three years after the community legislative body adopts the plan, unless the plan is readopted as
             2243      if it were an amended project area plan under Section 17B-4-411 .]
             2244          (5) Each agency shall make the adopted project area plan available to the general
             2245      public at its offices during normal business hours.
             2246          Section 61. Section 17C-2-109 , which is renumbered from Section 17B-4-410 is
             2247      renumbered and amended to read:
             2248           [17B-4-410].     17C-2-109. Agency required to transmit and record
             2249      documents after adoption of an urban renewal project area plan.
             2250          Within 30 days after the community legislative body adopts, under Section [ 17B-4-408 ]
             2251      17C-2-107 , [a] an urban renewal project area plan, the agency shall:
             2252          (1) record with the recorder of the county in which the project area is located a
             2253      document containing:
             2254          (a) a description of the land within the project area;
             2255          (b) a statement that the project area plan for the project area has been adopted; and
             2256          (c) the date of adoption;
             2257          (2) transmit a copy of the description of the land within the project area and an accurate


             2258      map or plat indicating the boundaries of the project area to the Automated Geographic
             2259      Reference Center created under Section 63F-1-506 ; and
             2260          (3) for a project area plan that provides for the payment of tax increment to the agency,
             2261      transmit a copy of the description of the land within the project area, a copy of the community
             2262      legislative body ordinance adopting the project area plan, and a map or plat indicating the
             2263      boundaries of the project area to:
             2264          (a) the auditor, recorder, attorney, surveyor, and assessor of each county in which any
             2265      part of the project area is located;
             2266          (b) the officer or officers performing the function of auditor or assessor for each taxing
             2267      entity that does not use the county assessment roll or collect its taxes through the county;
             2268          (c) the legislative body or governing board of each taxing entity;
             2269          (d) the State Tax Commission; and
             2270          (e) the State Board of Education.
             2271          Section 62. Section 17C-2-110 , which is renumbered from Section 17B-4-411 is
             2272      renumbered and amended to read:
             2273           [17B-4-411].     17C-2-110. Amending an urban renewal project area plan.
             2274          (1) An adopted urban renewal project area plan may be amended as provided in this
             2275      section.
             2276          [(2) Except as provided in Subsection (4)(a), a project area plan may not be amended
             2277      after March 21, 2005, to enlarge or add to a project area.]
             2278          (2) If an agency proposes to amend an adopted urban renewal project area plan to
             2279      enlarge the project area:
             2280          (a) subject to Subsection (2)(e), the requirements under this part that apply to adopting
             2281      a project area plan apply equally to the proposed amendment as if it were a proposed project
             2282      area plan;
             2283          (b) for a pre-July 1, 1993 project area plan, the base year taxable value for the new area
             2284      added to the project area shall be determined under Subsection 17C-1-102 (6)(a) using the
             2285      effective date of the amended project area plan;
             2286          (c) for a post-June 30, 1993 project area plan:
             2287          (i) the base year taxable value for the new area added to the project area shall be
             2288      determined under Subsection 17C-1-102 (6)(b) using the date of the taxing entity committee's


             2289      consent referred to in Subsection (2)(c)(ii); and
             2290          (ii) the agency shall obtain the consent of the taxing entity committee before the agency
             2291      may collect tax increment from the area added to the project area by the amendment;
             2292          (d) the agency shall make a finding regarding the existence of blight in the area
             2293      proposed to be added to the project area by following the procedure set forth in Subsections
             2294      17C-2-102 (1)(a)(i) through (iv); and
             2295          (e) the agency need not make a finding regarding the existence of blight in the project
             2296      area as described in the original project area plan, if the agency made a finding of the existence
             2297      of blight regarding that project area in connection with adoption of the original project area
             2298      plan.
             2299          (3) [An] If a proposed amendment does not propose to enlarge an urban renewal
             2300      project area, an agency board may adopt a resolution approving an amendment to an adopted
             2301      project area plan after:
             2302          (a) the agency gives notice, as provided in Section [ 17B-4-702 ] 17C-2-502 , of the
             2303      proposed amendment and of the public hearing required by Subsection (3)(b);
             2304          (b) the agency board holds a public hearing on the proposed amendment that meets the
             2305      requirements of a plan hearing;
             2306          (c) the agency obtains the taxing entity committee's consent to the amendment, if the
             2307      amendment proposes:
             2308          (i) to enlarge the area within the project area from which tax increment is collected;
             2309          (ii) to permit the agency to receive a greater percentage of tax increment or to receive
             2310      tax increment for a longer period of time, or both, than allowed under the adopted project area
             2311      plan; [and] or
             2312          (iii) for an amendment to a project area plan that was adopted before April 1, 1983, to
             2313      expand the area from which tax increment is collected to exceed 100 acres of private property;
             2314      and
             2315          (d) the agency obtains the consent of the legislative body or governing board of each
             2316      taxing entity affected, if the amendment proposes to permit the agency to receive, from less
             2317      than all taxing entities, a greater percentage of tax increment or to receive tax increment for a
             2318      longer period of time, or both, than allowed under the adopted project area plan.
             2319          (4) (a) An adopted urban renewal project area plan may be amended without


             2320      complying with the notice and public hearing requirements of Subsections (2)(a) and (3)(a) and
             2321      (b) and without obtaining taxing entity committee approval under Subsection (3)(c) if the
             2322      amendment:
             2323          (i) makes a minor adjustment in the legal description of a project area boundary
             2324      requested by a county assessor or county auditor to avoid inconsistent property boundary lines;
             2325      or
             2326          (ii) subject to Subsection (4)(b), removes a parcel of real property from a project area
             2327      because the agency determines that:
             2328          (A) the parcel is no longer blighted; or
             2329          (B) inclusion of the parcel is no longer necessary or desirable to the project area[; and].
             2330          (b) An amendment removing a parcel of real property from a project area under
             2331      Subsection (4)(a)(ii) may not be made without the consent of the record property owner of the
             2332      parcel being removed.
             2333          (5) (a) An amendment approved by board resolution under this section may not take
             2334      effect until adopted by ordinance of the legislative body of the community in which the project
             2335      area that is the subject of the project area plan being amended is located.
             2336          (b) Upon a community legislative body passing an ordinance adopting an amendment
             2337      to a project area plan, the agency whose project area plan was amended shall comply with the
             2338      requirements of Section [ 17B-4-410 ] 17C-2-109 to the same extent as if the amendment were a
             2339      project area plan.
             2340          Section 63. Section 17C-2-201 , which is renumbered from Section 17B-4-501 is
             2341      renumbered and amended to read:
             2342     
Part 2. Urban Renewal Project Area Budget

             2343           [17B-4-501].     17C-2-201. Project area budget -- Requirements for
             2344      adopting -- Contesting the budget or procedure -- Time limit.
             2345          (1) If an agency anticipates funding all or a portion of a post-June 30, 1993 urban
             2346      renewal project area plan with tax increment, the agency shall, subject to Section [ 17B-4-503 ]
             2347      17C-2-202 , adopt a project area budget as provided in this part.
             2348          (2) To adopt [a] an urban renewal project area budget, the agency shall:
             2349          (a) prepare a draft of a project area budget;
             2350          (b) make a copy of the draft project area budget available to the public at the agency's


             2351      offices during normal business hours;
             2352          (c) provide notice of the budget hearing as required by Part [7] 5, Urban Renewal
             2353      Notice Requirements;
             2354          [(d) at least seven days before the budget hearing:]
             2355          [(i) publish a display advertisement that complies with Section 17B-4-502 in a
             2356      newspaper that is:]
             2357          [(A) of general circulation within the county in which the proposed project area is
             2358      located; and]
             2359          [(B) to the extent practicable, of general interest and readership and not of limited
             2360      subject matter; or]
             2361          [(ii) if there is no newspaper of general circulation within the county in which the
             2362      proposed project area is located, post a notice that complies with Section 17B-4-502 in at least
             2363      three conspicuous places within the agency's boundaries;]
             2364          [(e)] (d) hold a public hearing on the draft project area budget and, at that public
             2365      hearing, allow public comment on:
             2366          (i) the draft project area budget; and
             2367          (ii) whether the draft project area budget should be revised, adopted, or rejected;
             2368          [(f)] (e) (i) if required under Subsection [ 17B-4-505 ] 17C-2-204 (1), obtain the
             2369      approval of the taxing entity committee on the draft project area budget or a revised version of
             2370      the draft project area budget; or
             2371          (ii) if applicable, comply with the requirements of Subsection [ 17B-4-505 ]
             2372      17C-2-204 (2); and
             2373          [(g)] (f) after the budget hearing, hold a board meeting in the same meeting as the
             2374      public hearing or in a subsequent meeting to:
             2375          (i) consider comments made and information presented at the public hearing relating to
             2376      the draft project area budget; and
             2377          (ii) adopt by resolution the draft project area budget, with any revisions, as the project
             2378      area budget.
             2379          (3) (a) For a period of [60] 30 days after the agency's adoption of the project area
             2380      budget under Subsection (2)[(g)](f), any person in interest may contest the project area budget
             2381      or the procedure used to adopt the project area budget if the budget or procedure fails to


             2382      comply with applicable statutory requirements.
             2383          (b) After the [60-day] 30-day period under Subsection (3)(a) expires, no person may
             2384      contest the project area budget or procedure used to adopt the project area budget for any cause.
             2385          Section 64. Section 17C-2-202 , which is renumbered from Section 17B-4-503 is
             2386      renumbered and amended to read:
             2387           [17B-4-503].     17C-2-202. Combined incremental value -- Restriction
             2388      against adopting an urban renewal project area budget -- Taxing entity committee may
             2389      waive restriction.
             2390          [(1) For purposes of this section:]
             2391          [(a) "Adjusted tax increment" means:]
             2392          [(i) for tax increment under a pre-July 1, 1993 project area plan, tax increment under
             2393      Section 17B-4-1003 , excluding tax increment under Subsection 17B-4-1003 (3); and]
             2394          [(ii) for tax increment under a post-June 30, 1993 project area plan, tax increment
             2395      under Section 17B-4-1004 , excluding tax increment under Subsection 17B-4-1004 (3).]
             2396          [(b) "Combined incremental value" means the combined total of all incremental values
             2397      from all project areas, except a military installation project area, within the agency's boundaries
             2398      under adopted project area plans and adopted project area budgets at the time that a project area
             2399      budget for a new project area is being considered.]
             2400          [(c) "Incremental value" means a figure derived by multiplying the marginal value of
             2401      the property located within a project area on which tax increment is collected by a number that
             2402      represents the percentage of adjusted tax increment from that project area that is paid to the
             2403      agency.]
             2404          [(d) "Marginal value" means the difference between actual taxable value and base
             2405      taxable value.]
             2406          [(e) "Military installation project area" means a project area or a portion of a project
             2407      area located within a federal military installation ordered closed by the federal Defense Base
             2408      Realignment and Closure Commission.]
             2409          [(f) "Taxable value" means the value of property as shown on the last equalized
             2410      assessment roll as certified by the county assessor.]
             2411          [(2) (a)] (1) Except as provided in Subsection (2)[(b)], an agency may not adopt [a] an
             2412      urban renewal project area budget if, at the time the urban renewal project area budget is being


             2413      considered, the combined incremental value for the agency exceeds 10% of the total taxable
             2414      value of property within the agency's boundaries in the year that the urban renewal project area
             2415      budget is being considered.
             2416          [(b)] (2) A taxing entity committee may waive the restrictions imposed by Subsection
             2417      [(2)(a)] (1).
             2418          Section 65. Section 17C-2-203 , which is renumbered from Section 17B-4-504 is
             2419      renumbered and amended to read:
             2420           [17B-4-504].     17C-2-203. Part of tax increment funds in urban renewal
             2421      project area budget to be used for housing -- Waiver of requirement.
             2422          (1) (a) Except as provided in Subsection (1)(b), each urban renewal project area budget
             2423      adopted on or after May 1, 2000 that provides for more than $100,000 of annual tax increment
             2424      to be paid to the agency shall allocate at least 20% of the tax increment for housing as provided
             2425      in Section [ 17B-4-1010 ] 17C-1-412 .
             2426          (b) The 20% requirement of Subsection (1)(a) may be waived[: (i)] in part or whole by
             2427      the mutual consent of the loan fund board and the taxing entity committee if they determine
             2428      that 20% of tax increment is more than is needed to address the community's need for income
             2429      targeted housing[, as defined in Section 17B-4-1010 ; or].
             2430          [(ii) in fifth and sixth class counties, by the taxing entity committee for economic
             2431      development project area budgets adopted on or after May 1, 2002, if the economic
             2432      development project area consists of an area without housing units.]
             2433          (2) [A] An urban renewal project area budget not required under Subsection (1)(a) to
             2434      allocate tax increment for housing may allocate 20% of tax increment payable to the agency
             2435      over the life of the project area for housing as provided in Section [ 17B-4-1010 ] 17C-1-412 if
             2436      the project area budget is under a project area plan that is adopted on or after July 1, 1998.
             2437          Section 66. Section 17C-2-204 , which is renumbered from Section 17B-4-505 is
             2438      renumbered and amended to read:
             2439           [17B-4-505].     17C-2-204. Consent of taxing entity committee required for
             2440      urban renewal project area budget -- Exception.
             2441          (1) (a) Except as provided in Subsection (1)(b) and subject to Subsection (2), each
             2442      agency shall obtain the consent of the taxing entity committee for each urban renewal project
             2443      area budget under a post-June 30, 1993 project area plan before the agency may collect any tax


             2444      increment from the urban renewal project area.
             2445          (b) For [a] an urban renewal project area budget adopted from July 1, 1998 through
             2446      May 1, 2000 that allocates 20% or more of the tax increment for housing as provided in
             2447      Section [ 17B-4-1010 ] 17C-1-412 , an agency:
             2448          (i) need not obtain the consent of the taxing entity committee for the project area
             2449      budget; and
             2450          (ii) may not collect any tax increment from all or part of the project area until after:
             2451          (A) the loan fund board has certified the project area budget as complying with the
             2452      requirements of Section [ 17B-4-1010 ] 17C-1-412 ; and
             2453          (B) the agency board has approved and adopted the project area budget by a two-thirds
             2454      vote.
             2455          (2) (a) Before a taxing entity committee may consent to [a] an urban renewal project
             2456      area budget adopted on or after May 1, 2000 that is required under Subsection [ 17B-4-504 ]
             2457      17C-2-203 (1)(a) to allocate 20% of tax increment for housing, the agency shall:
             2458          (i) adopt a housing plan showing the uses for the housing funds; and
             2459          (ii) provide a copy of the housing plan to the taxing entity committee and the loan fund
             2460      board.
             2461          (b) If an agency amends a housing plan prepared under Subsection (2)(a), the agency
             2462      shall provide a copy of the amendment to the taxing entity committee and the loan fund board.
             2463          Section 67. Section 17C-2-205 , which is renumbered from Section 17B-4-506 is
             2464      renumbered and amended to read:
             2465           [17B-4-506].     17C-2-205. Filing a copy of the urban renewal project area
             2466      budget.
             2467          Each agency adopting [a] an urban renewal project area budget shall:
             2468          (1) within 30 days after adopting the project area budget, file a copy of the project area
             2469      budget with the auditor of the county in which the project area is located, the State Tax
             2470      Commission, the state auditor, the State Board of Education, and each taxing entity affected by
             2471      the agency's collection of tax increment under the project area budget; and
             2472          (2) if the project area budget allocates tax increment for housing under Section
             2473      [ 17B-4-1010 ] 17C-1-412 , file a copy of the project area budget with the loan fund board.
             2474          Section 68. Section 17C-2-206 , which is renumbered from Section 17B-4-507 is


             2475      renumbered and amended to read:
             2476           [17B-4-507].     17C-2-206. Amending an urban renewal project area
             2477      budget.
             2478          (1) [Subject to Subsection (5), an] An agency may by resolution amend [a] an urban
             2479      renewal project area budget as provided in this section.
             2480          (2) To amend an adopted urban renewal project area budget, the agency shall:
             2481          (a) advertise and hold one public hearing on the proposed amendment as provided in
             2482      Subsection (3);
             2483          (b) obtain the approval of the taxing entity committee if the agency was required under
             2484      Section [ 17B-4-505 ] 17C-2-204 to obtain the consent of the taxing entity committee for the
             2485      project area budget as originally adopted; and
             2486          (c) adopt a resolution amending the project area budget.
             2487          (3) The public hearing required under Subsection (2)(a) shall be conducted according
             2488      to the procedures and requirements of [Sections 17B-4-501 and 17B-4-502 ] Subsections
             2489      17C-2-201 (2)(c) and (d), except that if the amended project area budget proposes that the
             2490      agency be paid a greater proportion of tax increment from a project area than was to be paid
             2491      under the previous project area budget, the [advertisement] notice shall state the percentage
             2492      paid under the previous project area budget and the percentage proposed under the amended
             2493      project area budget.
             2494          (4) If a proposed amendment is not adopted, the agency shall continue to operate under
             2495      the previously adopted project area budget without the proposed amendment.
             2496          [(5) A project area budget may not be amended after March 21, 2005, if the
             2497      amendment provides for the agency to receive tax increment for a longer period of time than
             2498      allowed under the project area budget without the amendment.]
             2499          Section 69. Section 17C-2-301 , which is renumbered from Section 17B-4-602 is
             2500      renumbered and amended to read:
             2501     
Part 3. Blight Determination in Urban Renewal Project Areas

             2502           [17B-4-602].     17C-2-301. Blight study -- Requirements -- Deadline.
             2503          (1) Each blight study required under Subsection [ 17B-4-601 ] 17C-2-102 (1)(a)(i) shall:
             2504          (a) undertake a parcel by parcel survey of the survey area;
             2505          [(a)] (b) provide data so the board and taxing entity committee may determine:


             2506          (i) whether the conditions described in [Subsections 17B-4-604 (1)(a)(i) and (ii)]
             2507      Subsection 17C-2-303 (1):
             2508          (A) exist in part or all of the survey area; and
             2509          [(ii) whether the factors listed in Subsection 17B-4-604 (1)(a)(iii) are present in the
             2510      survey area; and]
             2511          (B) qualify an area within the survey area as a project area; and
             2512          [(iii)] (ii) whether the survey area contains all or part of a superfund site;
             2513          [(b)] (c) include a written report setting forth:
             2514          (i) the conclusions reached; [and]
             2515          (ii) any recommended area within the survey area qualifying as a project area; and
             2516          [(ii)] (iii) any other information requested by the agency to determine whether [a
             2517      redevelopment] an urban renewal project area is feasible; and
             2518          [(c)] (d) be completed within one year after the adoption of the survey area resolution.
             2519          (2) (a) If a blight study is not completed within one year after the adoption of the
             2520      resolution under Subsection [ 17B-4-401 (1)(a)] 17C-2-101 (1) designating a survey area, the
             2521      agency may not approve [a redevelopment] an urban renewal project area plan based on that
             2522      blight study unless it first adopts a new resolution under Subsection [ 17B-4-401 (1)(a)]
             2523      17C-2-101 (1).
             2524          (b) A new resolution under Subsection (2)(a) shall in all respects be considered to be a
             2525      resolution under Subsection [ 17B-4-401 (1)(a)] 17C-2-101 (1) adopted for the first time, except
             2526      that any actions taken toward completing a blight study under the resolution that the new
             2527      resolution replaces shall be considered to have been taken under the new resolution.
             2528          Section 70. Section 17C-2-302 , which is renumbered from Section 17B-4-603 is
             2529      renumbered and amended to read:
             2530           [17B-4-603].     17C-2-302. Blight hearing -- Owners may review evidence of
             2531      blight.
             2532          (1) In each hearing required under Subsection [ 17B-4-601 (1)(c)] 17C-2-102 (1)(a)(iii),
             2533      the agency shall:
             2534          (a) permit all evidence of the existence or nonexistence of blight within the proposed
             2535      [redevelopment] urban renewal project area to be presented; and
             2536          (b) permit each record owner of property located within the proposed [redevelopment]


             2537      urban renewal project area or the record property owner's representative the opportunity to:
             2538          (i) examine and cross-examine witnesses providing evidence of the existence or
             2539      nonexistence of blight; and
             2540          (ii) present evidence and testimony, including expert testimony, concerning the
             2541      existence or nonexistence of blight.
             2542          (2) The agency shall allow record owners of property located within a proposed
             2543      [redevelopment] urban renewal project area the opportunity, for at least 30 days before the
             2544      hearing, to review the evidence of blight compiled by the agency or by the person or firm
             2545      conducting the blight study for the agency, including any expert report.
             2546          Section 71. Section 17C-2-303 , which is renumbered from Section 17B-4-604 is
             2547      renumbered and amended to read:
             2548           [17B-4-604].     17C-2-303. Conditions on board determination of blight --
             2549      Conditions of blight caused by the developer.
             2550          (1) An agency board may not make a finding of blight in a resolution under [Section
             2551      17B-4-601 ] Subsection 17C-2-102 (1) unless the board finds that [the redevelopment project
             2552      area]:
             2553          [(a) (i) contains buildings or improvements used or intended to be used for residential,
             2554      commercial, industrial, or other urban purposes, or any combination of those uses;]
             2555          [(ii) contains buildings or improvements on at least 50% of the number of parcels of
             2556      private real property whose acreage is at least 50% of the acreage of the private real property
             2557      within the proposed redevelopment project area; and]
             2558          [(iii) is unfit or unsafe to occupy or may be conducive to ill health, transmission of
             2559      disease, infant mortality, juvenile delinquency, or crime because of any three or more of the
             2560      following factors:]
             2561          [(A) defective character of physical construction;]
             2562          [(B) high density of population or overcrowding;]
             2563          [(C) inadequate ventilation, light, or spacing between buildings;]
             2564          [(D) mixed character and shifting of uses, resulting in obsolescence, deterioration, or
             2565      dilapidation;]
             2566          [(E) economic deterioration or continued disuse;]
             2567          [(F) lots of irregular shape or inadequate size for proper usefulness and development,


             2568      or laying out of lots in disregard of the contours and other physical characteristics of the ground
             2569      and surrounding conditions;]
             2570          [(G) inadequate sanitation or public facilities which may include streets, open spaces,
             2571      and utilities;]
             2572          [(H) areas that are subject to being submerged by water; and]
             2573          [(I) existence of any hazardous or solid waste, defined as any substance defined,
             2574      regulated, or listed as a hazardous substance, hazardous material, hazardous waste, toxic waste,
             2575      pollutant, contaminant, or toxic substance, or identified as hazardous to human health or the
             2576      environment under state or federal law or regulation; or]
             2577          (a) (i) the proposed project area consists predominantly of nongreenfield parcels;
             2578          (ii) the proposed project area is currently zoned for urban purposes and generally
             2579      served by utilities;
             2580          (iii) at least 50% of the parcels within the proposed project area contain nonagricultural
             2581      or nonaccessory buildings or improvements used or intended for residential, commercial,
             2582      industrial, or other urban purposes, or any combination of those uses;
             2583          (iv) the present condition or use of the proposed project area substantially impairs the
             2584      sound growth of the municipality, retards the provision of housing accommodations, or
             2585      constitutes an economic liability or is detrimental to the public health, safety, or welfare, as
             2586      shown by the existence within the proposed project area of at least four of the following
             2587      factors:
             2588          (A) one of the following, although sometimes interspersed with well maintained
             2589      buildings and infrastructure:
             2590          (I) substantial physical dilapidation, deterioration, or defective construction of
             2591      buildings or infrastructure; or
             2592          (II) significant noncompliance with current building code, safety code, health code, or
             2593      fire code requirements or local ordinances;
             2594          (B) unsanitary or unsafe conditions in the proposed project area that threaten the
             2595      health, safety, or welfare of the community;
             2596          (C) environmental hazards, as defined in state or federal law, that require remediation
             2597      as a condition for current or future use and development;
             2598          (D) excessive vacancy, abandoned buildings, or vacant lots within an area zoned for


             2599      urban use and served by utilities;
             2600          (E) abandoned or outdated facilities that pose a threat to public health, safety, or
             2601      welfare;
             2602          (F) criminal activity in the project area, higher than that of comparable nonblighted
             2603      areas in the municipality or county; and
             2604          (G) defective or unusual conditions of title rendering the title nonmarketable; and
             2605          (v) (A) at least 50% of the parcels within the proposed project area are affected by at
             2606      least one of the factors, but not necessarily the same factor, listed in Subsection (1)(a)(iv); and
             2607          (B) the affected parcels comprise at least 66% of the acreage of the proposed project
             2608      area; or
             2609          (b) [is] the proposed project area includes some or all of a superfund site.
             2610          (2) No single parcel comprising 10% or more of the acreage of the proposed project
             2611      area may be counted as satisfying Subsection (1)(a)(iii) or (iv) unless at least 50% of the area of
             2612      that parcel is occupied by buildings or improvements.
             2613          [(2)] (3) (a) For purposes of Subsection (1), if a developer involved in the
             2614      [redevelopment] urban renewal project [causes] has caused a condition listed in Subsection
             2615      (1)(a)[(iii)](iv) within the proposed project area, [the] that condition [caused by the developer]
             2616      may not be used in the determination of blight.
             2617          (b) Subsection [(2)] (3)(a) does not apply to a condition that was caused by an owner or
             2618      tenant who becomes a developer [under Section 17B-4-901 ].
             2619          Section 72. Section 17C-2-304 , which is renumbered from Section 17B-4-605 is
             2620      renumbered and amended to read:
             2621           [17B-4-605].     17C-2-304. Challenging a finding of blight -- Time limit -- De
             2622      novo review.
             2623          (1) If the board makes a finding of blight under [Section 17B-4-601 ] Subsection
             2624      17C-2-102 (1) and that finding is approved by resolution adopted by the taxing entity
             2625      committee, a record owner of property located within the proposed [redevelopment] urban
             2626      renewal project area may challenge the finding by filing an action with the district court for the
             2627      county in which the property is located.
             2628          (2) Each challenge under Subsection (1) shall be filed within 30 days after the taxing
             2629      entity committee approves the board's finding of blight.


             2630          (3) In each action under this section[: (a)], the district court shall review [de novo] the
             2631      finding of blight[; and] under the standards of review provided in Subsection 10-9a-801 (3).
             2632          [(b) the agency maintains the burden of proof regarding the existence of blight.]
             2633          Section 73. Section 17C-2-401 , which is renumbered from Section 17B-4-801 is
             2634      renumbered and amended to read:
             2635     
Part 4. Urban Renewal Hearings

             2636           [17B-4-801].     17C-2-401. Combining hearings.
             2637          A board may combine[: (1)] any combination of a blight hearing [with a public input
             2638      hearing; and (2)], a plan hearing [with], and a budget hearing.
             2639          Section 74. Section 17C-2-402 , which is renumbered from Section 17B-4-802 is
             2640      renumbered and amended to read:
             2641           [17B-4-802].     17C-2-402. Continuing a hearing.
             2642          [Pursuant to the provisions of Section 17B-4-705 ] Subject to Section 17C-2-403, the
             2643      board may continue from time to time a:
             2644          (1) blight hearing;
             2645          [(2) public input hearing;]
             2646          [(3) combined blight hearing and plan hearing under Subsection 17B-4-801 (1);]
             2647          [(4)] (2) plan hearing;
             2648          [(5)] (3) budget hearing; or
             2649          [(6)] (4) combined [plan] hearing [and budget hearing] under [Subsection
             2650      17B-4-801 (2)] Section 17C-2-401 .
             2651          Section 75. Section 17C-2-403 , which is renumbered from Section 17B-4-705 is
             2652      renumbered and amended to read:
             2653           [17B-4-705].     17C-2-403. Notice required for continued hearing.
             2654          The board shall give notice of a hearing continued under Section [ 17B-4-802 ]
             2655      17C-2-402 by announcing at the hearing:
             2656          (1) the date, time, and place the hearing will be resumed; or
             2657          (2) that it is being continued to a later time and causing a notice of the continued
             2658      hearing to be:
             2659          (a) published once in a newspaper of general circulation within the agency boundaries
             2660      at least seven days before the hearing is scheduled to resume; or


             2661          (b) if there is no newspaper of general circulation, posted in at least three conspicuous
             2662      places within the boundaries of the agency in which the project area or proposed project area is
             2663      located.
             2664          Section 76. Section 17C-2-501 , which is renumbered from Section 17B-4-701 is
             2665      renumbered and amended to read:
             2666     
Part 5. Urban Renewal Notice Requirements

             2667           [17B-4-701].     17C-2-501. Agency to provide notice of hearings.
             2668          (1) Each agency shall provide notice, as provided in this part, of each:
             2669          (a) blight hearing;
             2670          [(b) public input hearing;]
             2671          [(c)] (b) plan hearing; and
             2672          [(d)] (c) budget hearing.
             2673          (2) [(a)] The notice required under Subsection (1) for [a blight hearing] any of the
             2674      hearings listed in that subsection may be combined with the notice required for [a public input
             2675      hearing if those two] any of the other hearings if the hearings are combined under [Subsection
             2676      17B-4-801 (1)] Section 17C-2-401 .
             2677          [(b) The notice required under Subsection (1) for a plan hearing may be combined with
             2678      the notice required for a budget hearing if those two hearings are combined under Subsection
             2679      17B-4-801 (2).]
             2680          Section 77. Section 17C-2-502 , which is renumbered from Section 17B-4-702 is
             2681      renumbered and amended to read:
             2682           [17B-4-702].     17C-2-502. Requirements for notice provided by agency.
             2683          (1) The notice required by Section [ 17B-4-701 ] 17C-2-501 shall be given by:
             2684          (a) (i) publishing one notice, excluding the map referred to in Subsection [(2)] (3)(b),
             2685      in a newspaper of general circulation within the county in which the project area or proposed
             2686      project area is located, at least [once a week for the four successive weeks immediately
             2687      preceding] 14 days before the hearing; or
             2688          (ii) if there is no newspaper of general circulation, posting notice at least 14 days
             2689      before the hearing in at least three conspicuous places within the county in which the project
             2690      area or proposed project area is located; and
             2691          (b) at least 30 days before the hearing:


             2692          (i) [sending] mailing notice [by certified mail] to[: (A)] each [assessment] record
             2693      owner of property located within the project area or proposed project area; and
             2694          [(B) each assessment owner of property located outside but within 300 feet of the
             2695      project area or proposed project area;]
             2696          (ii) mailing notice to:
             2697          (A) the State Tax Commission;
             2698          (B) the assessor and auditor of the county in which the project area or proposed project
             2699      area is located; and
             2700          (C) (I) each member of the taxing entity committee; or
             2701          (II) if a taxing entity committee has not yet been formed, the State Board of Education
             2702      and the legislative body or governing board of each taxing entity.
             2703          (2) The mailing of the notice to record property owners required under Subsection
             2704      (1)(b)(i) shall be conclusively considered to have been properly completed if:
             2705          (a) the agency mails the notice to the property owners as shown in the records,
             2706      including an electronic database, of the county recorder's office and at the addresses shown in
             2707      those records; and
             2708          (b) the county recorder's office records used by the agency in identifying owners to
             2709      whom the notice is mailed and their addresses were obtained or accessed from the county
             2710      recorder's office no earlier than 30 days before the mailing.
             2711          [(2)] (3) The agency shall include in each notice required under Section [ 17B-4-701 ]
             2712      17C-2-501 :
             2713          (a) (i) a specific description of the boundaries of the project area or proposed project
             2714      area; or
             2715          (ii) (A) a mailing address or telephone number where a person may request that a copy
             2716      of the description be sent at no cost to the person by mail or facsimile transmission; and
             2717          (B) if the agency has an Internet website, an Internet address where a person may gain
             2718      access to an electronic, printable copy of the description;
             2719          (b) a map of the boundaries of the project area or proposed project area;
             2720          (c) an explanation of the purpose of the hearing; and
             2721          (d) a statement of the date, time, and location of the hearing.
             2722          [(3)] (4) The agency shall include in each notice under Subsection (1)(b)(ii):


             2723          (a) a statement that property tax revenues resulting from an increase in valuation of
             2724      property within the project area or proposed project area will be paid to the agency for
             2725      [redevelopment, economic development, or education housing development] urban renewal
             2726      purposes rather than to the taxing entity to which the tax revenues would otherwise have been
             2727      paid if:
             2728          (i) a majority of the taxing entity committee consents to the project area budget; and
             2729          (ii) the project area plan provides for the agency to receive tax increment; and
             2730          (b) an invitation to the recipient of the notice to submit to the agency comments
             2731      concerning the subject matter of the hearing before the date of the hearing.
             2732          [(4)] (5) An agency may include in a notice under Subsection (1) any other information
             2733      the agency considers necessary or advisable, including the public purpose served by the project
             2734      and any future tax benefits expected to result from the project.
             2735          Section 78. Section 17C-2-503 , which is renumbered from Section 17B-4-703 is
             2736      renumbered and amended to read:
             2737           [17B-4-703].     17C-2-503. Additional requirements for notice of a blight
             2738      hearing.
             2739          [(1) The first notice to an assessment owner of property within a proposed
             2740      redevelopment project area for a public input hearing, blight hearing, or combined public input
             2741      and blight hearing under Subsection 17B-4-801 (1) shall include the statement required by
             2742      Section 17B-4-902 .]
             2743          [(2)] Each notice under Section [ 17B-4-702 ] 17C-2-502 for a blight hearing shall
             2744      include a statement that:
             2745          [(a)] (1) [a redevelopment] an urban renewal project area is being proposed;
             2746          [(b)] (2) the proposed [redevelopment] urban renewal project area may be declared to
             2747      have blight;
             2748          [(c)] (3) the record owner of property within the proposed project area has the right to
             2749      present evidence at the blight hearing contesting the existence of blight;
             2750          [(d)] (4) except for a hearing continued under Section 17C-2-402 , the agency will
             2751      notify the [assessment] record property owners referred to in Subsection [ 17B-4-702 ]
             2752      17C-2-502 (1)(b)(i) of each additional public hearing held by the agency concerning the
             2753      [redevelopment] urban renewal project prior to the adoption of the [redevelopment] urban


             2754      renewal project area plan; and
             2755          [(e)] (5) persons contesting the existence of blight in the proposed [redevelopment]
             2756      urban renewal project area may appear before the agency board and show cause why the
             2757      proposed [redevelopment] urban renewal project area should not be designated as [a
             2758      redevelopment] an urban renewal project area.
             2759          Section 79. Section 17C-2-504 , which is renumbered from Section 17B-4-704 is
             2760      renumbered and amended to read:
             2761           [17B-4-704].     17C-2-504. Additional requirements for notice of a plan
             2762      hearing.
             2763          Each notice under Section [ 17B-4-702 ] 17C-2-502 of a plan hearing shall include:
             2764          (1) a statement that any person objecting to the draft project area plan or contesting the
             2765      regularity of any of the proceedings to adopt it may appear before the agency board at the
             2766      hearing to show cause why the draft project area plan should not be adopted; and
             2767          (2) a statement that the proposed project area plan is available for inspection at the
             2768      agency offices.
             2769          Section 80. Section 17C-2-505 , which is renumbered from Section 17B-4-502 is
             2770      renumbered and amended to read:
             2771           [17B-4-502].     17C-2-505. Additional requirements for notice of a budget
             2772      hearing.
             2773          [(1) Each display advertisement published under Subsection 17B-4-501 (2)(d) shall
             2774      appear in a portion of the newspaper other than where legal notices and classified
             2775      advertisements appear.]
             2776          [(2)] Each [display advertisement published and] notice [posted] under [Subsection
             2777      17B-4-501 (2)(d)] Section 17C-2-502 of a budget hearing shall contain:
             2778          [(a)] (1) the following statement:
             2779          ["NOTICE OF BUDGET HEARING FOR (NAME OF PROJECT AREA)]
             2780          "The (name of agency) has requested $________ in property tax revenues that will be
             2781      generated by development within the (name of project area) to fund a portion of project costs
             2782      within the (name of project area). These property tax revenues will be used for the following:
             2783      (list major budget categories and amounts). These property taxes will be taxes levied by the
             2784      following governmental entities, and, assuming current tax rates, the taxes paid to the agency


             2785      for this project area from each taxing entity will be as follows: (list each taxing entity levying
             2786      taxes and the amount of total taxes that would be paid from each taxing entity). All of the
             2787      property taxes to be paid to the agency for the development in the project area are taxes that
             2788      will be generated only if the project area is developed.
             2789          All concerned citizens are invited to attend the project area budget hearing scheduled
             2790      for (date, time, and place of hearing). A copy of the (name of project area) project area budget
             2791      is available at the offices of (name of agency and office address)."; and
             2792          [(b)] (2) other information that the agency considers appropriate.
             2793          Section 81. Section 17C-3-101 is enacted to read:
             2794     
CHAPTER 3. ECONOMIC DEVELOPMENT

             2795     
Part 1. Economic Development Project Area Plan

             2796          17C-3-101. Resolution authorizing the preparation of a draft economic
             2797      development project area plan -- Request to adopt resolution.
             2798          (1) An agency board may begin the process of adopting an economic development
             2799      project area plan by adopting a resolution that authorizes the preparation of a draft project area
             2800      plan.
             2801          (2) (a) Any person or any group, association, corporation, or other entity may submit a
             2802      written request to the board to adopt a resolution under Subsection (1).
             2803          (b) A request under Subsection (2)(a) may include plans showing the economic
             2804      development proposed for an area within the agency's boundaries.
             2805          (c) The board may, in its sole discretion, grant or deny a request under Subsection
             2806      (2)(a).
             2807          Section 82. Section 17C-3-102 is enacted to read:
             2808          17C-3-102. Process for adopting an economic development project area plan --
             2809      Prerequisites -- Restrictions.
             2810          (1) In order to adopt an economic development project area plan, after adopting a
             2811      resolution under Subsection 17C-3-101 (1) the agency shall:
             2812          (a) prepare a draft of an economic development project area plan and conduct any
             2813      examination, investigation, and negotiation regarding the project area plan that the agency
             2814      considers appropriate;
             2815          (b) make the draft project area plan available to the public at the agency's offices


             2816      during normal business hours;
             2817          (c) provide notice of the plan hearing as provided in Part 4, Economic Development
             2818      Notice Requirements;
             2819          (d) hold a public hearing on the draft project area plan and, at that public hearing:
             2820          (i) allow public comment on:
             2821          (A) the draft project area plan; and
             2822          (B) whether the draft project area plan should be revised, approved, or rejected; and
             2823          (ii) receive all written and hear all oral objections to the draft project area plan;
             2824          (e) before holding the plan hearing, provide an opportunity for the State Board of
             2825      Education and each taxing entity that levies a tax on property within the proposed project area
             2826      to consult with the agency regarding the draft project area plan;
             2827          (f) after holding the plan hearing, at the same meeting or at a subsequent meeting
             2828      consider:
             2829          (i) the oral and written objections to the draft project area plan and evidence and
             2830      testimony for or against adoption of the draft project area plan; and
             2831          (ii) whether to revise, approve, or reject the draft project area plan;
             2832          (g) approve the draft project area plan, with or without revisions, as the project area
             2833      plan by a resolution that complies with Section 17C-3-105 ; and
             2834          (h) submit the project area plan to the community legislative body for adoption.
             2835          (2) An agency may not propose a project area plan under Subsection (1) unless the
             2836      community in which the proposed project area is located:
             2837          (a) has a planning commission; and
             2838          (b) has adopted a general plan under:
             2839          (i) if the community is a city or town, Title 10, Chapter 9a, Part 4, General Plan; or
             2840          (ii) if the community is a county, Title 17, Chapter 27a, Part 4, General Plan.
             2841          (3) An agency board may not approve a project area plan more than one year after the
             2842      date of the plan hearing.
             2843          (4) (a) Except as provided in Subsection (4)(b), a draft project area plan may not be
             2844      modified to add real property to the proposed project area unless the board holds a plan hearing
             2845      to consider the addition and gives notice of the plan hearing as required under Part 4,
             2846      Economic Development Notice Requirements.


             2847          (b) The notice and hearing requirements under Subsection (4)(a) do not apply to a draft
             2848      project area plan being modified to add real property to the proposed project area if:
             2849          (i) the property is contiguous to the property already included in the proposed project
             2850      area under the draft project area plan; and
             2851          (ii) the record owner of the property consents to adding the real property to the
             2852      proposed project area.
             2853          Section 83. Section 17C-3-103 is enacted to read:
             2854          17C-3-103. Economic development project area plan requirements.
             2855          (1) Each economic development project area plan and draft project area plan shall:
             2856          (a) describe the boundaries of the project area;
             2857          (b) contain a general statement of the land uses, layout of principal streets, population
             2858      densities, and building intensities of the project area and how they will be affected by the
             2859      economic development;
             2860          (c) state the standards that will guide the economic development;
             2861          (d) show how the purposes of this title will be attained by the economic development;
             2862          (e) be consistent with the general plan of the community in which the project area is
             2863      located and show that the economic development will conform to the community's general
             2864      plan;
             2865          (f) describe how the economic development will create additional jobs;
             2866          (g) describe any specific project or projects that are the object of the proposed
             2867      economic development;
             2868          (h) identify how private developers, if any, will be selected to undertake the economic
             2869      development and identify each private developer currently involved in the economic
             2870      development process;
             2871          (i) state the reasons for the selection of the project area;
             2872          (j) describe the physical, social, and economic conditions existing in the project area;
             2873          (k) describe any tax incentives offered private entities for facilities located in the
             2874      project area;
             2875          (l) include an analysis, as provided in Subsection (2), of whether adoption of the
             2876      project area plan is beneficial under a benefit analysis;
             2877          (m) if any of the existing buildings or uses in the project area are included in or eligible


             2878      for inclusion in the National Register of Historic Places or the State Register, state that the
             2879      agency shall comply with Subsection 9-8-404 (1) as though the agency were a state agency; and
             2880          (n) include other information that the agency determines to be necessary or advisable.
             2881          (2) Each analysis under Subsection (1)(l) shall consider:
             2882          (a) the benefit of any financial assistance or other public subsidy proposed to be
             2883      provided by the agency, including:
             2884          (i) an evaluation of the reasonableness of the costs of economic development;
             2885          (ii) efforts the agency or developer has made or will make to maximize private
             2886      investment;
             2887          (iii) the rationale for use of tax increment, including an analysis of whether the
             2888      proposed development might reasonably be expected to occur in the foreseeable future solely
             2889      through private investment; and
             2890          (iv) an estimate of the total amount of tax increment that will be expended in
             2891      undertaking economic development and the length of time for which it will be expended; and
             2892          (b) the anticipated public benefit to be derived from the economic development,
             2893      including:
             2894          (i) the beneficial influences upon the tax base of the community;
             2895          (ii) the associated business and economic activity likely to be stimulated; and
             2896          (iii) the number of jobs or employment anticipated to be generated or preserved.
             2897          Section 84. Section 17C-3-104 is enacted to read:
             2898          17C-3-104. Existing and historic buildings and uses in an economic development
             2899      project area.
             2900          If any of the existing buildings or uses in an economic development project area are
             2901      included in or eligible for inclusion in the National Register of Historic Places or the State
             2902      Register, the agency shall comply with Subsection 9-8-404 (1) as though the agency were a state
             2903      agency.
             2904          Section 85. Section 17C-3-105 is enacted to read:
             2905          17C-3-105. Board resolution approving an economic development project area
             2906      plan -- Requirements.
             2907          Each board resolution approving a draft economic development project area plan as the
             2908      project area plan under Subsection 17C-3-102 (1)(g) shall contain:


             2909          (1) a legal description of the boundaries of the project area that is the subject of the
             2910      project area plan;
             2911          (2) the agency's purposes and intent with respect to the project area;
             2912          (3) the project area plan incorporated by reference; and
             2913          (4) the board findings and determinations that:
             2914          (a) there is a need to effectuate a public purpose;
             2915          (b) there is a public benefit under the analysis described in Subsection 17C-3-103 (2);
             2916          (c) it is economically sound and feasible to adopt and carry out the project area plan;
             2917          (d) the project area plan conforms to the community's general plan; and
             2918          (e) carrying out the project area plan will promote the public peace, health, safety, and
             2919      welfare of the community in which the project area is located.
             2920          Section 86. Section 17C-3-106 is enacted to read:
             2921          17C-3-106. Economic development project area plan to be adopted by community
             2922      legislative body.
             2923          (1) An economic development project area plan approved by board resolution under
             2924      Subsection 17C-3-102 (1)(g) may not take effect until it has been adopted by ordinance of the
             2925      legislative body of the community that created the agency and notice under Section 17C-3-107
             2926      is provided.
             2927          (2) Each ordinance under Subsection (1) shall:
             2928          (a) be adopted by the community legislative body after the board's approval of a
             2929      resolution under Subsection 17C-3-102 (1)(g); and
             2930          (b) designate the approved project area plan as the official economic development plan
             2931      of the project area.
             2932          Section 87. Section 17C-3-107 is enacted to read:
             2933          17C-3-107. Notice of economic development project area plan adoption --
             2934      Effective date of plan -- Contesting the formation of the plan.
             2935          (1) (a) Upon the community legislative body's adoption of an economic development
             2936      project area plan, the legislative body shall provide notice as provided in Subsection (1)(b) by:
             2937          (i) publishing or causing to be published a notice in a newspaper of general circulation
             2938      within the agency's boundaries; or
             2939          (ii) if there is no newspaper of general circulation within the agency's boundaries,


             2940      causing a notice to be posted in at least three public places within the agency's boundaries.
             2941          (b) Each notice under Subsection (1)(a) shall:
             2942          (i) set forth the community legislative body's ordinance adopting the project area plan
             2943      or a summary of the ordinance; and
             2944          (ii) include a statement that the project area plan is available for general public
             2945      inspection and the hours for inspection.
             2946          (2) The project area plan shall become effective on the date of:
             2947          (a) if notice was published under Subsection (1)(a), publication of the notice; or
             2948          (b) if notice was posted under Subsection (1)(a), posting of the notice.
             2949          (3) (a) For a period of 30 days after the effective date of the project area plan under
             2950      Subsection (2), any person in interest may contest the project area plan or the procedure used to
             2951      adopt the project area plan if the plan or procedure fails to comply with applicable statutory
             2952      requirements.
             2953          (b) After the 30-day period under Subsection (3)(a) expires, no person may contest the
             2954      project area plan or procedure used to adopt the project area plan for any cause.
             2955          (4) Upon adoption of the economic development project area plan by the community's
             2956      legislative body, the agency may carry out the project area plan.
             2957          (5) Each agency shall make the adopted economic development project area plan
             2958      available to the general public at its offices during normal business hours.
             2959          Section 88. Section 17C-3-108 is enacted to read:
             2960          17C-3-108. Agency required to transmit and record documents after adoption of
             2961      economic development project area plan.
             2962          Within 30 days after the community legislative body adopts, under Section 17C-3-106 ,
             2963      an economic development project area plan, the agency shall:
             2964          (1) record with the recorder of the county in which the economic development project
             2965      area is located a document containing:
             2966          (a) a description of the land within the project area;
             2967          (b) a statement that the project area plan for the project area has been adopted; and
             2968          (c) the date of adoption;
             2969          (2) transmit a copy of the description of the land within the project area and an accurate
             2970      map or plat indicating the boundaries of the project area to the Automated Geographic


             2971      Reference Center created under Section 63F-1-506 ; and
             2972          (3) for a project area plan that provides for the payment of tax increment to the agency,
             2973      transmit a copy of the description of the land within the project area, a copy of the community
             2974      legislative body ordinance adopting the project area plan, and a map or plat indicating the
             2975      boundaries of the project area to:
             2976          (a) the auditor, recorder, attorney, surveyor, and assessor of each county in which any
             2977      part of the project area is located;
             2978          (b) the officer or officers performing the function of auditor or assessor for each taxing
             2979      entity that does not use the county assessment roll or collect its taxes through the county;
             2980          (c) the legislative body or governing board of each taxing entity;
             2981          (d) the State Tax Commission; and
             2982          (e) the State Board of Education.
             2983          Section 89. Section 17C-3-109 is enacted to read:
             2984          17C-3-109. Amending an economic development project area plan.
             2985          (1) An adopted economic development project area plan may be amended as provided
             2986      in this section.
             2987          (2) If an agency proposes to amend an adopted economic development project area
             2988      plan to enlarge the project area:
             2989          (a) the requirements under this part that apply to adopting a project area plan apply
             2990      equally to the proposed amendment as if it were a proposed project area plan;
             2991          (b) the base year taxable value for the new area added to the project area shall be
             2992      determined under Subsection 17C-1-102 (6)(b) using the date of the taxing entity committee's
             2993      consent referred to in Subsection (2)(c); and
             2994          (c) the agency shall obtain the consent of the taxing entity committee before the agency
             2995      may collect tax increment from the area added to the project area by the amendment.
             2996          (3) If a proposed amendment does not propose to enlarge an economic development
             2997      project area, an agency board may adopt a resolution approving an amendment to an adopted
             2998      project area plan after:
             2999          (a) the agency gives notice, as provided in Section 17C-3-402 , of the proposed
             3000      amendment and of the public hearing required by Subsection (3)(b);
             3001          (b) the agency board holds a public hearing on the proposed amendment that meets the


             3002      requirements of a plan hearing;
             3003          (c) the agency obtains the taxing entity committee's consent to the amendment, if the
             3004      amendment proposes:
             3005          (i) to enlarge the area within the project area from which tax increment is collected; or
             3006          (ii) to permit the agency to receive a greater percentage of tax increment or to receive
             3007      tax increment for a longer period of time than allowed under the adopted project area plan; and
             3008          (d) the agency obtains the consent of the legislative body or governing board of each
             3009      taxing entity affected, if the amendment proposes to permit the agency to receive, from less
             3010      than all taxing entities, a greater percentage of tax increment or to receive tax increment for a
             3011      longer period of time, or both, than allowed under the adopted project area plan.
             3012          (4) (a) An adopted project area plan may be amended without complying with the
             3013      notice and public hearing requirements of Subsections (2)(a) and (3)(a) and (b) and without
             3014      obtaining taxing entity committee approval under Subsection (3)(c) if the amendment:
             3015          (i) makes a minor adjustment in the legal description of a project area boundary
             3016      requested by a county assessor or county auditor to avoid inconsistent property boundary lines;
             3017      or
             3018          (ii) subject to Subsection (4)(b), removes a parcel of real property from a project area
             3019      because the agency determines that inclusion of the parcel is no longer necessary or desirable to
             3020      the project area.
             3021          (b) An amendment removing a parcel of real property from a project area under
             3022      Subsection (4)(a) may not be made without the consent of the record property owner of the
             3023      parcel being removed.
             3024          (5) (a) An amendment approved by board resolution under this section may not take
             3025      effect until adopted by ordinance of the legislative body of the community in which the project
             3026      area that is the subject of the project area plan being amended is located.
             3027          (b) Upon a community legislative body passing an ordinance adopting an amendment
             3028      to a project area plan, the agency whose project area plan was amended shall comply with the
             3029      requirements of Section 17C-3-108 to the same extent as if the amendment were a project area
             3030      plan.
             3031          Section 90. Section 17C-3-201 is enacted to read:
             3032     
Part 2. Economic Development Project Area Budget


             3033          17C-3-201. Economic development project area budget -- Requirements for
             3034      adopting -- Contesting the budget or procedure -- Time limit.
             3035          (1) If an agency anticipates funding all or a portion of a post-June 30, 1993 economic
             3036      development project area plan with tax increment, the agency shall, subject to Section
             3037      17C-3-202 , adopt a project area budget as provided in this part.
             3038          (2) To adopt an economic development project area budget, the agency shall:
             3039          (a) prepare a draft of an economic development project area budget;
             3040          (b) make a copy of the draft project area budget available to the public at the agency's
             3041      offices during normal business hours;
             3042          (c) provide notice of the budget hearing as required by Part 4, Economic Development
             3043      Notice Requirements;
             3044          (d) hold a public hearing on the draft project area budget and, at that public hearing,
             3045      allow public comment on:
             3046          (i) the draft project area budget; and
             3047          (ii) whether the draft project area budget should be revised, adopted, or rejected;
             3048          (e) (i) if required under Subsection 17C-3-203 (1), obtain the approval of the taxing
             3049      entity committee on the draft project area budget or a revised version of the draft project area
             3050      budget; or
             3051          (ii) if applicable, comply with the requirements of Subsection 17C-3-203 (2); and
             3052          (f) after the budget hearing, hold a board meeting in the same meeting as the public
             3053      hearing or in a subsequent meeting to:
             3054          (i) consider comments made and information presented at the public hearing relating to
             3055      the draft project area budget; and
             3056          (ii) adopt by resolution the draft project area budget, with any revisions, as the project
             3057      area budget.
             3058          (3) (a) For a period of 30 days after the agency's adoption of the project area budget
             3059      under Subsection (2)(f), any person in interest may contest the project area budget or the
             3060      procedure used to adopt the project area budget if the budget or procedure fails to comply with
             3061      applicable statutory requirements.
             3062          (b) After the 30-day period under Subsection (3)(a) expires, no person may contest the
             3063      project area budget or procedure used to adopt the project area budget for any cause.


             3064          Section 91. Section 17C-3-202 is enacted to read:
             3065          17C-3-202. Part of tax increment funds in an economic development project area
             3066      budget to be used for housing -- Waiver of requirement.
             3067          (1) (a) Except as provided in Subsection (1)(b), each economic development project
             3068      area budget adopted on or after May 1, 2000 that provides for more than $100,000 of annual
             3069      tax increment to be paid to the agency shall allocate at least 20% of the tax increment for
             3070      housing as provided in Section 17C-1-412 .
             3071          (b) The 20% requirement of Subsection (1)(a) may be waived:
             3072          (i) in part or whole by the mutual consent of the loan fund board and the taxing entity
             3073      committee if they determine that 20% of tax increment is more than is needed to address the
             3074      community's need for income targeted housing; or
             3075          (ii) in fifth and sixth class counties, by the taxing entity committee for economic
             3076      development project area budgets adopted on or after May 1, 2002, if the economic
             3077      development project area consists of an area without housing units.
             3078          (2) An economic development project area budget not required under Subsection (1)(a)
             3079      to allocate tax increment for housing may allocate 20% of tax increment payable to the agency
             3080      over the life of the project area for housing as provided in Section 17C-1-412 if the project area
             3081      budget is under a project area plan that is adopted on or after July 1, 1998.
             3082          Section 92. Section 17C-3-203 is enacted to read:
             3083          17C-3-203. Consent of taxing entity committee required for economic
             3084      development project area budget -- Exception.
             3085          (1) (a) Except as provided in Subsection (1)(b) and subject to Subsection (2), each
             3086      agency shall obtain the consent of the taxing entity committee for each economic development
             3087      project area budget under a post-June 30, 1993 economic development project area plan before
             3088      the agency may collect any tax increment from the project area.
             3089          (b) For an economic development project area budget adopted from July 1, 1998
             3090      through May 1, 2000 that allocates 20% or more of the tax increment for housing as provided
             3091      in Section 17C-1-412 , an agency:
             3092          (i) need not obtain the consent of the taxing entity committee for the project area
             3093      budget; and
             3094          (ii) may not collect any tax increment from all or part of the project area until after:


             3095          (A) the loan fund board has certified the project area budget as complying with the
             3096      requirements of Section 17C-1-412 ; and
             3097          (B) the agency board has approved and adopted the project area budget by a two-thirds
             3098      vote.
             3099          (2) (a) Before a taxing entity committee may consent to an economic development
             3100      project area budget adopted on or after May 1, 2000 that is required under Subsection
             3101      17C-3-202 (1)(a) to allocate 20% of tax increment for housing, the agency shall:
             3102          (i) adopt a housing plan showing the uses for the housing funds; and
             3103          (ii) provide a copy of the housing plan to the taxing entity committee and the loan fund
             3104      board.
             3105          (b) If an agency amends a housing plan prepared under Subsection (2)(a), the agency
             3106      shall provide a copy of the amendment to the taxing entity committee and the loan fund board.
             3107          Section 93. Section 17C-3-204 is enacted to read:
             3108          17C-3-204. Filing a copy of the economic development project area budget.
             3109          Each agency adopting an economic development project area budget shall:
             3110          (1) within 30 days after adopting the project area budget, file a copy of the project area
             3111      budget with the auditor of the county in which the project area is located, the State Tax
             3112      Commission, the state auditor, the State Board of Education, and each taxing entity affected by
             3113      the agency's collection of tax increment under the project area budget; and
             3114          (2) if the project area budget allocates tax increment for housing under Section
             3115      17C-1-412 , file a copy of the project area budget with the loan fund board.
             3116          Section 94. Section 17C-3-205 is enacted to read:
             3117          17C-3-205. Amending an economic development project area budget.
             3118          (1) An agency may by resolution amend an economic development project area budget
             3119      as provided in this section.
             3120          (2) To amend an adopted economic development project area budget, the agency shall:
             3121          (a) advertise and hold one public hearing on the proposed amendment as provided in
             3122      Subsection (3);
             3123          (b) obtain the approval of the taxing entity committee if the agency was required under
             3124      Section 17C-3-203 to obtain the consent of the taxing entity committee for the project area
             3125      budget as originally adopted; and


             3126          (c) adopt a resolution amending the project area budget.
             3127          (3) The public hearing required under Subsection (2)(a) shall be conducted according
             3128      to the procedures and requirements of Section 17C-3-201 , except that if the amended project
             3129      area budget proposes that the agency be paid a greater proportion of tax increment from a
             3130      project area than was to be paid under the previous project area budget, the notice shall state
             3131      the percentage paid under the previous project area budget and the percentage proposed under
             3132      the amended project area budget.
             3133          (4) If a proposed amendment is not adopted, the agency shall continue to operate under
             3134      the previously adopted economic development project area budget without the proposed
             3135      amendment.
             3136          Section 95. Section 17C-3-301 is enacted to read:
             3137     
Part 3. Economic Development Hearings

             3138          17C-3-301. Combining hearings.
             3139          A board may combine a plan hearing with a budget hearing.
             3140          Section 96. Section 17C-3-302 is enacted to read:
             3141          17C-3-302. Continuing a hearing.
             3142          Subject to Section 17C-3-303 , the board may continue from time to time a:
             3143          (1) plan hearing;
             3144          (2) budget hearing; or
             3145          (3) combined plan hearing and budget hearing under Section 17C-3-301 .
             3146          Section 97. Section 17C-3-303 is enacted to read:
             3147          17C-3-303. Notice required for continued hearing.
             3148          The board shall give notice of a hearing continued under Section 17C-3-302 by
             3149      announcing at the hearing:
             3150          (1) the date, time, and place the hearing will be resumed; or
             3151          (2) that it is being continued to a later time and causing a notice of the continued
             3152      hearing to be:
             3153          (a) published once in a newspaper of general circulation within the agency boundaries
             3154      at least seven days before the hearing is scheduled to resume; or
             3155          (b) if there is no newspaper of general circulation, posted in at least three conspicuous
             3156      places within the boundaries of the agency in which the project area or proposed project area is


             3157      located.
             3158          Section 98. Section 17C-3-401 is enacted to read:
             3159     
Part 4. Economic Development Notice Requirements

             3160          17C-3-401. Agency to provide notice of hearings.
             3161          (1) Each agency shall provide notice, as provided in this part, of each:
             3162          (a) plan hearing; and
             3163          (b) budget hearing.
             3164          (2) The notice required under Subsection (1) for a plan hearing may be combined with
             3165      the notice required for a budget hearing if those two hearings are combined under Section
             3166      17C-3-301 .
             3167          Section 99. Section 17C-3-402 is enacted to read:
             3168          17C-3-402. Requirements for notice provided by agency.
             3169          (1) The notice required by Section 17C-3-401 shall be given by:
             3170          (a) (i) publishing one notice, excluding the map referred to in Subsection (3)(b), in a
             3171      newspaper of general circulation within the county in which the project area or proposed
             3172      project area is located, at least 14 days before the hearing; or
             3173          (ii) if there is no newspaper of general circulation, posting notice in at least three
             3174      conspicuous places within the county in which the project area or proposed project area is
             3175      located; and
             3176          (b) at least 30 days before the hearing, mailing notice to:
             3177          (i) each record owner of property located within the project area or proposed project
             3178      area;
             3179          (ii) the State Tax Commission;
             3180          (iii) the assessor and auditor of the county in which the project area or proposed project
             3181      area is located; and
             3182          (iv) (A) each member of the taxing entity committee; or
             3183          (B) if a taxing entity committee has not yet been formed, the State Board of Education
             3184      and the legislative body or governing board of each taxing entity.
             3185          (2) The mailing of notice to record property owners required under Subsection (1)(b)(i)
             3186      shall be conclusively considered to have been properly completed if:
             3187          (a) the agency mails the notice to the property owners as shown in the records,


             3188      including an electronic database, of the county recorder's office and at the addresses shown in
             3189      those records; and
             3190          (b) the county recorder's office records used by the agency in identifying owners to
             3191      whom the notice is mailed and their addresses were obtained or accessed from the county
             3192      recorder's office no earlier than 30 days before the mailing.
             3193          (3) The agency shall include in each notice required under Section 17C-3-401 :
             3194          (a) (i) a specific description of the boundaries of the economic development project
             3195      area or proposed project area; or
             3196          (ii) (A) a mailing address or telephone number where a person may request that a copy
             3197      of the description be sent at no cost to the person by mail or facsimile transmission; and
             3198          (B) if the agency has an Internet website, an Internet address where a person may gain
             3199      access to an electronic, printable copy of the description;
             3200          (b) a map of the boundaries of the project area or proposed project area;
             3201          (c) an explanation of the purpose of the hearing; and
             3202          (d) a statement of the date, time, and location of the hearing.
             3203          (4) The agency shall include in each notice under Subsections (1)(b)(ii), (iii), and (iv):
             3204          (a) a statement that property tax revenues resulting from an increase in valuation of
             3205      property within the economic development project area or proposed project area will be paid to
             3206      the agency for economic development purposes rather than to the taxing entity to which the tax
             3207      revenues would otherwise have been paid if:
             3208          (i) a majority of the taxing entity committee consents to the project area budget; and
             3209          (ii) the project area plan provides for the agency to receive tax increment; and
             3210          (b) an invitation to the recipient of the notice to submit to the agency comments
             3211      concerning the subject matter of the hearing before the date of the hearing.
             3212          (5) An agency may include in a notice under Subsection (1) any other information the
             3213      agency considers necessary or advisable, including the public purpose served by the project and
             3214      any future tax benefits expected to result from the project.
             3215          Section 100. Section 17C-3-403 is enacted to read:
             3216          17C-3-403. Additional requirements for notice of a plan hearing.
             3217          Each notice under Section 17C-3-402 of a plan hearing shall include:
             3218          (1) a statement that any person objecting to the draft project area plan or contesting the


             3219      regularity of any of the proceedings to adopt it may appear before the agency board at the
             3220      hearing to show cause why the draft project area plan should not be adopted; and
             3221          (2) a statement that the proposed economic development project area plan is available
             3222      for inspection at the agency offices.
             3223          Section 101. Section 17C-3-404 is enacted to read:
             3224          17C-3-404. Additional requirements for notice of a budget hearing.
             3225          Each notice under Subsection 17C-3-201 (2)(c) of a budget hearing shall contain:
             3226          (1) the following statement:
             3227          "The (name of agency) has requested $________ in property tax revenues that will be
             3228      generated by development within the (name of project area) to fund a portion of project costs
             3229      within the (name of project area). These property tax revenues will be used for the following:
             3230      (list major budget categories and amounts). These property taxes will be taxes levied by the
             3231      following governmental entities, and, assuming current tax rates, the taxes paid to the agency
             3232      for this project area from each taxing entity will be as follows: (list each taxing entity levying
             3233      taxes and the amount of total taxes that would be paid from each taxing entity). All of the
             3234      property taxes to be paid to the agency for the economic development in the project area are
             3235      taxes that will be generated only if the project area is developed.
             3236          All concerned citizens are invited to attend the project area budget hearing scheduled
             3237      for (date, time, and place of hearing). A copy of the (name of project area) project area budget
             3238      is available at the offices of (name of agency and office address)."; and
             3239          (2) other information that the agency considers appropriate.
             3240          Section 102. Section 17C-4-101 is enacted to read:
             3241     
CHAPTER 4. COMMUNITY DEVELOPMENT

             3242     
Part 1. Community Development Project Area Plan

             3243          17C-4-101. Resolution authorizing the preparation of a community development
             3244      draft project area plan -- Request to adopt resolution.
             3245          (1) An agency board may begin the process of adopting a community development
             3246      project area plan by adopting a resolution that authorizes the preparation of a draft community
             3247      development project area plan.
             3248          (2) (a) Any person or any group, association, corporation, or other entity may submit a
             3249      written request to the board to adopt a resolution under Subsection (1).


             3250          (b) A request under Subsection (2)(a) may include plans showing the community
             3251      development proposed for an area within the agency's boundaries.
             3252          (c) The board may, in its sole discretion, grant or deny a request under Subsection
             3253      (2)(a).
             3254          Section 103. Section 17C-4-102 is enacted to read:
             3255          17C-4-102. Process for adopting a community development project area plan --
             3256      Prerequisites -- Restrictions.
             3257          (1) In order to adopt a community development project area plan, after adopting a
             3258      resolution under Subsection 17C-4-101 (1) the agency shall:
             3259          (a) prepare a draft of a community development project area plan and conduct any
             3260      examination, investigation, and negotiation regarding the project area plan that the agency
             3261      considers appropriate;
             3262          (b) make the draft project area plan available to the public at the agency's offices
             3263      during normal business hours;
             3264          (c) provide notice of the plan hearing as provided in Section 17C-4-402 ;
             3265          (d) hold a public hearing on the draft project area plan and, at that public hearing:
             3266          (i) allow public comment on:
             3267          (A) the draft project area plan; and
             3268          (B) whether the draft project area plan should be revised, approved, or rejected; and
             3269          (ii) receive all written and hear all oral objections to the draft project area plan;
             3270          (e) after holding the plan hearing, at the same meeting or at one or more subsequent
             3271      meetings consider:
             3272          (i) the oral and written objections to the draft project area plan and evidence and
             3273      testimony for or against adoption of the draft project area plan; and
             3274          (ii) whether to revise, approve, or reject the draft project area plan;
             3275          (f) approve the draft project area plan, with or without revisions, as the project area
             3276      plan by a resolution that complies with Section 17C-4-104 ; and
             3277          (g) submit the project area plan to the community legislative body for adoption.
             3278          (2) An agency may not propose a community development project area plan under
             3279      Subsection (1) unless the community in which the proposed project area is located:
             3280          (a) has a planning commission; and


             3281          (b) has adopted a general plan under:
             3282          (i) if the community is a city or town, Title 10, Chapter 9a, Part 4, General Plan; or
             3283          (ii) if the community is a county, Title 17, Chapter 27a, Part 4, General Plan.
             3284          (3) (a) Except as provided in Subsection (3)(b), a draft project area plan may not be
             3285      modified to add real property to the proposed project area unless the board holds a plan hearing
             3286      to consider the addition and gives notice of the plan hearing as required under Section
             3287      17C-4-402 .
             3288          (b) The notice and hearing requirements under Subsection (3)(a) do not apply to a draft
             3289      project area plan being modified to add real property to the proposed project area if:
             3290          (i) the property is contiguous to the property already included in the proposed project
             3291      area under the draft project area plan; and
             3292          (ii) the record owner of the property consents to adding the real property to the
             3293      proposed project area.
             3294          Section 104. Section 17C-4-103 is enacted to read:
             3295          17C-4-103. Community development project area plan requirements.
             3296          Each community development project area plan and draft project area plan shall:
             3297          (1) describe the boundaries of the project area;
             3298          (2) contain a general statement of the land uses, layout of principal streets, population
             3299      densities, and building intensities of the project area and how they will be affected by the
             3300      community development;
             3301          (3) state the standards that will guide the community development;
             3302          (4) show how the purposes of this title will be attained by the community development;
             3303          (5) be consistent with the general plan of the community in which the project area is
             3304      located and show that the community development will conform to the community's general
             3305      plan;
             3306          (6) describe any specific project or projects that are the object of the proposed
             3307      community development;
             3308          (7) identify how private developers, if any, will be selected to undertake the
             3309      community development and identify each private developer currently involved in the
             3310      community development process;
             3311          (8) state the reasons for the selection of the project area;


             3312          (9) describe the physical, social, and economic conditions existing in the project area;
             3313          (10) describe any tax incentives offered private entities for facilities located in the
             3314      project area;
             3315          (11) include an analysis or description of the anticipated public benefit to be derived
             3316      from the community development, including:
             3317          (a) the beneficial influences upon the tax base of the community; and
             3318          (b) the associated business and economic activity likely to be stimulated; and
             3319          (12) include other information that the agency determines to be necessary or advisable.
             3320          Section 105. Section 17C-4-104 is enacted to read:
             3321          17C-4-104. Board resolution approving a community development project area
             3322      plan -- Requirements.
             3323          Each board resolution approving a draft community development project area plan as
             3324      the project area plan under Subsection 17C-4-102 (1)(f) shall contain:
             3325          (1) a legal description of the boundaries of the project area that is the subject of the
             3326      project area plan;
             3327          (2) the agency's purposes and intent with respect to the project area;
             3328          (3) the project area plan incorporated by reference; and
             3329          (4) the board findings and determinations that adoption of the community development
             3330      project area plan will:
             3331          (a) satisfy a public purpose;
             3332          (b) provide a public benefit as shown by the analysis described in Subsection
             3333      17C-4-103 (11);
             3334          (c) be economically sound and feasible;
             3335          (d) conform to the community's general plan; and
             3336          (e) promote the public peace, health, safety, and welfare of the community in which the
             3337      project area is located.
             3338          Section 106. Section 17C-4-105 is enacted to read:
             3339          17C-4-105. Community development plan to be adopted by community legislative
             3340      body.
             3341          (1) A community development project area plan approved by board resolution under
             3342      Section 17C-4-104 may not take effect until it has been adopted by ordinance of the legislative


             3343      body of the community that created the agency and notice under Section 17C-4-106 is
             3344      provided.
             3345          (2) Each ordinance under Subsection (1) shall:
             3346          (a) be adopted by the community legislative body after the board's approval of a
             3347      resolution under Section 17C-4-104 ; and
             3348          (b) designate the approved project area plan as the official community development
             3349      plan of the project area.
             3350          Section 107. Section 17C-4-106 is enacted to read:
             3351          17C-4-106. Notice of community development project area plan adoption --
             3352      Effective date of plan -- Contesting the formation of the plan.
             3353          (1) (a) Upon the community legislative body's adoption of a community development
             3354      project area plan, the legislative body shall provide notice as provided in Subsection (1)(b) by:
             3355          (i) publishing or causing to be published a notice in a newspaper of general circulation
             3356      within the agency's boundaries; or
             3357          (ii) if there is no newspaper of general circulation within the agency's boundaries,
             3358      causing a notice to be posted in at least three public places within the agency's boundaries.
             3359          (b) Each notice under Subsection (1)(a) shall:
             3360          (i) set forth the community legislative body's ordinance adopting the community
             3361      development project area plan or a summary of the ordinance; and
             3362          (ii) include a statement that the project area plan is available for general public
             3363      inspection and the hours for inspection.
             3364          (2) The community development project area plan shall become effective on the date
             3365      of:
             3366          (a) if notice was published under Subsection (1)(a), publication of the notice; or
             3367          (b) if notice was posted under Subsection (1)(a), posting of the notice.
             3368          (3) (a) For a period of 30 days after the effective date of the community development
             3369      project area plan under Subsection (2), any person in interest may contest the project area plan
             3370      or the procedure used to adopt the project area plan if the plan or procedure fails to comply
             3371      with applicable statutory requirements.
             3372          (b) After the 30-day period under Subsection (3)(a) expires, no person may contest the
             3373      community development project area plan or procedure used to adopt the project area plan for


             3374      any cause.
             3375          (4) Upon adoption of the community development project area plan by the
             3376      community's legislative body, the agency may carry out the project area plan.
             3377          (5) Each agency shall make the adopted project area plan available to the general
             3378      public at its offices during normal business hours.
             3379          Section 108. Section 17C-4-107 is enacted to read:
             3380          17C-4-107. Agency required to transmit and record documents after adoption of
             3381      community development project area plan.
             3382          Within 30 days after the community legislative body adopts, under Section 17C-4-105 ,
             3383      a community development project area plan, the agency shall:
             3384          (1) record with the recorder of the county in which the project area is located a
             3385      document containing:
             3386          (a) a description of the land within the project area;
             3387          (b) a statement that the project area plan for the project area has been adopted; and
             3388          (c) the date of adoption;
             3389          (2) transmit a copy of the description of the land within the project area and an accurate
             3390      map or plat indicating the boundaries of the project area to the Automated Geographic
             3391      Reference Center created under Section 63F-1-506 ; and
             3392          (3) for a project area plan that provides for the payment of tax increment to the agency,
             3393      transmit a copy of the description of the land within the project area, a copy of the community
             3394      legislative body ordinance adopting the project area plan, and a map or plat indicating the
             3395      boundaries of the project area to:
             3396          (a) the auditor, recorder, attorney, surveyor, and assessor of each county in which any
             3397      part of the project area is located;
             3398          (b) the officer or officers performing the function of auditor or assessor for each taxing
             3399      entity that does not use the county assessment roll or collect its taxes through the county;
             3400          (c) the legislative body or governing board of each taxing entity;
             3401          (d) the State Tax Commission; and
             3402          (e) the State Board of Education.
             3403          Section 109. Section 17C-4-108 is enacted to read:
             3404          17C-4-108. Amending a community development project area plan.


             3405          (1) Except as provided in Subsection (2), the requirements under this part that apply to
             3406      adopting a community development project area plan apply equally to a proposed amendment
             3407      of a community development project area plan as though the amendment were a proposed
             3408      project area plan.
             3409          (2) (a) Notwithstanding Subsection (1), an adopted project area plan may be amended
             3410      without complying with the notice and public hearing requirements of this part if the proposed
             3411      amendment:
             3412          (i) makes a minor adjustment in the legal description of a project area boundary
             3413      requested by a county assessor or county auditor to avoid inconsistent property boundary lines;
             3414      or
             3415          (ii) subject to Subsection (2)(b), removes a parcel of real property from a project area
             3416      because the agency determines that inclusion of the parcel is no longer necessary or desirable to
             3417      the project area.
             3418          (b) An amendment removing a parcel of real property from a community development
             3419      project area under Subsection (2)(a)(ii) may not be made without the consent of the record
             3420      property owner of the parcel being removed.
             3421          (3) (a) An amendment approved by board resolution under this section may not take
             3422      effect until adopted by ordinance of the legislative body of the community in which the project
             3423      area that is the subject of the project area plan being amended is located.
             3424          (b) Upon a community legislative body passing an ordinance adopting an amendment
             3425      to a community development project area plan, the agency whose project area plan was
             3426      amended shall comply with the requirements of Sections 17C-4-106 and 17C-4-107 to the
             3427      same extent as if the amendment were a project area plan.
             3428          Section 110. Section 17C-4-201 is enacted to read:
             3429     
Part 2. Funds for Community Development Project from Other Entities

             3430          17C-4-201. Consent of a taxing entity or public agency to an agency receiving tax
             3431      increment or sales tax funds for community development project.
             3432          (1) An agency may negotiate with a taxing entity and public agency for the taxing
             3433      entity's or public agency's consent to the agency receiving the entity's or public agency's tax
             3434      increment or sales tax revenues, or both, for the purpose of providing funds to carry out a
             3435      proposed or adopted community development project area plan.


             3436          (2) The consent of a taxing entity or public agency under Subsection (1) may be
             3437      expressed in:
             3438          (a) a resolution adopted by the taxing entity or public agency; or
             3439          (b) an interlocal agreement, under Title 11, Chapter 13, Interlocal Cooperation Act,
             3440      between the taxing entity or public agency and the agency.
             3441          (3) A school district may consent to an agency receiving tax increment from the school
             3442      district's basic levy only to the extent that the school district also consents to the agency
             3443      receiving tax increment from the school district's local levy.
             3444          (4) (a) A resolution or interlocal agreement under this section may be amended from
             3445      time to time.
             3446          (b) Each amendment of a resolution or interlocal agreement shall be subject to and
             3447      receive the benefits of the provisions of this part to the same extent as if the amendment were
             3448      an original resolution or interlocal agreement.
             3449          (5) A taxing entity's or public agency's consent to an agency receiving funds under this
             3450      section is not subject to the requirements of Section 10-8-2 .
             3451          Section 111. Section 17C-4-202 is enacted to read:
             3452          17C-4-202. Resolution or interlocal agreement to provide funds for the
             3453      community development project area plan -- Notice -- Effective date of resolution or
             3454      interlocal agreement -- Time to contest resolution or interlocal agreement -- Availability
             3455      of resolution or interlocal agreement.
             3456          (1) The approval and adoption of each resolution or interlocal agreement under
             3457      Subsection 17C-4-201 (2) shall be in an open and public meeting.
             3458          (2) (a) Upon the adoption of a resolution or interlocal agreement under Section
             3459      17C-4-201 , the agency shall provide notice as provided in Subsection (2)(b) by:
             3460          (i) publishing or causing to be published a notice in a newspaper of general circulation
             3461      within the agency's boundaries; or
             3462          (ii) if there is no newspaper of general circulation within the agency's boundaries,
             3463      causing a notice to be posted in at least three public places within the agency's boundaries.
             3464          (b) Each notice under Subsection (2)(a) shall:
             3465          (i) set forth a summary of the resolution or interlocal agreement; and
             3466          (ii) include a statement that the resolution or interlocal agreement is available for


             3467      general public inspection and the hours of inspection.
             3468          (3) The resolution or interlocal agreement shall become effective on the date of:
             3469          (a) if notice was published under Subsection (2)(a), publication of the notice; or
             3470          (b) if notice was posted under Subsection (2)(a), posting of the notice.
             3471          (4) (a) For a period of 30 days after the effective date of the resolution or interlocal
             3472      agreement under Subsection (3), any person in interest may contest the resolution or interlocal
             3473      agreement or the procedure used to adopt the resolution or interlocal agreement if the
             3474      resolution or interlocal agreement or procedure fails to comply with applicable statutory
             3475      requirements.
             3476          (b) After the 30-day period under Subsection (4)(a) expires, no person may contest the
             3477      interlocal agreement for any cause.
             3478          (5) Each agency that is to receive funds under a resolution or interlocal agreement
             3479      under Section 17C-4-201 and each taxing entity or public agency that approves a resolution or
             3480      enters into an interlocal agreement under Section 17C-4-201 shall make the resolution or
             3481      interlocal agreement, as the case may be, available at its offices to the general public for
             3482      inspection and copying during normal business hours.
             3483          Section 112. Section 17C-4-203 is enacted to read:
             3484          17C-4-203. Requirement to file a copy of the resolution or interlocal agreement --
             3485      County payment of tax increment to the agency.
             3486          (1) Each agency that is to receive funds under a resolution or interlocal agreement
             3487      under Section 17C-4-201 shall, within 30 days after the effective date of the resolution or
             3488      interlocal agreement, file a copy of it with:
             3489          (a) the State Tax Commission, the State Board of Education, and the state auditor; and
             3490          (b) the auditor of the county in which the project area is located, if the resolution or
             3491      interlocal agreement provides for the agency to receive tax increment from the taxing entity or
             3492      public agency that adopted the resolution or entered into the interlocal agreement.
             3493          (2) Each county that collects property tax on property within a community
             3494      development project area shall, in the manner and at the time provided in Section 59-2-1365 ,
             3495      pay and distribute to the agency the tax increment that the agency is entitled to receive under a
             3496      resolution approved or an interlocal agreement adopted under Section 17C-4-201 .
             3497          Section 113. Section 17C-4-204 is enacted to read:


             3498          17C-4-204. Adoption of a budget for a community development project area plan
             3499      -- Amendment.
             3500          (1) An agency may prepare and, by resolution adopted at a regular or special meeting
             3501      of the agency board, adopt a budget setting forth:
             3502          (a) the anticipated costs, including administrative costs, of implementing the
             3503      community development project area plan; and
             3504          (b) the tax increment, sales tax, and other revenue the agency anticipates receiving to
             3505      fund the project.
             3506          (2) An agency may, by resolution adopted at a regular or special meeting of the agency
             3507      board, amend a budget adopted under Subsection (1).
             3508          (3) Each resolution to adopt or amend a budget under this section shall appear as an
             3509      item on the agenda for the regular or special agency board meeting at which the resolution is
             3510      adopted. No other notice is required.
             3511          Section 114. Section 17C-4-301 is enacted to read:
             3512     
Part 3. Community Development Hearings

             3513          17C-4-301. Continuing a plan hearing.
             3514          Subject to Section 17C-4-302 , a board may continue a plan hearing from time to time.
             3515          Section 115. Section 17C-4-302 is enacted to read:
             3516          17C-4-302. Notice required for continued hearing.
             3517          The board shall give notice of a hearing continued under Section 17C-4-301 by
             3518      announcing at the hearing:
             3519          (1) the date, time, and place the hearing will be resumed; or
             3520          (2) that it is being continued to a later time and causing a notice of the continued
             3521      hearing to be:
             3522          (a) published once in a newspaper of general circulation within the agency boundaries
             3523      at least seven days before the hearing is scheduled to resume; or
             3524          (b) if there is no newspaper of general circulation, posted in at least three conspicuous
             3525      places within the boundaries of the agency in which the project area or proposed project area is
             3526      located.
             3527          Section 116. Section 17C-4-401 is enacted to read:
             3528     
Part 4. Community Development Notice Requirements


             3529          17C-4-401. Agency required to provide notice of plan hearing.
             3530          Each agency shall provide notice of each plan hearing as provided in Section
             3531      17C-4-402 .
             3532          Section 117. Section 17C-4-402 is enacted to read:
             3533          17C-4-402. Requirements for notice provided by agency.
             3534          (1) The notice required by Section 17C-4-401 shall be given by:
             3535          (a) (i) publishing one notice, excluding the map referred to in Subsection (2)(b), in a
             3536      newspaper of general circulation within the county in which the project area or proposed
             3537      project area is located, at least 14 days before the hearing; or
             3538          (ii) if there is no newspaper of general circulation, posting notice, at least 14 days
             3539      before the hearing, in at least three conspicuous places within the county in which the project
             3540      area or proposed project area is located; and
             3541          (b) at least 30 days before the hearing, mailing notice to:
             3542          (i) each record owner of property located within the project area or proposed project
             3543      area;
             3544          (ii) the State Tax Commission;
             3545          (iii) the assessor and auditor of the county in which the project area or proposed project
             3546      area is located; and
             3547          (iv) the State Board of Education and the legislative body or governing board of each
             3548      taxing entity.
             3549          (2) The mailing of the notice to record property owners required under Subsection
             3550      (1)(b)(i) shall be conclusively considered to have been properly completed if:
             3551          (a) the agency mails the notice to the property owners as shown in the records,
             3552      including an electronic database, of the county recorder's office and at the addresses shown in
             3553      those records; and
             3554          (b) the county recorder's office records used by the agency in identifying owners to
             3555      whom the notice is mailed and their addresses were obtained or accessed from the county
             3556      recorder's office no earlier than 30 days before the mailing.
             3557          (3) The agency shall include in each notice required under Section 17C-4-401 :
             3558          (a) (i) a specific description of the boundaries of the project area or proposed project
             3559      area; or


             3560          (ii) (A) a mailing address or telephone number where a person may request that a copy
             3561      of the description be sent at no cost to the person by mail or facsimile transmission; and
             3562          (B) if the agency has an Internet website, an Internet address where a person may gain
             3563      access to an electronic, printable copy of the description;
             3564          (b) a map of the boundaries of the project area or proposed project area;
             3565          (c) an explanation of the purpose of the hearing;
             3566          (d) a statement of the date, time, and location of the hearing;
             3567          (e) an invitation to the recipient of the notice to submit to the agency comments
             3568      concerning the subject matter of the hearing before the date of the hearing;
             3569          (f) a statement that any person objecting to the draft project area plan or contesting the
             3570      regularity of any of the proceedings to adopt it may appear before the agency board at the
             3571      hearing to show cause why the draft project area plan should not be adopted; and
             3572          (g) a statement that the proposed project area plan is available for inspection at the
             3573      agency offices.
             3574          (4) An agency may include in a notice under Subsection (1) any other information the
             3575      agency considers necessary or advisable, including the public purpose served by the project and
             3576      any future tax benefits expected to result from the project.
             3577          Section 118. Section 59-2-906.1 is amended to read:
             3578           59-2-906.1. Property Tax Valuation Agency Fund -- Creation -- Statewide levy --
             3579      Additional county levy permitted.
             3580          (1) (a) There is created the Property Tax Valuation Agency Fund, to be funded by a
             3581      multicounty assessing and collecting levy not to exceed .0002 as provided in Subsection (2).
             3582          (b) The multicounty assessing and collecting levy under Subsection (1)(a) shall be
             3583      imposed annually by each county in the state.
             3584          (c) The purpose of the multicounty assessing and collecting levy created under
             3585      Subsection (1)(a) and the disbursement formulas established in Section 59-2-906.2 is to
             3586      promote the:
             3587          (i) accurate valuation of property;
             3588          (ii) establishment and maintenance of uniform assessment levels within and among
             3589      counties; and
             3590          (iii) efficient administration of the property tax system, including the costs of


             3591      assessment, collection, and distribution of property taxes.
             3592          (d) Income derived from the investment of money in the fund created in this
             3593      Subsection (1) shall be deposited in and become part of the fund.
             3594          (2) (a) Subject to Subsection (2)(b), in order to fund the Property Tax Valuation
             3595      Agency Fund, the Legislature shall authorize the amount of the multicounty assessing and
             3596      collecting levy.
             3597          (b) The multicounty assessing and collecting levy may not exceed the certified revenue
             3598      levy as defined in Section 59-2-102 , unless:
             3599          (i) the Legislature authorizes a multicounty assessing and collecting levy that exceeds
             3600      the certified revenue levy; and
             3601          (ii) the state complies with the notice requirements of Section 59-2-926 .
             3602          (3) (a) The multicounty assessing and collecting levy authorized by the Legislature
             3603      under Subsection (2) shall be separately stated on the tax notice as a multicounty assessing and
             3604      collecting levy.
             3605          (b) The multicounty assessing and collecting levy authorized by the Legislature under
             3606      Subsection (2) is:
             3607          (i) exempt from the [redevelopment] provisions of Sections [ 17B-4-1003 and
             3608      17B-4-1004 ] 17C-1-403 and 17C-1-404 ;
             3609          (ii) in addition to and exempt from the maximum levies allowable under Section
             3610      59-2-908 ; and
             3611          (iii) exempt from the notice requirements of Sections 59-2-918 and 59-2-919 .
             3612          (c) (i) Each county shall transmit quarterly to the state treasurer the portion of the .0002
             3613      multicounty assessing and collecting levy which is above the amount to which that county is
             3614      entitled to under Section 59-2-906.2 .
             3615          (ii) The revenue transmitted under Subsection (3)(c)(i) shall be transmitted no later
             3616      than the tenth day of the month following the end of the quarter in which the revenue is
             3617      collected.
             3618          (iii) If revenue transmitted under Subsection (3)(c)(i) is transmitted after the tenth day
             3619      of the month following the end of the quarter in which the revenue is collected, the county shall
             3620      pay an interest penalty at the rate of 10% each year until the revenue is transmitted.
             3621          (d) The state treasurer shall deposit in the Property Tax Valuation Agency Fund the:


             3622          (i) revenue from the multicounty assessing and collecting levy;
             3623          (ii) interest accrued from that levy; and
             3624          (iii) penalties received under Subsection (3)(c)(iii).
             3625          (4) (a) A county may not receive funds from the Property Tax Valuation Agency Fund
             3626      unless the county levies an additional property tax of at least .0003 per dollar of taxable value
             3627      of taxable property as reported by each county.
             3628          (b) The levy described in Subsection (4)(a) shall be stated on the tax notice as a county
             3629      assessing and collecting levy.
             3630          (c) The purpose of the levy established in this Subsection (4) is to promote the:
             3631          (i) accurate valuation of property;
             3632          (ii) establishment and maintenance of uniform assessment levels within and among
             3633      counties; and
             3634          (iii) efficient administration of the property tax system, including the costs of
             3635      assessment, collection, and distribution of property taxes.
             3636          (d) A levy established in Subsection (4)(a) is:
             3637          (i) exempt from the [redevelopment] provisions of Sections [ 17B-4-1003 and
             3638      17B-4-1004 ] 17C-1-403 and 17C-1-404 ;
             3639          (ii) in addition to and exempt from the maximum levies allowable under Section
             3640      59-2-908 ;
             3641          (iii) for the calendar year beginning on January 1, 2005, and ending on December 31,
             3642      2005, exempt from the notice and hearing requirements of Sections 59-2-918 and 59-2-919 ;
             3643      and
             3644          (iv) beginning on January 1, 2006, subject to the notice and hearing requirements of
             3645      Sections 59-2-918 and 59-2-919 .
             3646          Section 119. Section 59-2-924 is amended to read:
             3647           59-2-924. Report of valuation of property to county auditor and commission --
             3648      Transmittal by auditor to governing bodies -- Certified tax rate -- Rulemaking authority
             3649      -- Adoption of tentative budget.
             3650          (1) (a) Before June 1 of each year, the county assessor of each county shall deliver to
             3651      the county auditor and the commission the following statements:
             3652          (i) a statement containing the aggregate valuation of all taxable property in each taxing


             3653      entity; and
             3654          (ii) a statement containing the taxable value of any additional personal property
             3655      estimated by the county assessor to be subject to taxation in the current year.
             3656          (b) The county auditor shall, on or before June 8, transmit to the governing body of
             3657      each taxing entity:
             3658          (i) the statements described in Subsections (1)(a)(i) and (ii);
             3659          (ii) an estimate of the revenue from personal property;
             3660          (iii) the certified tax rate; and
             3661          (iv) all forms necessary to submit a tax levy request.
             3662          (2) (a) (i) The "certified tax rate" means a tax rate that will provide the same ad
             3663      valorem property tax revenues for a taxing entity as were budgeted by that taxing entity for the
             3664      prior year.
             3665          (ii) For purposes of this Subsection (2), "ad valorem property tax revenues" do not
             3666      include:
             3667          (A) collections from redemptions;
             3668          (B) interest; and
             3669          (C) penalties.
             3670          (iii) Except as provided in Subsection (2)(a)(v), the certified tax rate shall be calculated
             3671      by dividing the ad valorem property tax revenues budgeted for the prior year by the taxing
             3672      entity by the taxable value established in accordance with Section 59-2-913 .
             3673          (iv) (A) In accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking
             3674      Act, the commission shall make rules determining the calculation of ad valorem property tax
             3675      revenues budgeted by a taxing entity.
             3676          (B) For purposes of Subsection (2)(a)(iv)(A), ad valorem property tax revenues
             3677      budgeted by a taxing entity shall be calculated in the same manner as budgeted property tax
             3678      revenues are calculated for purposes of Section 59-2-913 .
             3679          (v) The certified tax rates for the taxing entities described in this Subsection (2)(a)(v)
             3680      shall be calculated as follows:
             3681          (A) except as provided in Subsection (2)(a)(v)(B), for new taxing entities the certified
             3682      tax rate is zero;
             3683          (B) for each municipality incorporated on or after July 1, 1996, the certified tax rate is:


             3684          (I) in a county of the first, second, or third class, the levy imposed for municipal-type
             3685      services under Sections 17-34-1 and 17-36-9 ; and
             3686          (II) in a county of the fourth, fifth, or sixth class, the levy imposed for general county
             3687      purposes and such other levies imposed solely for the municipal-type services identified in
             3688      Section 17-34-1 and Subsection 17-36-3 (22);
             3689          (C) for debt service voted on by the public, the certified tax rate shall be the actual levy
             3690      imposed by that section, except that the certified tax rates for the following levies shall be
             3691      calculated in accordance with Section 59-2-913 and this section:
             3692          (I) school leeways provided for under Sections 11-2-7 , 53A-16-110 , 53A-17a-125 ,
             3693      53A-17a-127 , 53A-17a-134 , 53A-17a-143 , 53A-17a-145 , and 53A-21-103 ; and
             3694          (II) levies to pay for the costs of state legislative mandates or judicial or administrative
             3695      orders under Section 59-2-906.3 .
             3696          (vi) (A) A judgment levy imposed under Section 59-2-1328 or Section 59-2-1330 shall
             3697      be established at that rate which is sufficient to generate only the revenue required to satisfy
             3698      one or more eligible judgments, as defined in Section 59-2-102 .
             3699          (B) The ad valorem property tax revenue generated by the judgment levy shall not be
             3700      considered in establishing the taxing entity's aggregate certified tax rate.
             3701          (b) (i) For the purpose of calculating the certified tax rate, the county auditor shall use
             3702      the taxable value of property on the assessment roll.
             3703          (ii) For purposes of Subsection (2)(b)(i), the taxable value of property on the
             3704      assessment roll does not include new growth as defined in Subsection (2)(b)(iii).
             3705          (iii) "New growth" means:
             3706          (A) the difference between the increase in taxable value of the taxing entity from the
             3707      previous calendar year to the current year; minus
             3708          (B) the amount of an increase in taxable value described in Subsection (2)(b)(iv).
             3709          (iv) Subsection (2)(b)(iii)(B) applies to the following increases in taxable value:
             3710          (A) the amount of increase to locally assessed real property taxable values resulting
             3711      from factoring, reappraisal, or any other adjustments; or
             3712          (B) the amount of an increase in the taxable value of property assessed by the
             3713      commission under Section 59-2-201 resulting from a change in the method of apportioning the
             3714      taxable value prescribed by:


             3715          (I) the Legislature;
             3716          (II) a court;
             3717          (III) the commission in an administrative rule; or
             3718          (IV) the commission in an administrative order.
             3719          (c) Beginning January 1, 1997, if a taxing entity receives increased revenues from
             3720      uniform fees on tangible personal property under Section 59-2-404 , 59-2-405 , 59-2-405.1 ,
             3721      59-2-405.2 , or 59-2-405.3 as a result of any county imposing a sales and use tax under Chapter
             3722      12, Part 11, County Option Sales and Use Tax, the taxing entity shall decrease its certified tax
             3723      rate to offset the increased revenues.
             3724          (d) (i) Beginning July 1, 1997, if a county has imposed a sales and use tax under
             3725      Chapter 12, Part 11, County Option Sales and Use Tax, the county's certified tax rate shall be:
             3726          (A) decreased on a one-time basis by the amount of the estimated sales and use tax
             3727      revenue to be distributed to the county under Subsection 59-12-1102 (3); and
             3728          (B) increased by the amount necessary to offset the county's reduction in revenue from
             3729      uniform fees on tangible personal property under Section 59-2-404 , 59-2-405 , 59-2-405.1 ,
             3730      59-2-405.2 , or 59-2-405.3 as a result of the decrease in the certified tax rate under Subsection
             3731      (2)(d)(i)(A).
             3732          (ii) The commission shall determine estimates of sales and use tax distributions for
             3733      purposes of Subsection (2)(d)(i).
             3734          (e) Beginning January 1, 1998, if a municipality has imposed an additional resort
             3735      communities sales tax under Section 59-12-402 , the municipality's certified tax rate shall be
             3736      decreased on a one-time basis by the amount necessary to offset the first 12 months of
             3737      estimated revenue from the additional resort communities sales and use tax imposed under
             3738      Section 59-12-402 .
             3739          (f) For the calendar year beginning on January 1, 1999, and ending on December 31,
             3740      1999, a taxing entity's certified tax rate shall be adjusted by the amount necessary to offset the
             3741      adjustment in revenues from uniform fees on tangible personal property under Section
             3742      59-2-405.1 as a result of the adjustment in uniform fees on tangible personal property under
             3743      Section 59-2-405.1 enacted by the Legislature during the 1998 Annual General Session .
             3744          (g) For purposes of Subsections (2)(h) through (j):
             3745          (i) "1998 actual collections" means the amount of revenues a taxing entity actually


             3746      collected for the calendar year beginning on January 1, 1998, under Section 59-2-405 for:
             3747          (A) motor vehicles required to be registered with the state that weigh 12,000 pounds or
             3748      less; and
             3749          (B) state-assessed commercial vehicles required to be registered with the state that
             3750      weigh 12,000 pounds or less.
             3751          (ii) "1999 actual collections" means the amount of revenues a taxing entity actually
             3752      collected for the calendar year beginning on January 1, 1999, under Section 59-2-405.1 .
             3753          (h) For the calendar year beginning on January 1, 2000, the commission shall make the
             3754      following adjustments:
             3755          (i) the commission shall make the adjustment described in Subsection (2)(i)(i) if, for
             3756      the calendar year beginning on January 1, 1999, a taxing entity's 1998 actual collections were
             3757      greater than the sum of:
             3758          (A) the taxing entity's 1999 actual collections; and
             3759          (B) any adjustments the commission made under Subsection (2)(f);
             3760          (ii) the commission shall make the adjustment described in Subsection (2)(i)(ii) if, for
             3761      the calendar year beginning on January 1, 1999, a taxing entity's 1998 actual collections were
             3762      greater than the taxing entity's 1999 actual collections, but the taxing entity's 1998 actual
             3763      collections were less than the sum of:
             3764          (A) the taxing entity's 1999 actual collections; and
             3765          (B) any adjustments the commission made under Subsection (2)(f); and
             3766          (iii) the commission shall make the adjustment described in Subsection (2)(i)(iii) if, for
             3767      the calendar year beginning on January 1, 1999, a taxing entity's 1998 actual collections were
             3768      less than the taxing entity's 1999 actual collections.
             3769          (i) (i) For purposes of Subsection (2)(h)(i), the commission shall increase a taxing
             3770      entity's certified tax rate under this section and a taxing entity's certified revenue levy under
             3771      Section 59-2-906.1 by the amount necessary to offset the difference between:
             3772          (A) the taxing entity's 1998 actual collections; and
             3773          (B) the sum of:
             3774          (I) the taxing entity's 1999 actual collections; and
             3775          (II) any adjustments the commission made under Subsection (2)(f).
             3776          (ii) For purposes of Subsection (2)(h)(ii), the commission shall decrease a taxing


             3777      entity's certified tax rate under this section and a taxing entity's certified revenue levy under
             3778      Section 59-2-906.1 by the amount necessary to offset the difference between:
             3779          (A) the sum of:
             3780          (I) the taxing entity's 1999 actual collections; and
             3781          (II) any adjustments the commission made under Subsection (2)(f); and
             3782          (B) the taxing entity's 1998 actual collections.
             3783          (iii) For purposes of Subsection (2)(h)(iii), the commission shall decrease a taxing
             3784      entity's certified tax rate under this section and a taxing entity's certified revenue levy under
             3785      Section 59-2-906.1 by the amount of any adjustments the commission made under Subsection
             3786      (2)(f).
             3787          (j) In accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking Act, for
             3788      purposes of Subsections (2)(f) through (i), the commission may make rules establishing the
             3789      method for determining a taxing entity's 1998 actual collections and 1999 actual collections.
             3790          (k) (i) (A) For fiscal year 2000, the certified tax rate of each county required under
             3791      Subsection 17-34-1 (4)(a) to provide advanced life support and paramedic services to the
             3792      unincorporated area of the county shall be decreased by the amount necessary to reduce
             3793      revenues in that fiscal year by an amount equal to the difference between the amount the county
             3794      budgeted in its 2000 fiscal year budget for advanced life support and paramedic services
             3795      countywide and the amount the county spent during fiscal year 2000 for those services,
             3796      excluding amounts spent from a municipal services fund for those services.
             3797          (B) For fiscal year 2001, the certified tax rate of each county to which Subsection
             3798      (2)(k)(i)(A) applies shall be decreased by the amount necessary to reduce revenues in that fiscal
             3799      year by the amount that the county spent during fiscal year 2000 for advanced life support and
             3800      paramedic services countywide, excluding amounts spent from a municipal services fund for
             3801      those services.
             3802          (ii) (A) A city or town located within a county of the first class to which Subsection
             3803      (2)(k)(i) applies may increase its certified tax rate by the amount necessary to generate within
             3804      the city or town the same amount of revenues as the county would collect from that city or
             3805      town if the decrease under Subsection (2)(k)(i) did not occur.
             3806          (B) An increase under Subsection (2)(k)(ii)(A), whether occurring in a single fiscal
             3807      year or spread over multiple fiscal years, is not subject to the notice and hearing requirements


             3808      of Sections 59-2-918 and 59-2-919 .
             3809          (l) (i) The certified tax rate of each county required under Subsection 17-34-1 (4)(b) to
             3810      provide detective investigative services to the unincorporated area of the county shall be
             3811      decreased:
             3812          (A) in fiscal year 2001 by the amount necessary to reduce revenues in that fiscal year
             3813      by at least $4,400,000; and
             3814          (B) in fiscal year 2002 by the amount necessary to reduce revenues in that fiscal year
             3815      by an amount equal to the difference between $9,258,412 and the amount of the reduction in
             3816      revenues under Subsection (2)(l)(i)(A).
             3817          (ii) (A) (I) Beginning with municipal fiscal year 2002, a city or town located within a
             3818      county to which Subsection (2)(l)(i) applies may increase its certified tax rate to generate
             3819      within the city or town the same amount of revenue as the county would have collected during
             3820      county fiscal year 2001 from within the city or town except for Subsection (2)(l)(i)(A).
             3821          (II) Beginning with municipal fiscal year 2003, a city or town located within a county
             3822      to which Subsection (2)(l)(i) applies may increase its certified tax rate to generate within the
             3823      city or town the same amount of revenue as the county would have collected during county
             3824      fiscal year 2002 from within the city or town except for Subsection (2)(l)(i)(B).
             3825          (B) (I) Except as provided in Subsection (2)(l)(ii)(B)(II), an increase in the city or
             3826      town's certified tax rate under Subsection (2)(l)(ii)(A), whether occurring in a single fiscal year
             3827      or spread over multiple fiscal years, is subject to the notice and hearing requirements of
             3828      Sections 59-2-918 and 59-2-919 .
             3829          (II) For an increase under this Subsection (2)(l)(ii) that generates revenue that does not
             3830      exceed the same amount of revenue as the county would have collected except for Subsection
             3831      (2)(l)(i), the requirements of Sections 59-2-918 and 59-2-919 do not apply if the city or town:
             3832          (Aa) publishes a notice that meets the size, type, placement, and frequency
             3833      requirements of Section 59-2-919 , reflects that the increase is a shift of a tax from one imposed
             3834      by the county to one imposed by the city or town, and explains how the revenues from the tax
             3835      increase will be used; and
             3836          (Bb) holds a public hearing on the tax shift that may be held in conjunction with the
             3837      city or town's regular budget hearing.
             3838          (m) (i) This Subsection (2)(m) applies to each county that:


             3839          (A) establishes a countywide special service district under Title 17A, Chapter 2, Part
             3840      13, Utah Special Service District Act, to provide jail service, as provided in Subsection
             3841      17A-2-1304 (1)(a)(x); and
             3842          (B) levies a property tax on behalf of the special service district under Section
             3843      17A-2-1322 .
             3844          (ii) (A) The certified tax rate of each county to which this Subsection (2)(m) applies
             3845      shall be decreased by the amount necessary to reduce county revenues by the same amount of
             3846      revenues that will be generated by the property tax imposed on behalf of the special service
             3847      district.
             3848          (B) Each decrease under Subsection (2)(m)(ii)(A) shall occur contemporaneously with
             3849      the levy on behalf of the special service district under Section 17A-2-1322 .
             3850          (n) (i) As used in this Subsection (2)(n):
             3851          (A) "Annexing county" means a county whose unincorporated area is included within a
             3852      fire district by annexation.
             3853          (B) "Annexing municipality" means a municipality whose area is included within a fire
             3854      district by annexation.
             3855          (C) "Equalized fire protection tax rate" means the tax rate that results from:
             3856          (I) calculating, for each participating county and each participating municipality, the
             3857      property tax revenue necessary to cover all of the costs associated with providing fire
             3858      protection, paramedic, and emergency services:
             3859          (Aa) for a participating county, in the unincorporated area of the county; and
             3860          (Bb) for a participating municipality, in the municipality; and
             3861          (II) adding all the amounts calculated under Subsection (2)(n)(i)(C)(I) for all
             3862      participating counties and all participating municipalities and then dividing that sum by the
             3863      aggregate taxable value of the property, as adjusted in accordance with Section 59-2-913 :
             3864          (Aa) for participating counties, in the unincorporated area of all participating counties;
             3865      and
             3866          (Bb) for participating municipalities, in all the participating municipalities.
             3867          (D) "Fire district" means a county service area under Title 17A, Chapter 2, Part 4,
             3868      County Service Area Act, in the creation of which an election was not required under
             3869      Subsection 17B-2-214 (3)(c).


             3870          (E) "Fire protection tax rate" means:
             3871          (I) for an annexing county, the property tax rate that, when applied to taxable property
             3872      in the unincorporated area of the county, generates enough property tax revenue to cover all the
             3873      costs associated with providing fire protection, paramedic, and emergency services in the
             3874      unincorporated area of the county; and
             3875          (II) for an annexing municipality, the property tax rate that generates enough property
             3876      tax revenue in the municipality to cover all the costs associated with providing fire protection,
             3877      paramedic, and emergency services in the municipality.
             3878          (F) "Participating county" means a county whose unincorporated area is included
             3879      within a fire district at the time of the creation of the fire district.
             3880          (G) "Participating municipality" means a municipality whose area is included within a
             3881      fire district at the time of the creation of the fire district.
             3882          (ii) In the first year following creation of a fire district, the certified tax rate of each
             3883      participating county and each participating municipality shall be decreased by the amount of
             3884      the equalized fire protection tax rate.
             3885          (iii) In the first year following annexation to a fire district, the certified tax rate of each
             3886      annexing county and each annexing municipality shall be decreased by the fire protection tax
             3887      rate.
             3888          (iv) Each tax levied under this section by a fire district shall be considered to be levied
             3889      by:
             3890          (A) each participating county and each annexing county for purposes of the county's
             3891      tax limitation under Section 59-2-908 ; and
             3892          (B) each participating municipality and each annexing municipality for purposes of the
             3893      municipality's tax limitation under Section 10-5-112 , for a town, or Section 10-6-133 , for a
             3894      city.
             3895          (3) (a) On or before June 22, each taxing entity shall annually adopt a tentative budget.
             3896          (b) If the taxing entity intends to exceed the certified tax rate, it shall notify the county
             3897      auditor of:
             3898          (i) its intent to exceed the certified tax rate; and
             3899          (ii) the amount by which it proposes to exceed the certified tax rate.
             3900          (c) The county auditor shall notify all property owners of any intent to exceed the


             3901      certified tax rate in accordance with Subsection 59-2-919 (2).
             3902          (4) (a) The taxable value for the base year under Subsection [ 17B-4-102 (4)]
             3903      17C-1-102 (6) shall be reduced for any year to the extent necessary to provide a
             3904      [redevelopment] community development and renewal agency established under [Title 17B,
             3905      Chapter 4, Redevelopment Agencies Act] Title 17C, Limited Purpose Local Government
             3906      Entities - Community Development and Renewal Agencies, with approximately the same
             3907      amount of money the agency would have received without a reduction in the county's certified
             3908      tax rate if:
             3909          (i) in that year there is a decrease in the certified tax rate under Subsection (2)(c) or
             3910      (2)(d)(i);
             3911          (ii) the amount of the decrease is more than 20% of the county's certified tax rate of the
             3912      previous year; and
             3913          (iii) the decrease results in a reduction of the amount to be paid to the agency under
             3914      Section [ 17B-4-1003 or 17B-4-1004 ] 17C-1-403 or 17C-1-404 .
             3915          (b) The base taxable value under Subsection [ 17B-4-102 (4)] 17C-1-102 (6) shall be
             3916      increased in any year to the extent necessary to provide a [redevelopment] community
             3917      development and renewal agency with approximately the same amount of money as the agency
             3918      would have received without an increase in the certified tax rate that year if:
             3919          (i) in that year the base taxable value under Subsection [ 17B-4-102 (4)] 17C-1-102 (6) is
             3920      reduced due to a decrease in the certified tax rate under Subsection (2)(c) or (2)(d)(i); and
             3921          (ii) The certified tax rate of a city, school district, or special district increases
             3922      independent of the adjustment to the taxable value of the base year.
             3923          (c) Notwithstanding a decrease in the certified tax rate under Subsection (2)(c) or
             3924      (2)(d)(i), the amount of money allocated and, when collected, paid each year to a
             3925      [redevelopment] community development and renewal agency established under [Title 17B,
             3926      Chapter 4, Redevelopment Agencies Act] Title 17C, Limited Purpose Local Government
             3927      Entities - Community Development and Renewal Agencies, for the payment of bonds or other
             3928      contract indebtedness, but not for administrative costs, may not be less than that amount would
             3929      have been without a decrease in the certified tax rate under Subsection (2)(c) or (2)(d)(i).
             3930          Section 120. Section 63F-1-507 is amended to read:
             3931           63F-1-507. State Geographic Information Database.


             3932          (1) There is created a State Geographic Information Database to be managed by the
             3933      center.
             3934          (2) The database shall:
             3935          (a) serve as the central reference for all information contained in any GIS database by
             3936      any state agency;
             3937          (b) serve as a clearing house and repository for all data layers required by multiple
             3938      users;
             3939          (c) serve as a standard format for geographic information acquired, purchased, or
             3940      produced by any state agency; and
             3941          (d) include an accurate representation of all civil subdivision boundaries of the state.
             3942          (3) Each state agency that acquires, purchases, or produces digital geographic
             3943      information data shall:
             3944          (a) inform the center of the existence of the data layers and their geographic extent;
             3945          (b) allow the center access to all data classified public; and
             3946          (c) comply with any database requirements established by the center.
             3947          (4) At least annually, the State Tax Commission shall deliver to the center information
             3948      the State Tax Commission receives under Sections 10-1-116 , 11-13-204, 11-13-205 , 17-2-4 ,
             3949      17-2-9 , 17-3-3 , 17A-1-102 , 17B-2-215 , and [ 17B-4-201 ] 17C-1-201 relating to the creation or
             3950      modification of the boundaries of the political subdivisions that are the subject of those
             3951      sections.
             3952          Section 121. Section 67-1a-6.5 is amended to read:
             3953           67-1a-6.5. Lieutenant governor certification of governmental entity creation,
             3954      consolidation, division, dissolution, or boundary change.
             3955          (1) As used in this section:
             3956          (a) "AGRC" means the Automated Geographic Reference Center created under Section
             3957      63F-1-506 .
             3958          (b) "Boundary change" means the adjustment of an entity's boundary either through
             3959      gaining territory (annexation), losing territory (withdrawal), adjusting the common boundary
             3960      with an adjacent entity (may gain territory, lose territory, or a combination of both gaining and
             3961      losing territory), or any other adjustment of the entity's boundary.
             3962          (c) "Consolidation" means the combining of two or more entities into a single entity


             3963      such that the consolidated entity's boundary contains all of the territory of the original entities,
             3964      but no additional territory.
             3965          (d) "County attorney" means the county attorney of each county which contains any
             3966      part of the area affected by the entity creation, consolidation, division, dissolution, or boundary
             3967      change.
             3968          (e) (i) "County auditor" means the county auditor of each county which contains any
             3969      part of the area affected by the entity creation, consolidation, division, dissolution, or boundary
             3970      change.
             3971          (ii) If the county does not have a county auditor, "county auditor" means the county
             3972      clerk or other government official acting as the county auditor.
             3973          (f) "County recorder" means the county recorder of each county which contains any
             3974      part of the area affected by the entity creation, consolidation, division, dissolution, or boundary
             3975      change.
             3976          (g) "County surveyor" means the county surveyor of each county which contains any
             3977      part of the area affected by the entity creation, consolidation, division, dissolution, or boundary
             3978      change.
             3979          (h) "Creation" means the forming of a new entity where that entity did not exist before
             3980      its creation.
             3981          (i) "Dissolution" means the disbandment of an entity.
             3982          (j) "Division" means the dividing of one entity into two or more entities such that the
             3983      original entity's boundary contains all of the territory of the resultant entities, but no additional
             3984      territory.
             3985          (k) "Entity" means the entity that is created, consolidated, divided, dissolved, or whose
             3986      boundary is changed.
             3987          (l) "Initiating body" means the county legislative body, municipal legislative body,
             3988      special district board, local district board, court, public official, or other authorized person that
             3989      initiates the creation, dissolution, consolidation, or boundary change of an entity or entities.
             3990          (m) "Notice of entity boundary change" means the notice the lieutenant governor
             3991      receives under Subsection 10-1-116 (1), 10-2-419 (4), 10-2-425 (1), 10-2-507 (1), 17-2-9 (2),
             3992      17-2-13 (3), 17-50-104 (3), 17-50-105 (1)(b) or (2)(e), 17A-2-1327 (4), 17B-2-514 (2),
             3993      17B-2-516 (6), 17B-2-610 (1), or 53A-2-101.5 (1) of an entity's pending boundary change.


             3994          (n) "Notice of entity consolidation" means the notice the lieutenant governor receives
             3995      under Section 10-2-610 or Subsection 10-1-116 (1) or 17-2-4 (2) of entities' pending
             3996      consolidation.
             3997          (o) "Notice of entity creation" means the notice the lieutenant governor receives under
             3998      Subsection 10-1-116 (1), 10-2-119 (1), 10-2-125 (6), 11-13-204 (4), 11-13-205 (6),
             3999      17A-2-1311 (2), 17B-2-215 (1), [ 17B-4-201 ] 17C-1-201 (2), or 53A-2-101.5 (1) of an entity's
             4000      pending creation.
             4001          (p) "Notice of entity dissolution" means the notice the lieutenant governor receives
             4002      under Subsection 10-1-116 (1), 10-2-712 (2), 17A-2-1329 (3), 17B-2-708 (4), or [ 17B-4-1401 ]
             4003      17C-1-701 (2)(a) of an entity's pending dissolution.
             4004          (q) "Notice of entity division" means the notice the lieutenant governor receives under
             4005      Subsection 17-3-3 (3) of an entity's pending division.
             4006          (r) "Notice of intention to file articles of incorporation" means the notice the lieutenant
             4007      governor receives under Subsection 10-2-120 (1).
             4008          (s) "Lieutenant governor" means the lieutenant governor created in Article VII, Section
             4009      1 of the Utah Constitution.
             4010          (t) "State auditor" means the state auditor created in Article VII, Section 1 of the Utah
             4011      Constitution.
             4012          (u) "State Tax Commission" means the State Tax Commission created in Article XIII,
             4013      Section 6 of the Utah Constitution.
             4014          (2) Within ten days after receiving a notice of entity creation, the lieutenant governor
             4015      shall:
             4016          (a) issue a certificate of entity creation;
             4017          (b) (i) send a copy of the certificate issued under Subsection (2)(a) and a copy of the
             4018      notice of entity creation, including the accompanying map or legal description, to the State Tax
             4019      Commission, AGRC, county recorder, county surveyor, county auditor, and county attorney;
             4020      and
             4021          (ii) send a copy of the certificate issued under Subsection (2)(a) to the state auditor;
             4022      and
             4023          (c) send to the initiating body a copy of the certificate issued under Subsection (2)(a)
             4024      and a statement indicating completion of Subsection (2)(b).


             4025          (3) Within ten days after receiving a notice of intention to file articles of incorporation,
             4026      the lieutenant governor shall:
             4027          (a) issue a certificate indicating receipt of a notice of intention to file articles of
             4028      incorporation;
             4029          (b) (i) send a copy of the certificate issued under Subsection (3)(a) and a copy of the
             4030      notice of intention to file articles of incorporation, including the accompanying map or legal
             4031      description, to the State Tax Commission, AGRC, county recorder, county surveyor, county
             4032      auditor, and county attorney; and
             4033          (ii) send a copy of the certificate issued under Subsection (3)(a) to the state auditor;
             4034      and
             4035          (c) send to the initiating body a copy of the certificate issued under Subsection (3)(a)
             4036      and a statement indicating completion of Subsection (3)(b).
             4037          (4) Within ten days after receiving a notice of entity consolidation, the lieutenant
             4038      governor shall:
             4039          (a) issue a certificate of entity consolidation;
             4040          (b) (i) send a copy of the certificate issued under Subsection (4)(a) and a copy of the
             4041      notice of entity consolidation to the State Tax Commission, AGRC, county recorder, county
             4042      surveyor, county auditor, and county attorney; and
             4043          (ii) send a copy of the certificate issued under Subsection (4)(a) to the state auditor;
             4044      and
             4045          (c) send to the initiating body and the entities being consolidated, if different from the
             4046      initiating body, a copy of the certificate issued under Subsection (4)(a) and a statement
             4047      indicating completion of Subsection (4)(b).
             4048          (5) Within ten days after receiving a notice of entity division, the lieutenant governor
             4049      shall:
             4050          (a) issue a certificate of entity division;
             4051          (b) (i) send a copy of the certificate issued under Subsection (5)(a) and a copy of the
             4052      notice of entity consolidation, including the accompanying map or legal description, to the
             4053      State Tax Commission, AGRC, county recorder, county surveyor, county auditor, and county
             4054      attorney; and
             4055          (ii) send a copy of the certificate issued under Subsection (5)(a) to the state auditor;


             4056      and
             4057          (c) send to the initiating body a copy of the certificate issued under Subsection (5)(a)
             4058      and a statement indicating completion of Subsection (5)(b).
             4059          (6) Within ten days after receiving a notice of entity dissolution, the lieutenant
             4060      governor shall:
             4061          (a) issue a certificate of entity dissolution;
             4062          (b) (i) send a copy of the certificate issued under Subsection (6)(a) and a copy of the
             4063      notice of entity dissolution to the State Tax Commission, AGRC, county recorder, county
             4064      surveyor, county auditor, and county attorney; and
             4065          (ii) send a copy of the certificate issued under Subsection (6)(a) to the state auditor;
             4066      and
             4067          (c) send to the initiating body and the entity being dissolved, if different than the
             4068      initiating body, a copy of the certificate issued under Subsection (6)(a) and a statement
             4069      indicating completion of Subsection (6)(b).
             4070          (7) Within ten days after receiving a notice of entity boundary change, the lieutenant
             4071      governor shall:
             4072          (a) issue a certificate of entity boundary change;
             4073          (b) send a copy of the certificate issued under Subsection (7)(a) and a copy of the
             4074      notice of entity boundary change, including the accompanying map or legal description, to the
             4075      State Tax Commission, AGRC, county recorder, county surveyor, county auditor, and county
             4076      attorney; and
             4077          (c) send to the initiating body or bodies, and each entity whose boundary is changed, if
             4078      different than the initiating body, a copy of the certificate issued under Subsection (7)(a) and a
             4079      statement indicating completion of Subsection (7)(b).
             4080          (8) (a) The lieutenant governor shall keep, index, maintain, and make available to the
             4081      public certificates, notices, maps, and other documents necessary in performing the duties of
             4082      Subsections (2) through (7).
             4083          (b) The lieutenant governor shall furnish a certified copy of documents to any person
             4084      who requests a certified copy.
             4085          (c) The lieutenant governor may charge a reasonable fee for copies of documents or
             4086      certified copies of documents.


             4087          Section 122. Repealer.
             4088          This bill repeals:
             4089          Section 17B-4-404, Limit on size of project area in certain project area plans.
             4090          Section 17B-4-601, Additional procedure for adopting a redevelopment project
             4091      area plan.
             4092          Section 17B-4-901, Property owner and tenant opportunities to participate in
             4093      redevelopment project -- Preferential opportunities.
             4094          Section 17B-4-902, Statement of rights of owners of property in redevelopment
             4095      project area.
             4096          Section 17B-4-1101, Use of eminent domain prohibited.
             4097          Section 17B-4-1104, Limitation on acquisition of property with existing building.


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