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First Substitute S.B. 70

Senator Curtis S. Bramble proposes the following substitute bill:


             1     
COMMUNITY DEVELOPMENT AND RENEWAL AGENCIES

             2     
AMENDMENTS

             3     
2011 GENERAL SESSION

             4     
STATE OF UTAH

             5     
Chief Sponsor: Curtis S. Bramble

             6     
House Sponsor: Brad L. Dee

             7     
             8      LONG TITLE
             9      General Description:
             10          This bill amends provisions of the Community Development and Renewal Agencies
             11      Act.
             12      Highlighted Provisions:
             13          This bill:
             14          .    defines terms;
             15          .    amends taxing entity committee provisions;
             16          .    amends tax increment and sales tax use provisions;
             17          .    amends agency report provisions;
             18          .    amends urban renewal project area budget provisions;
             19          .    authorizes an agency to approve an urban renewal project area budget extension;
             20          .    amends provisions authorizing an agency board to make a finding of blight;
             21          .    amends economic development project area budget provisions;
             22          .    authorizes an agency to approve an economic development project area budget
             23      extension;
             24          .    amends community development project area budget provisions; and
             25          .    makes technical corrections.


             26      Money Appropriated in this Bill:
             27          None
             28      Other Special Clauses:
             29          None
             30      Utah Code Sections Affected:
             31      AMENDS:
             32          17C-1-102, as last amended by Laws of Utah 2010, Chapter 279
             33          17C-1-204, as last amended by Laws of Utah 2009, Chapter 387
             34          17C-1-401, as last amended by Laws of Utah 2010, Chapter 279
             35          17C-1-402, as last amended by Laws of Utah 2009, Chapter 387
             36          17C-1-409, as last amended by Laws of Utah 2010, Chapter 279
             37          17C-1-603, as renumbered and amended by Laws of Utah 2006, Chapter 359
             38          17C-2-206, as last amended by Laws of Utah 2010, Chapter 279
             39          17C-2-303, as last amended by Laws of Utah 2008, Chapter 125
             40          17C-3-205, as last amended by Laws of Utah 2010, Chapter 279
             41          17C-4-204, as enacted by Laws of Utah 2006, Chapter 359
             42      ENACTS:
             43          17C-2-207, Utah Code Annotated 1953
             44          17C-3-206, Utah Code Annotated 1953
             45     
             46      Be it enacted by the Legislature of the state of Utah:
             47          Section 1. Section 17C-1-102 is amended to read:
             48           17C-1-102. Definitions.
             49          As used in this title:
             50          (1) "Adjusted tax increment" means:
             51          (a) for tax increment under a pre-July 1, 1993, project area plan, tax increment under
             52      Section 17C-1-403 , excluding tax increment under Subsection 17C-1-403 (3); and
             53          (b) for tax increment under a post-June 30, 1993, project area plan, tax increment under
             54      Section 17C-1-404 , excluding tax increment under Section 17C-1-406 .
             55          (2) "Affordable housing" means housing to be owned or occupied by persons and
             56      families of low or moderate income, as determined by resolution of the agency.


             57          (3) "Agency" or "community development and renewal agency" means a separate body
             58      corporate and politic, created under Section 17C-1-201 or as a redevelopment agency under
             59      previous law, that is a political subdivision of the state, that is created to undertake or promote
             60      urban renewal, economic development, or community development, or any combination of
             61      them, as provided in this title, and whose geographic boundaries are coterminous with:
             62          (a) for an agency created by a county, the unincorporated area of the county; and
             63          (b) for an agency created by a city or town, the boundaries of the city or town.
             64          (4) "Annual income" has the meaning as defined under regulations of the U.S.
             65      Department of Housing and Urban Development, 24 C.F.R. Sec. 5.609, as amended or as
             66      superseded by replacement regulations.
             67          (5) "Assessment roll" has the meaning as defined in Section 59-2-102 .
             68          (6) "Base taxable value" means:
             69          (a) for an urban renewal or economic development project area, the taxable value of
             70      the property within a project area from which tax increment will be collected, as shown upon
             71      the assessment roll last equalized before:
             72          (i) for a pre-July 1, 1993, project area plan, the effective date of the project area plan;
             73          (ii) for a post-June 30, 1993, project area plan:
             74          (A) the date of the taxing entity committee's approval of the first project area budget;
             75      or
             76          (B) if no taxing entity committee approval is required for the project area budget, the
             77      later of:
             78          (I) the date the project area plan is adopted by the community legislative body; and
             79          (II) the date the agency adopts the first project area budget;
             80          (iii) for a project on an inactive industrial site, a year after the date on which the
             81      inactive industrial site is sold for remediation and development; or
             82          (iv) for a project on an inactive airport site, a year after the later of:
             83          (A) the date on which the inactive airport site is sold for remediation and development;
             84      and
             85          (B) the date on which the airport that had been operated on the inactive airport site
             86      ceased operations; and
             87          (b) for a community development project area, the agreed value specified in a


             88      resolution or interlocal agreement under Subsection 17C-4-201 (2).
             89          (7) "Basic levy" means the portion of a school district's tax levy constituting the
             90      minimum basic levy under Section 59-2-902 .
             91          (8) "Blight" or "blighted" means the condition of an area that meets the requirements of
             92      Subsection 17C-2-303 (1).
             93          (9) "Blight hearing" means a public hearing under Subsection 17C-2-102 (1)(a)(i)(C)
             94      and Section 17C-2-302 regarding the existence or nonexistence of blight within the proposed
             95      urban renewal project area.
             96          (10) "Blight study" means a study to determine the existence or nonexistence of blight
             97      within a survey area as provided in Section 17C-2-301 .
             98          (11) "Board" means the governing body of an agency, as provided in Section
             99      17C-1-203 .
             100          (12) "Budget hearing" means the public hearing on a draft project area budget required
             101      under Subsection 17C-2-201 (2)(d) for an urban renewal project area budget or Subsection
             102      17C-3-201 (2)(d) for an economic development project area budget.
             103          (13) "Closed military base" means land within a former military base that the Defense
             104      Base Closure and Realignment Commission has voted to close or realign when that action has
             105      been sustained by the President of the United States and Congress.
             106          [(13)] (14) "Combined incremental value" means the combined total of all incremental
             107      values from all urban renewal project areas, except project areas that contain some or all of a
             108      military installation or inactive industrial site, within the agency's boundaries under adopted
             109      project area plans and adopted project area budgets at the time that a project area budget for a
             110      new urban renewal project area is being considered.
             111          [(14)] (15) "Community" means a county, city, or town.
             112          [(15)] (16) "Community development" means development activities within a
             113      community, including the encouragement, promotion, or provision of development.
             114          [(16)] (17) "Economic development" means to promote the creation or retention of
             115      public or private jobs within the state through:
             116          (a) planning, design, development, construction, rehabilitation, business relocation, or
             117      any combination of these, within a community; and
             118          (b) the provision of office, industrial, manufacturing, warehousing, distribution,


             119      parking, public, or other facilities, or other improvements that benefit the state or a community.
             120          [(17)] (18) "Fair share ratio" means the ratio derived by:
             121          (a) for a city or town, comparing the percentage of all housing units within the city or
             122      town that are publicly subsidized income targeted housing units to the percentage of all
             123      housing units within the whole county that are publicly subsidized income targeted housing
             124      units; or
             125          (b) for the unincorporated part of a county, comparing the percentage of all housing
             126      units within the unincorporated county that are publicly subsidized income targeted housing
             127      units to the percentage of all housing units within the whole county that are publicly subsidized
             128      income targeted housing units.
             129          [(18)] (19) "Family" has the meaning as defined under regulations of the U.S.
             130      Department of Housing and Urban Development, 24 C.F.R. Section 5.403, as amended or as
             131      superseded by replacement regulations.
             132          [(19)] (20) "Greenfield" means land not developed beyond agricultural or forestry use.
             133          [(20)] (21) "Hazardous waste" means any substance defined, regulated, or listed as a
             134      hazardous substance, hazardous material, hazardous waste, toxic waste, pollutant, contaminant,
             135      or toxic substance, or identified as hazardous to human health or the environment, under state
             136      or federal law or regulation.
             137          [(21)] (22) "Housing funds" means the funds allocated in an urban renewal project area
             138      budget under Section 17C-2-203 for the purposes provided in Subsection 17C-1-412 (1).
             139          [(22)] (23) (a) "Inactive airport site" means land that:
             140          (i) consists of at least 100 acres;
             141          (ii) is occupied by an airport:
             142          (A) (I) that is no longer in operation as an airport; or
             143          (II) (Aa) that is scheduled to be decommissioned; and
             144          (Bb) for which a replacement commercial service airport is under construction; and
             145          (B) that is owned or was formerly owned and operated by a public entity; and
             146          (iii) requires remediation because:
             147          (A) of the presence of hazardous waste or solid waste; or
             148          (B) the site lacks sufficient public infrastructure and facilities, including public roads,
             149      electric service, water system, and sewer system, needed to support development of the site.


             150          (b) "Inactive airport site" includes a perimeter of up to 2,500 feet around the land
             151      described in Subsection [(22)] (23)(a).
             152          [(23)] (24) (a) "Inactive industrial site" means land that:
             153          (i) consists of at least 1,000 acres;
             154          (ii) is occupied by an inactive or abandoned factory, smelter, or other heavy industrial
             155      facility; and
             156          (iii) requires remediation because of the presence of hazardous waste or solid waste.
             157          (b) "Inactive industrial site" includes a perimeter of up to 1,500 feet around the land
             158      described in Subsection [(23)] (24)(a).
             159          [(24)] (25) "Income targeted housing" means housing to be owned or occupied by a
             160      family whose annual income is at or below 80% of the median annual income for the county in
             161      which the housing is located.
             162          [(25)] (26) "Incremental value" means a figure derived by multiplying the marginal
             163      value of the property located within an urban renewal project area on which tax increment is
             164      collected by a number that represents the percentage of adjusted tax increment from that project
             165      area that is paid to the agency.
             166          [(26)] (27) "Loan fund board" means the Olene Walker Housing Loan Fund Board,
             167      established under Title 9, Chapter 4, Part 7, Olene Walker Housing Loan Fund.
             168          [(27)] (28) "Marginal value" means the difference between actual taxable value and
             169      base taxable value.
             170          [(28)] (29) "Military installation project area" means a project area or a portion of a
             171      project area located within a federal military installation ordered closed by the federal Defense
             172      Base Realignment and Closure Commission.
             173          (30) (a) "Municipal building" means a building owned and operated by a municipality
             174      for the purpose of providing one or more primary municipal functions, including:
             175          (i) a fire state;
             176          (ii) a police station;
             177          (iii) a city hall; or
             178          (iv) a court or other judicial building.
             179          (b) "Municipal building" does not include a building the primary purpose of which is
             180      cultural or recreational in nature.


             181          [(29)] (31) "Plan hearing" means the public hearing on a draft project area plan
             182      required under Subsection 17C-2-102 (1)(a)(vi) for an urban renewal project area plan,
             183      Subsection 17C-3-102 (1)(d) for an economic development project area plan, and Subsection
             184      17C-4-102 (1)(d) for a community development project area plan.
             185          [(30)] (32) "Post-June 30, 1993, project area plan" means a project area plan adopted
             186      on or after July 1, 1993, whether or not amended subsequent to its adoption.
             187          [(31)] (33) "Pre-July 1, 1993, project area plan" means a project area plan adopted
             188      before July 1, 1993, whether or not amended subsequent to its adoption.
             189          [(32)] (34) "Private," with respect to real property, means:
             190          (a) not owned by the United States or any agency of the federal government, a public
             191      entity, or any other governmental entity; and
             192          (b) not dedicated to public use.
             193          [(33)] (35) "Project area" means the geographic area described in a project area plan or
             194      draft project area plan where the urban renewal, economic development, or community
             195      development, as the case may be, set forth in the project area plan or draft project area plan
             196      takes place or is proposed to take place.
             197          [(34)] (36) "Project area budget" means a multiyear projection of annual or cumulative
             198      revenues and expenses and other fiscal matters pertaining to a urban renewal or economic
             199      development project area that includes:
             200          (a) the base taxable value of property in the project area;
             201          (b) the projected tax increment expected to be generated within the project area;
             202          (c) the amount of tax increment expected to be shared with other taxing entities;
             203          (d) the amount of tax increment expected to be used to implement the project area plan,
             204      including the estimated amount of tax increment to be used for land acquisition, public
             205      improvements, infrastructure improvements, and loans, grants, or other incentives to private
             206      and public entities;
             207          (e) the tax increment expected to be used to cover the cost of administering the project
             208      area plan;
             209          (f) if the area from which tax increment is to be collected is less than the entire project
             210      area:
             211          (i) the tax identification numbers of the parcels from which tax increment will be


             212      collected; or
             213          (ii) a legal description of the portion of the project area from which tax increment will
             214      be collected;
             215          (g) for property that the agency owns and expects to sell, the expected total cost of the
             216      property to the agency and the expected selling price; and
             217          (h) (i) for an urban renewal project area, the information required under Subsection
             218      17C-2-201 (1)(b); and
             219          (ii) for an economic development project area, the information required under
             220      Subsection 17C-3-201 (1)(b).
             221          [(35)] (37) "Project area plan" means a written plan under Chapter 2, Part 1, Urban
             222      Renewal Project Area Plan, Chapter 3, Part 1, Economic Development Project Area Plan, or
             223      Chapter 4, Part 1, Community Development Project Area Plan, as the case may be, that, after
             224      its effective date, guides and controls the urban renewal, economic development, or community
             225      development activities within a project area.
             226          [(36)] (38) "Property tax" includes privilege tax and each levy on an ad valorem basis
             227      on tangible or intangible personal or real property.
             228          [(37)] (39) "Public entity" means:
             229          (a) the state, including any of its departments or agencies; or
             230          (b) a political subdivision of the state, including a county, city, town, school district,
             231      local district, special service district, or interlocal cooperation entity.
             232          [(38)] (40) "Publicly owned infrastructure and improvements" means water, sewer,
             233      storm drainage, electrical, and other similar systems and lines, streets, roads, curb, gutter,
             234      sidewalk, walkways, parking facilities, public transportation facilities, and other facilities,
             235      infrastructure, and improvements benefitting the public and to be publicly owned or publicly
             236      maintained or operated.
             237          [(39)] (41) "Record property owner" or "record owner of property" means the owner of
             238      real property as shown on the records of the recorder of the county in which the property is
             239      located and includes a purchaser under a real estate contract if the contract is recorded in the
             240      office of the recorder of the county in which the property is located or the purchaser gives
             241      written notice of the real estate contract to the agency.
             242          [(40)] (42) "Superfund site":


             243          (a) means an area included in the National Priorities List under the Comprehensive
             244      Environmental Response, Compensation, and Liability Act of 1980, 42 U.S.C. Sec. 9605; and
             245          (b) includes an area formerly included in the National Priorities List, as described in
             246      Subsection [(40)] (42)(a), but removed from the list following remediation that leaves on site
             247      the waste that caused the area to be included in the National Priorities List.
             248          [(41)] (43) "Survey area" means an area designated by a survey area resolution for
             249      study to determine whether one or more urban renewal projects within the area are feasible.
             250          [(42)] (44) "Survey area resolution" means a resolution adopted by the agency board
             251      under Subsection 17C-2-101 (1)(a) designating a survey area.
             252          [(43)] (45) "Taxable value" means the value of property as shown on the last equalized
             253      assessment roll as certified by the county assessor.
             254          [(44)] (46) (a) "Tax increment" means, except as provided in Subsection [(44)] (46)(b),
             255      the difference between:
             256          (i) the amount of property tax revenues generated each tax year by all taxing entities
             257      from the area within a project area designated in the project area plan as the area from which
             258      tax increment is to be collected, using the current assessed value of the property; and
             259          (ii) the amount of property tax revenues that would be generated from that same area
             260      using the base taxable value of the property.
             261          (b) "Tax increment" does not include taxes levied and collected under Section
             262      59-2-1602 on or after January 1, 1994, upon the taxable property in the project area unless:
             263          (i) the project area plan was adopted before May 4, 1993, whether or not the project
             264      area plan was subsequently amended; and
             265          (ii) the taxes were pledged to support bond indebtedness or other contractual
             266      obligations of the agency.
             267          [(45)] (47) "Taxing entity" means a public entity that levies a tax on a parcel or parcels
             268      of property located within a community.
             269          [(46)] (48) "Taxing entity committee" means a committee representing the interests of
             270      taxing entities, created as provided in Section 17C-1-402 .
             271          [(47)] (49) "Unincorporated" means not within a city or town.
             272          [(48)] (50) (a) "Urban renewal" means the development activities under a project area
             273      plan within an urban renewal project area, including:


             274          (i) planning, design, development, demolition, clearance, construction, rehabilitation,
             275      environmental remediation, or any combination of these, of part or all of a project area;
             276          (ii) the provision of residential, commercial, industrial, public, or other structures or
             277      spaces, including recreational and other facilities incidental or appurtenant to them;
             278          (iii) altering, improving, modernizing, demolishing, reconstructing, or rehabilitating, or
             279      any combination of these, existing structures in a project area;
             280          (iv) providing open space, including streets and other public grounds and space around
             281      buildings;
             282          (v) providing public or private buildings, infrastructure, structures, and improvements;
             283      and
             284          (vi) providing improvements of public or private recreation areas and other public
             285      grounds.
             286          (b) "Urban renewal" means "redevelopment," as defined under the law in effect before
             287      May 1, 2006, if the context requires.
             288          Section 2. Section 17C-1-204 is amended to read:
             289           17C-1-204. Urban renewal, economic development, and community development
             290      by an adjoining agency -- Requirements.
             291          (1) An agency or community may, by resolution of its board or legislative body,
             292      respectively, authorize an agency to conduct urban renewal, economic development, or
             293      community development activities in a project area that includes an area within the authorizing
             294      agency's boundaries or within the boundaries of the authorizing community if the project area
             295      or community is contiguous to the boundaries of the other agency.
             296          (2) If an agency board or community legislative body adopts a resolution under
             297      Subsection (1) authorizing another agency to undertake urban renewal, economic development,
             298      or community development activities in the authorizing agency's project area or within the
             299      boundaries of the authorizing community:
             300          (a) the other agency may act in all respects as if the project area were within its own
             301      boundaries;
             302          (b) the board of the other agency has all the rights, powers, and privileges with respect
             303      to the project area as if it were within its own boundaries; and
             304          (c) the other agency may be paid tax increment funds to the same extent as if the


             305      project area were within its own boundaries.
             306          (3) Each project area plan approved by the other agency for the project area that is the
             307      subject of a resolution under Subsection (1) shall be adopted by ordinance of the legislative
             308      body of the community in which the project area is located.
             309          (4) (a) As used in this Subsection (4):
             310          (i) "County agency" means an agency that was created by a county.
             311          (ii) "Industrial property" means private real property:
             312          (A) over half of which is located within the boundary of a town, as defined in Section
             313      10-1-104 ; and
             314          (B) comprises some or all of an inactive industrial site.
             315          (iii) "Perimeter portion" means the portion of an inactive industrial site that is:
             316          (A) part of the inactive industrial site because it lies within the perimeter described in
             317      Subsection 17C-1-102 [(23)](25)(b); and
             318          (B) located within the boundary of a city, as defined in Section 10-1-104 .
             319          (b) (i) Subject to Subsection (4)(b)(ii), a county agency may undertake urban renewal,
             320      economic development, or community development on industrial property if the record
             321      property owner of the industrial property submits a written request to the county agency to do
             322      so.
             323          (ii) A county agency may not include a perimeter portion within a project area without
             324      the approval of the city in which the perimeter portion is located.
             325          (c) If a county agency undertakes urban renewal, economic development, or
             326      community development on industrial property:
             327          (i) the county agency may act in all respects as if the project area that includes the
             328      industrial property were within the county agency's boundary;
             329          (ii) the board of the county agency has each right, power, and privilege with respect to
             330      the project area as if the project area were within the county agency's boundary; and
             331          (iii) the county agency may be paid tax increment to the same extent as if the project
             332      area were within the county agency's boundary.
             333          (d) A project area plan for a project on industrial property that is approved by the
             334      county agency shall be adopted by ordinance of the legislative body of the county in which the
             335      project area is located.


             336          Section 3. Section 17C-1-401 is amended to read:
             337           17C-1-401. Agency receipt and use of tax increment and sales tax -- Distribution
             338      of tax increment and sales tax.
             339          (1) An agency may receive and use tax increment and sales tax, as provided in this
             340      part.
             341          (2) (a) The applicable length of time or number of years for which an agency is to be
             342      paid tax increment or sales tax under this part shall be measured:
             343          (i) for a pre-July 1, 1993, project area plan, from the first tax year regarding which the
             344      agency accepts tax increment from the project area;
             345          (ii) for a post-June 30, 1993, urban renewal or economic development project area
             346      plan, from the first tax year for which the agency receives tax increment under the project area
             347      budget; or
             348          (iii) for a community development project area plan, as indicated in the resolution or
             349      interlocal agreement of a taxing entity that establishes the agency's right to receive tax
             350      increment or sales tax.
             351          (b) Unless otherwise provided in a project area budget that is approved by a taxing
             352      entity committee, or in an interlocal agreement or resolution adopted by a taxing entity, tax
             353      increment may not be paid to an agency for a tax year prior to the tax year following:
             354          (i) for an urban renewal or economic development project area plan, the effective date
             355      of the project area plan; and
             356          (ii) for a community development project area plan, the effective date of the interlocal
             357      agreement that establishes the agency's right to receive tax increment.
             358          (3) With respect to a community development project area plan:
             359          (a) a taxing entity or public entity may, by resolution or through interlocal agreement,
             360      authorize an agency to be paid any or all of that taxing entity or public entity's tax increment or
             361      sales tax for any period of time; and
             362          (b) the resolution or interlocal agreement authorizing the agency to be paid tax
             363      increment or sales tax shall specify:
             364          (i) the base taxable value of the project area; and
             365          (ii) the method of calculating the amount of tax increment or sales tax to be paid to the
             366      agency.


             367          (4) With the written consent of a taxing entity, an agency may be paid tax increment,
             368      from that taxing entity's tax revenues only, in a higher percentage or for a longer period of time,
             369      or both, than otherwise authorized under this title.
             370          [(5) Each county that collects property tax on property within a project area shall pay
             371      and distribute to the agency the tax increment that the agency is entitled to collect under this
             372      title, in the manner and at the time provided in Section 59-2-1365 .]
             373          (5) (a) Subject to Section 17C-1-407 , an agency is entitled to receive tax increment as
             374      authorized by:
             375          (i) for a pre-July 1, 1993, project area plan, Section 17C-1-403 ;
             376          (ii) for a post-June 30, 1993, project area plan:
             377          (A) Section 17C-1-404 under a project area budget adopted by the agency in
             378      accordance with this title;
             379          (B) a project area budget approved by the taxing entity committee and adopted by the
             380      agency in accordance with this title; or
             381          (C) Section 17C-1-406 ; or
             382          (iii) a resolution or interlocal agreement entered into under Section 17C-2-207 ,
             383      17C-3-206 , 17C-4-201 , or 17C-4-202 .
             384          (b) A county that collects property tax on property located within a project area shall
             385      pay and distribute any tax increment:
             386          (i) to an agency that the agency is entitled to collect; and
             387          (ii) in accordance with Section 59-2-1365 .
             388          Section 4. Section 17C-1-402 is amended to read:
             389           17C-1-402. Taxing entity committee.
             390          (1) Each agency that adopts or proposes to adopt a post-June 30, 1993, urban renewal
             391      or economic development project area plan shall, and any other agency may, cause a taxing
             392      entity committee to be created.
             393          (2) (a) (i) Each taxing entity committee shall be composed of:
             394          (A) two school district representatives appointed as provided in Subsection (2)(a)(ii);
             395          (B) (I) in a county of the second, third, fourth, fifth, or sixth class, two representatives
             396      appointed by resolution of the legislative body of the county in which the agency is located; or
             397          (II) in a county of the first class, one representative appointed by the county executive


             398      and one representative appointed by the legislative body of the county in which the agency is
             399      located;
             400          (C) if the agency was created by a city or town, two representatives appointed by
             401      resolution of the legislative body of that city or town;
             402          (D) one representative appointed by the State Board of Education; and
             403          (E) one representative selected by majority vote of the legislative bodies or governing
             404      boards of all other taxing entities that levy a tax on property within the agency's boundaries, to
             405      represent the interests of those taxing entities on the taxing entity committee.
             406          (ii) (A) If the agency boundaries include only one school district, that school district
             407      shall appoint the two school district representatives under Subsection (2)(a)(i)(A).
             408          (B) If the agency boundaries include more than one school district, those school
             409      districts shall jointly appoint the two school district representatives under Subsection
             410      (2)(a)(i)(A).
             411          (b) (i) Each taxing entity committee representative under Subsection (2)(a) shall be
             412      appointed within 30 days after the agency provides notice of the creation of the taxing entity
             413      committee.
             414          (ii) If a representative is not appointed within the time required under Subsection
             415      (2)(b)(i), the agency board may appoint a person to serve on the taxing entity committee in the
             416      place of the missing representative until that representative is appointed.
             417          (c) (i) A taxing entity committee representative may be appointed for a set term or
             418      period of time, as determined by the appointing authority under Subsection (2)(a)(i).
             419          (ii) Each taxing entity committee representative shall serve until a successor is
             420      appointed and qualified.
             421          (d) (i) Upon the appointment of each representative under Subsection (2)(a)(i), whether
             422      an initial appointment or an appointment to replace an already serving representative, the
             423      appointing authority shall:
             424          (A) notify the agency in writing of the name and address of the newly appointed
             425      representative; and
             426          (B) provide the agency a copy of the resolution making the appointment or, if the
             427      appointment is not made by resolution, other evidence of the appointment.
             428          (ii) Each appointing authority of a taxing entity committee representative under


             429      Subsection (2)(a)(i) shall notify the agency in writing of any change of address of a
             430      representative appointed by that appointing authority.
             431          (3) At its first meeting, a taxing entity committee shall adopt an organizing resolution:
             432          (a) designating a chair and a secretary of the committee; and
             433          (b) if the committee considers it appropriate, governing the use of electronic meetings
             434      under Section 52-4-207 .
             435          (4) (a) A taxing entity committee represents all taxing entities regarding:
             436          (i) an urban renewal [or] project area; or
             437          (ii) an economic development project area [and may:].
             438          (b) A taxing entity committee may:
             439          [(a)] (i) cast votes that will be binding on all taxing entities;
             440          [(b)] (ii) negotiate with the agency concerning a draft project area plan;
             441          [(c)] (iii) approve or disapprove:
             442          (A) an urban renewal project area budget as provided in Section 17C-2-204; or
             443          (B) an economic development project area budget as provided in Section 17C-3-203 ;
             444          [(d)] (iv) approve or disapprove amendments to a project area budget as provided in:
             445          (A) Section 17C-2-206 for an urban renewal project area budget [and]; or
             446          (B) Section 17C-3-205 for an economic development project area budget;
             447          [(e)] (v) approve exceptions to the limits on the value and size of a project area
             448      imposed under this title;
             449          [(f)] (vi) approve exceptions to the percentage of tax increment and the period of time
             450      that tax increment is paid to the agency as provided in this title;
             451          [(g)] (vii) approve the use of tax increment for publicly owned infrastructure and
             452      improvements outside of an urban renewal or economic development project area that the
             453      agency and community legislative body determine to be of benefit to the urban renewal or
             454      economic development project area, as provided in Subsection 17C-1-409 (1)(a)(iii)(D);
             455          [(h)] (viii) waive the restrictions imposed by Subsection 17C-2-202 (1); and
             456          [(i)] (ix) give other taxing entity committee approval or consent required or allowed
             457      under this title.
             458          (5) A quorum of a taxing entity committee consists of:
             459          (a) if the [urban renewal or economic development] project area is located within a city


             460      or town, five members; or
             461          (b) if the [urban renewal or economic development] project area is not located within a
             462      city or town, four members.
             463          (6) Taxing entity committee approval, consent, or other action requires:
             464          (a) the affirmative vote of a majority of all members present at a taxing entity
             465      committee meeting:
             466          (i) at which a quorum is present; and
             467          (ii) considering an action relating to a project area budget for, or approval of a finding
             468      of blight within, a project area or proposed project area that contains:
             469          (A) an inactive industrial site;
             470          (B) an inactive airport site; or
             471          (C) a closed military base; or
             472          (b) for any other action not described in Subsection (6)(a)(ii), the affirmative vote of
             473      two-thirds of all members present at a taxing entity committee meeting at which a quorum is
             474      present.
             475          (7) (a) An agency may call a meeting of the taxing entity committee by sending written
             476      notice to the members of the taxing entity committee at least 10 days before the date of the
             477      meeting.
             478          (b) Each notice under Subsection (7)(a) shall be accompanied by:
             479          (i) the proposed agenda for the taxing entity committee meeting; and
             480          (ii) if not previously provided and if they exist and are to be considered at the meeting:
             481          (A) the [urban renewal or economic development] project area plan or proposed plan;
             482          (B) the [urban renewal or economic development] project area budget or proposed
             483      budget;
             484          (C) the analysis required under Subsection 17C-2-103 (2) or 17C-3-103 (2);
             485          (D) the blight study;
             486          (E) the agency's resolution making a finding of blight under Subsection
             487      17C-2-102 (1)(a) (ii)(B); and
             488          (F) other documents to be considered by the taxing entity committee at the meeting.
             489          (c) (i) An agency may not schedule a taxing entity committee meeting to meet on a day
             490      on which the Legislature is in session.


             491          (ii) Notwithstanding Subsection (7)(c)(i), the taxing entity committee may, by
             492      unanimous consent, waive the scheduling restriction described in Subsection (7)(c)(i).
             493          (8) (a) A taxing entity committee may not vote on a proposed [urban renewal or
             494      economic development] project area budget or proposed amendment to [an urban renewal or
             495      economic development] a project area budget at the first meeting at which the proposed budget
             496      or amendment is considered unless all members of the taxing entity committee present at the
             497      meeting consent.
             498          (b) A second taxing entity committee meeting to consider [an urban renewal or
             499      economic development] a project area budget or a proposed amendment to [an urban renewal
             500      or economic development] a project area budget may not be held within 14 days after the first
             501      meeting unless all members of the taxing entity committee present at the first meeting consent.
             502          (9) [Each] (a) Except as provided in Subsection (9)(b), each taxing entity committee
             503      shall meet at least annually during the time that the agency receives tax increment under an
             504      urban renewal or economic development project area budget in order to review the status of the
             505      project area.
             506          (b) A taxing entity committee is not required under Subsection (9)(a) to meet if the
             507      agency submits on or before November 1 of each year to the county auditor, the State Tax
             508      Commission, the State Board of Education, and each taxing entity that levies a tax on property
             509      from which the agency collects tax increment, a report containing the following:
             510          (i) an assessment of growth of incremental values for each active project area,
             511      including:
             512          (A) the base year assessed value;
             513          (B) the prior year's assessed value;
             514          (C) the estimated current year assessed value for the project area; and
             515          (D) a narrative description of the relative growth in assessed value within the project
             516      area;
             517          (ii) a description of the amount of tax increment received by the agency and passed
             518      through to other taxing entities from each active project area, including:
             519          (A) a comparison of the original forecasted amount of tax increment to actual receipts;
             520          (B) a narrative discussion regarding the use of tax increment; and
             521          (C) a description of the benefits derived by the taxing entities;


             522          (iii) a description of activity within each active project area, including:
             523          (A) a narrative of any significant development activity, including infrastructure
             524      development, site development, and vertical construction within the project area; and
             525          (B) a narrative discussion regarding the status of any agreements for development
             526      within the project area;
             527          (iv) a revised multi-year tax increment budget related to each active project area,
             528      including:
             529          (A) the prior year's tax increment receipts;
             530          (B) the base year value and adjusted base year value, as applicable;
             531          (C) the applicable tax rates within the project area; and
             532          (D) a schedule of private and public investment within the project area; and
             533          (v) any other project highlights included by the agency.
             534          (10) Each taxing entity committee shall be governed by Title 52, Chapter 4, Open and
             535      Public Meetings Act.
             536          (11) Each time a school district representative or a representative of the State Board of
             537      Education votes as a member of a taxing entity committee to allow an agency to be paid tax
             538      increment or to increase the amount or length of time that an agency may be paid tax
             539      increment, that representative shall, within 45 days after the vote, provide to the
             540      representative's respective school board an explanation in writing of the representative's vote
             541      and the reasons for the vote.
             542          (12) (a) The auditor of each county in which the agency is located shall provide a
             543      written report to the taxing entity committee stating, with respect to property within each urban
             544      renewal and economic development project area:
             545          (i) the base taxable value, as adjusted by any adjustments under Section 17C-1-408 ;
             546      and
             547          (ii) the assessed value.
             548          (b) With respect to the information required under Subsection (12)(a), the auditor shall
             549      provide:
             550          (i) actual amounts for each year from the adoption of the [urban renewal and economic
             551      development] project area plan to the time of the report; and
             552          (ii) estimated amounts for each year beginning the year after the time of the report and


             553      ending the time that the agency expects no longer to be paid tax increment from property
             554      within the urban renewal and economic development project area.
             555          (c) The auditor of the county in which the agency is located shall provide a report
             556      under this Subsection (12):
             557          (i) at least annually; and
             558          (ii) upon request of the taxing entity committee, before a taxing entity committee
             559      meeting at which the committee will consider whether to allow the agency to be paid tax
             560      increment or to increase the amount of tax increment that the agency may be paid or the length
             561      of time that the agency may be paid tax increment.
             562          (13) This section does not apply to a community development project area plan.
             563          (14) A taxing entity committee resolution, whether adopted before, on, or after May 10,
             564      2011, approving a blight finding, approving a project area budget, or approving an amendment
             565      to a project area budget:
             566          (a) is final; and
             567          (b) is not subject to repeal, amendment, or reconsideration unless the agency first
             568      consents by resolution to the proposed repeal, amendment, or reconsideration.    
             569          Section 5. Section 17C-1-409 is amended to read:
             570           17C-1-409. Allowable uses of tax increment and sales tax.
             571          (1) (a) An agency may use tax increment and sales tax proceeds received from a taxing
             572      entity:
             573          (i) for any of the purposes for which the use of tax increment is authorized under this
             574      title;
             575          (ii) for administrative, overhead, legal, and other operating expenses of the agency,
             576      including consultant fees and expenses under Subsection 17C-2-102 (1)(b)(ii)(B) or funding for
             577      a business resource center;
             578          (iii) to pay for, including financing or refinancing, all or part of:
             579          (A) urban renewal activities in the project area from which the tax increment funds are
             580      collected, including environmental remediation activities occurring before or after adoption of
             581      the project area plan;
             582          (B) economic development or community development activities, including
             583      environmental remediation activities occurring before or after adoption of the project area plan,


             584      in the project area from which the tax increment funds are collected;
             585          (C) housing expenditures, projects, or programs as provided in Section 17C-1-411 or
             586      17C-1-412 ;
             587          (D) subject to Subsections (1)(c) and (6), the value of the land for and the cost of the
             588      installation and construction of any publicly owned building, facility, structure, landscaping, or
             589      other improvement within the project area from which the tax increment funds were collected;
             590      and
             591          (E) subject to Subsection (1)(d), the cost of the installation of publicly owned
             592      infrastructure and improvements outside the project area from which the tax increment funds
             593      were collected if the agency board and the community legislative body determine by resolution
             594      that the publicly owned infrastructure and improvements are of benefit to the project area; or
             595          (iv) in an urban renewal project area that includes some or all of an inactive industrial
             596      site and subject to Subsection (1)(f), to reimburse the Department of Transportation created
             597      under Section 72-1-201 , or a public transit district created under Title 17B, Chapter 2a, Part 8,
             598      Public Transit District Act, for the cost of:
             599          (A) construction of a public road, bridge, or overpass;
             600          (B) relocation of a railroad track within the urban renewal project area; or
             601          (C) relocation of a railroad facility within the urban renewal project area.
             602          (b) The determination of the agency board and the community legislative body under
             603      Subsection (1)(a)(iii)(E) regarding benefit to the project area shall be final and conclusive.
             604          (c) An agency may not use tax increment or sales tax proceeds received from a taxing
             605      entity for the purposes stated in Subsection (1)(a)(iii)(D) under an urban renewal or economic
             606      development project area plan without the consent of the community legislative body.
             607          (d) An agency may not use tax increment or sales tax proceeds received from a taxing
             608      entity for the purposes stated in Subsection (1)(a)(iii)(E) under an urban renewal or economic
             609      development project area plan without the consent of the community legislative body and the
             610      taxing entity committee.
             611          (e) (i) Subject to Subsection (1)(e)(ii), an agency may loan tax increment or sales tax
             612      proceeds, or a combination of tax increment and sales tax proceeds, from a project area fund to
             613      another project area fund if:
             614          (A) the agency's board approves; and


             615          (B) the legislative body of each community that created the agency approves.
             616          (ii) An agency may not loan tax increment or sales tax proceeds, or a combination of
             617      tax increment and sales tax proceeds, under Subsection (1)(e)(i) unless the projections for the
             618      future tax increment or sales tax proceeds of the borrowing project area are sufficient to repay
             619      the loan amount prior to when the tax increment or sales tax proceeds are intended for use
             620      under the loaning project area's plan.
             621          (iii) If a borrowing project area's funds are not sufficient to repay a loan made under
             622      Subsection (1)(e)(i) prior to when the tax increment or sales tax proceeds are intended for use
             623      under the loaning project area's plan, the community that created the agency shall repay the
             624      loan to the loaning project area's fund prior to when the tax increment or sales tax proceeds are
             625      intended for use under the loaning project area's plan, unless the taxing entity committee adopts
             626      a resolution to waive this requirement.
             627          (f) Before an agency may pay any tax increment or sales tax revenue under Subsection
             628      (1)(a)(iv), the agency shall enter into an interlocal agreement defining the terms of the
             629      reimbursement with:
             630          (i) the Department of Transportation; or
             631          (ii) a public transit district.
             632          (2) Sales tax proceeds that an agency receives from another public entity are not
             633      subject to the prohibition or limitations of Title 11, Chapter 41, Prohibition on Sales and Use
             634      Tax Incentive Payments Act.
             635          (3) An agency may use sales tax proceeds it receives under a resolution or interlocal
             636      agreement under Section 17C-4-201 for the uses authorized in the resolution or interlocal
             637      agreement.
             638          (4) (a) An agency may contract with the community that created the agency or another
             639      public entity to use tax increment to reimburse the cost of items authorized by this title to be
             640      paid by the agency that have been or will be paid by the community or other public entity.
             641          (b) If land has been or will be acquired or the cost of an improvement has been or will
             642      be paid by another public entity and the land or improvement has been or will be leased to the
             643      community, an agency may contract with and make reimbursement from tax increment funds to
             644      the community.
             645          (5) An agency created by a city of the first or second class may use tax increment from


             646      one project area in another project area to pay all or part of the value of the land for and the
             647      cost of the installation and construction of a publicly or privately owned convention center or
             648      sports complex or any building, facility, structure, or other improvement related to the
             649      convention center or sports complex, including parking and infrastructure improvements, if:
             650          (a) construction of the convention center or sports complex or related building, facility,
             651      structure, or other improvement is commenced on or before [June 30, 2002] December 31,
             652      2012; and
             653          (b) the tax increment is pledged to pay all or part of the value of the land for and the
             654      cost of the installation and construction of the convention center or sports complex or related
             655      building, facility, structure, or other improvement.
             656          (6) Notwithstanding any other provision of this title, an agency may not use tax
             657      increment to construct municipal buildings[, courts or other judicial buildings, or fire stations]
             658      unless the taxing entity committee adopts a resolution to waive this requirement.
             659          (7) Notwithstanding any other provision of this title, an agency may not use tax
             660      increment under an urban renewal or economic development project area plan, to pay any of
             661      the cost of the land, infrastructure, or construction of a stadium or arena constructed after
             662      March 1, 2005, unless the tax increment has been pledged for that purpose before February 15,
             663      2005.
             664          (8) (a) An agency may not use tax increment to pay the debt service of or any other
             665      amount related to a bond issued or other obligation incurred if the bond was issued or the
             666      obligation was incurred:
             667          (i) by an interlocal entity created under Title 11, Chapter 13, Interlocal Cooperation
             668      Act;
             669          (ii) on or after March 30, 2009; and
             670          (iii) to finance a telecommunication facility.
             671          (b) Subsection (8)(a) may not be construed to prohibit the refinancing, restatement, or
             672      refunding of a bond issued before March 30, 2009.
             673          Section 6. Section 17C-1-603 is amended to read:
             674           17C-1-603. Agency report.
             675          (1) (a) [On] Unless an agency submits a report to the county auditor, the State Tax
             676      Commission, the State Board of Education, and each taxing entity that levies a tax on property


             677      from which the agency collects tax increment as provided under Subsection 17C-1-402 (9)(b),
             678      on or before November 1 of each year, each agency shall prepare and file a report with the
             679      county auditor, the State Tax Commission, the State Board of Education, and each taxing entity
             680      that levies a tax on property from which the agency collects tax increment.
             681          (b) The requirement of Subsection (1)(a) to file a copy of the report with the state as a
             682      taxing entity is met if the agency files a copy with the State Tax Commission and the state
             683      auditor.
             684          (2) Each report under Subsection (1) shall contain:
             685          (a) an estimate of the tax increment to be paid to the agency for the calendar year
             686      ending December 31; [and]
             687          (b) an estimate of the tax increment to be paid to the agency for the calendar year
             688      beginning the next January 1[.];
             689          (c) a narrative description of each active project area within the agency's boundaries;
             690          (d) a narrative description of any significant activity related to each active project area
             691      that occurred during the immediately preceding fiscal year;
             692          (e) a summary description of the overall project timeline for each active project area;
             693          (f) any other information specifically requested by the taxing entity committee or
             694      required by the project area plan or budget; and
             695          (g) any other information included by the agency.
             696          (3) A report prepared in accordance with this section:
             697          (a) is for informational purposes; and
             698          (b) does not alter the amount of tax increment that an agency is entitled to collect from
             699      a project area.
             700          Section 7. Section 17C-2-206 is amended to read:
             701           17C-2-206. Amending an urban renewal project area budget.
             702          (1) An agency may by resolution amend an urban renewal project area budget as
             703      provided in this section.
             704          (2) To amend an adopted urban renewal project area budget, the agency shall:
             705          (a) advertise and hold one public hearing on the proposed amendment as provided in
             706      Subsection (3);
             707          (b) if approval of the taxing entity committee was required for adoption of the original


             708      project area budget, obtain the approval of the taxing entity committee [if] to the same extent
             709      that the agency was required [under Section 17C-2-204 ] to obtain the consent of the taxing
             710      entity committee for the project area budget as originally adopted;
             711          (c) if approval of the taxing entity committee is required under Subsection (2)(b),
             712      obtain a written certification, signed by an attorney licensed to practice law in this state, stating
             713      that the taxing entity committee followed the appropriate procedures to approve the project
             714      area budget; and
             715          (d) adopt a resolution amending the project area budget.
             716          (3) The public hearing required under Subsection (2)(a) shall be conducted according
             717      to the procedures and requirements of Subsections 17C-2-201 (2)(c) and (d), except that if the
             718      amended project area budget proposes that the agency be paid a greater proportion of tax
             719      increment from a project area than was to be paid under the previous project area budget, the
             720      notice shall state the percentage paid under the previous project area budget and the percentage
             721      proposed under the amended project area budget.
             722          (4) If a proposed amendment is not adopted, the agency shall continue to operate under
             723      the previously adopted project area budget without the proposed amendment.
             724          (5) (a) A person may contest the agency's adoption of a budget amendment within 30
             725      days after the day on which the agency adopts the amendment.
             726          (b) A person who fails to contest a budget amendment under Subsection (5)(a):
             727          (i) forfeits any claim against an agency's adoption of the amendment; and
             728          (ii) may not contest:
             729          (A) a payment to the agency under the budget amendment; or
             730          (B) an agency's use of a tax increment under the budget amendment.
             731          Section 8. Section 17C-2-207 is enacted to read:
             732          17C-2-207. Extending collection of tax increment in an urban renewal project
             733      area budget.
             734          (1) An amendment or extension approved by a taxing entity or taxing entity committee
             735      before May 10, 2011, is not subject to this section.
             736          (2) (a) An agency's collection of tax increment under an adopted urban renewal project
             737      area budget may be extended by:
             738          (i) following the project area budget amendment procedures outlined in Section


             739      17C-2-206 ; or
             740          (ii) following the procedures outlined in this section.
             741          (b) The base taxable value for an urban renewal project area budget may not be altered
             742      as a result of an extension under this section unless otherwise expressly provided for in an
             743      interlocal agreement adopted in accordance with Subsection (3)(a).
             744          (3) To extend under this section the agency's collection of tax increment from a taxing
             745      entity under a previously approved project area budget, the agency shall:
             746          (a) obtain the approval of the taxing entity through an interlocal agreement;
             747          (b) (i) hold a public hearing on the proposed extension in accordance with Subsection
             748      17C-2-201 (2)(d) in the same manner as required for a draft project area budget; and
             749          (ii) provide notice of the hearing:
             750          (A) as required by Part 5, Urban Renewal Notice Requirements; and
             751          (B) including the proposed period of extension of the project area budget; and
             752          (c) after obtaining the approval of the taxing entity in accordance with Subsection
             753      (3)(a), at or after the public hearing, adopt a resolution approving the extension.
             754          (4) After the expiration of a project area budget, an agency may continue to receive tax
             755      increment from those taxing entities that have agreed to an extension through an interlocal
             756      agreement in accordance with Subsection (3)(a).
             757          (5) (a) A person may contest the agency's adoption of a budget extension within 30
             758      days after the day on which the agency adopts the resolution providing for the extension.
             759          (b) A person who fails to contest a budget extension under Subsection (5)(a):
             760          (i) shall forfeit any claim against the agency's adoption of the extension; and
             761          (ii) may not contest:
             762          (A) a payment to the agency under the budget, as extended; or
             763          (B) an agency's use of tax increment under the budget, as extended.
             764          Section 9. Section 17C-2-303 is amended to read:
             765           17C-2-303. Conditions on board determination of blight -- Conditions of blight
             766      caused by the developer.
             767          (1) An agency board may not make a finding of blight in a resolution under Subsection
             768      17C-2-102 (1)(a)(ii)(B) unless the board finds that:
             769          (a) (i) the proposed project area consists predominantly of nongreenfield parcels;


             770          (ii) the proposed project area is currently zoned for urban purposes and generally
             771      served by utilities;
             772          (iii) at least 50% of the parcels within the proposed project area contain nonagricultural
             773      or nonaccessory buildings or improvements used or intended for residential, commercial,
             774      industrial, or other urban purposes, or any combination of those uses;
             775          (iv) the present condition or use of the proposed project area substantially impairs the
             776      sound growth of the municipality, retards the provision of housing accommodations, or
             777      constitutes an economic liability or is detrimental to the public health, safety, or welfare, as
             778      shown by the existence within the proposed project area of at least four of the following
             779      factors:
             780          (A) one of the following, although sometimes interspersed with well maintained
             781      buildings and infrastructure:
             782          (I) substantial physical dilapidation, deterioration, or defective construction of
             783      buildings or infrastructure; or
             784          (II) significant noncompliance with current building code, safety code, health code, or
             785      fire code requirements or local ordinances;
             786          (B) unsanitary or unsafe conditions in the proposed project area that threaten the
             787      health, safety, or welfare of the community;
             788          (C) environmental hazards, as defined in state or federal law, that require remediation
             789      as a condition for current or future use and development;
             790          (D) excessive vacancy, abandoned buildings, or vacant lots within an area zoned for
             791      urban use and served by utilities;
             792          (E) abandoned or outdated facilities that pose a threat to public health, safety, or
             793      welfare;
             794          (F) criminal activity in the project area, higher than that of comparable nonblighted
             795      areas in the municipality or county; and
             796          (G) defective or unusual conditions of title rendering the title nonmarketable; and
             797          (v) (A) at least 50% of the privately-owned parcels within the proposed project area are
             798      affected by at least one of the factors, but not necessarily the same factor, listed in Subsection
             799      (1)(a)(iv); and
             800          (B) the affected parcels comprise at least 66% of the privately-owned acreage of the


             801      proposed project area; or
             802          (b) the proposed project area includes some or all of a superfund site, inactive
             803      industrial site, or inactive airport site.
             804          (2) No single parcel comprising 10% or more of the acreage of the proposed project
             805      area may be counted as satisfying Subsection (1)(a)(iii) or (iv) unless at least 50% of the area of
             806      that parcel is occupied by buildings or improvements.
             807          (3) (a) For purposes of Subsection (1), if a developer involved in the urban renewal
             808      project has caused a condition listed in Subsection (1)(a)(iv) within the proposed project area,
             809      that condition may not be used in the determination of blight.
             810          (b) Subsection (3)(a) does not apply to a condition that was caused by an owner or
             811      tenant who becomes a developer.
             812          Section 10. Section 17C-3-205 is amended to read:
             813           17C-3-205. Amending an economic development project area budget.
             814          (1) An agency may by resolution amend an economic development project area budget
             815      as provided in this section.
             816          (2) To amend an adopted economic development project area budget, the agency shall:
             817          (a) advertise and hold one public hearing on the proposed amendment as provided in
             818      Subsection (3);
             819          (b) if approval of the taxing entity committee was required for adoption of the original
             820      project area budget, obtain the approval of the taxing entity committee [if] to the same extent
             821      that the agency was required [under Section 17C-3-203 ] to obtain the consent of the taxing
             822      entity committee for the project area budget as originally adopted;
             823          (c) if approval of the taxing entity committee is required under Subsection (2)(b),
             824      obtain a written certification, signed by an attorney licensed to practice law in this state, stating
             825      that the taxing entity committee followed the appropriate procedures to approve the project
             826      area budget; and
             827          (d) adopt a resolution amending the project area budget.
             828          (3) The public hearing required under Subsection (2)(a) shall be conducted according
             829      to the procedures and requirements of Section 17C-3-201 , except that if the amended project
             830      area budget proposes that the agency be paid a greater proportion of tax increment from a
             831      project area than was to be paid under the previous project area budget, the notice shall state


             832      the percentage paid under the previous project area budget and the percentage proposed under
             833      the amended project area budget.
             834          (4) If a proposed amendment is not adopted, the agency shall continue to operate under
             835      the previously adopted economic development project area budget without the proposed
             836      amendment.
             837          (5) (a) A person may contest the agency's adoption of a budget amendment within 30
             838      days after the day on which the agency adopts the amendment.
             839          (b) A person who fails to contest a budget amendment under Subsection (5)(a):
             840          (i) forfeits any claim against an agency's adoption of the amendment; and
             841          (ii) may not contest:
             842          (A) a payment to the agency under the budget amendment; or
             843          (B) an agency's use of a tax increment under a budget amendment.
             844          Section 11. Section 17C-3-206 is enacted to read:
             845          17C-3-206. Extending collection of tax increment under an economic development
             846      project area budget.
             847          (1) An amendment or extension approved by a taxing entity or taxing entity committee
             848      before May 10, 2011, is not subject to this section.
             849          (2) (a) An agency's collection of tax increment under an adopted economic
             850      development project area budget may be extended by:
             851          (i) following the project area budget amendment procedures outlined in Section
             852      17C-3-205 ; or
             853          (ii) following the procedures outlined in this section.
             854          (b) The base taxable value for an urban renewal project area budget may not be altered
             855      as a result of an extension under this section unless otherwise expressly provided for in an
             856      interlocal agreement adopted in accordance with Subsection (3)(a).
             857          (3) To extend under this section the agency's collection of tax increment from a taxing
             858      entity under a previously approved project area budget, the agency shall:
             859          (a) obtain the approval of the taxing entity through an interlocal agreement;
             860          (b) (i) hold a public hearing on the proposed extension in accordance with Subsection
             861      17C-2-201 (2)(d) in the same manner as required for a draft project area budget; and
             862          (ii) provide notice of the hearing:


             863          (A) as required by Part 4, Economic Development Notice Requirements; and
             864          (B) including the proposed period of extension of the project area budget; and
             865          (c) after obtaining the approval of the taxing entity in accordance with Subsection
             866      (3)(a), at or after the public hearing, adopt a resolution approving the extension.
             867          (4) After the expiration of a project area budget, an agency may continue to receive tax
             868      increment from those taxing entities that have agreed to an extension through an interlocal
             869      agreement in accordance with Subsection (3)(a).
             870          (5) (a) A person may contest the agency's adoption of a budget extension within 30
             871      days after the day on which the agency adopts the resolution providing for the extension.
             872          (b) A person who fails to contest a budget extension under Subsection (5)(a):
             873          (i) shall forfeit any claim against the agency's adoption of the extension; and
             874          (ii) may not contest:
             875          (A) a payment to the agency under the budget, as extended; or
             876          (B) an agency's use of tax increment under the budget, as extended.
             877          Section 12. Section 17C-4-204 is amended to read:
             878           17C-4-204. Adoption of a budget for a community development project area plan
             879      -- Amendment.
             880          (1) An agency may prepare and, by resolution adopted at a regular or special meeting
             881      of the agency board, adopt a budget setting forth:
             882          (a) the anticipated costs, including administrative costs, of implementing the
             883      community development project area plan; and
             884          (b) the tax increment, sales tax, and other revenue the agency anticipates receiving to
             885      fund the project.
             886          (2) An agency may, by resolution adopted at a regular or special meeting of the agency
             887      board, amend a budget adopted under Subsection (1).
             888          (3) Each resolution to adopt or amend a budget under this section shall appear as an
             889      item on the agenda for the regular or special agency board meeting at which the resolution is
             890      adopted[. No other notice is required.] without additional required notice.
             891          (4) An agency is not required to obtain approval of the taxing entity committee for a
             892      community development project area budget.


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