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S.B. 211 Enrolled

             1     

REDEVELOPMENT AGENCY AMENDMENTS

             2     
2013 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Chief Sponsor: Jerry W. Stevenson

             5     
House Sponsor: Brad R. Wilson

             6     
             7      LONG TITLE
             8      General Description:
             9          This bill amends provisions related to a community development and renewal agency.
             10      Highlighted Provisions:
             11          This bill:
             12          .    authorizes a taxing entity committee to approve exceptions to the requirement that a
             13      project area budget include a maximum cumulative amount of tax increment;
             14          .    amends tax increment provisions applicable to a pre-July 1, 1993, project area plan;
             15          .    enacts language prohibiting certain entities from recovering increased taxes paid to
             16      an agency in certain circumstances;
             17          .    requires that certain urban renewal project budgets specify the maximum
             18      cumulative dollar amount of tax increment that the agency may receive;
             19          .    requires that certain economic development project budgets specify the maximum
             20      cumulative dollar amount of tax increment that the agency may receive; and
             21          .    makes technical corrections.
             22      Money Appropriated in this Bill:
             23          None
             24      Other Special Clauses:
             25          None
             26      Utah Code Sections Affected:
             27      AMENDS:
             28          17C-1-402, as last amended by Laws of Utah 2012, Chapter 235
             29          17C-1-403, as renumbered and amended by Laws of Utah 2006, Chapter 359


             30          17C-1-407, as last amended by Laws of Utah 2009, Chapter 387
             31          17C-2-201, as last amended by Laws of Utah 2010, Chapter 279
             32          17C-3-201, as last amended by Laws of Utah 2010, Chapter 279
             33     
             34      Be it enacted by the Legislature of the state of Utah:
             35          Section 1. Section 17C-1-402 is amended to read:
             36           17C-1-402. Taxing entity committee.
             37          (1) Each agency that adopts or proposes to adopt a post-June 30, 1993, urban renewal
             38      or economic development project area plan shall, and any other agency may, cause a taxing
             39      entity committee to be created.
             40          (2) (a) (i) Each taxing entity committee shall be composed of:
             41          (A) two school district representatives appointed as provided in Subsection (2)(a)(ii);
             42          (B) (I) in a county of the second, third, fourth, fifth, or sixth class, two representatives
             43      appointed by resolution of the legislative body of the county in which the agency is located; or
             44          (II) in a county of the first class, one representative appointed by the county executive
             45      and one representative appointed by the legislative body of the county in which the agency is
             46      located;
             47          (C) if the agency was created by a city or town, two representatives appointed by
             48      resolution of the legislative body of that city or town;
             49          (D) one representative appointed by the State Board of Education; and
             50          (E) one representative selected by majority vote of the legislative bodies or governing
             51      boards of all other taxing entities that levy a tax on property within the agency's boundaries, to
             52      represent the interests of those taxing entities on the taxing entity committee.
             53          (ii) (A) If the agency boundaries include only one school district, that school district
             54      shall appoint the two school district representatives under Subsection (2)(a)(i)(A).
             55          (B) If the agency boundaries include more than one school district, those school
             56      districts shall jointly appoint the two school district representatives under Subsection
             57      (2)(a)(i)(A).


             58          (b) (i) Each taxing entity committee representative under Subsection (2)(a) shall be
             59      appointed within 30 days after the agency provides notice of the creation of the taxing entity
             60      committee.
             61          (ii) If a representative is not appointed within the time required under Subsection
             62      (2)(b)(i), the agency board may appoint a person to serve on the taxing entity committee in the
             63      place of the missing representative until that representative is appointed.
             64          (c) (i) A taxing entity committee representative may be appointed for a set term or
             65      period of time, as determined by the appointing authority under Subsection (2)(a)(i).
             66          (ii) Each taxing entity committee representative shall serve until a successor is
             67      appointed and qualified.
             68          (d) (i) Upon the appointment of each representative under Subsection (2)(a)(i), whether
             69      an initial appointment or an appointment to replace an already serving representative, the
             70      appointing authority shall:
             71          (A) notify the agency in writing of the name and address of the newly appointed
             72      representative; and
             73          (B) provide the agency a copy of the resolution making the appointment or, if the
             74      appointment is not made by resolution, other evidence of the appointment.
             75          (ii) Each appointing authority of a taxing entity committee representative under
             76      Subsection (2)(a)(i) shall notify the agency in writing of any change of address of a
             77      representative appointed by that appointing authority.
             78          (3) At its first meeting, a taxing entity committee shall adopt an organizing resolution:
             79          (a) designating a chair and a secretary of the committee; and
             80          (b) if the committee considers it appropriate, governing the use of electronic meetings
             81      under Section 52-4-207 .
             82          (4) (a) A taxing entity committee represents all taxing entities regarding:
             83          (i) an urban renewal project area; or
             84          (ii) an economic development project area.
             85          (b) A taxing entity committee may:


             86          (i) cast votes that will be binding on all taxing entities;
             87          (ii) negotiate with the agency concerning a draft project area plan;
             88          (iii) approve or disapprove:
             89          (A) an urban renewal project area budget as provided in Section 17C-2-204 ; or
             90          (B) an economic development project area budget as provided in Section 17C-3-203 ;
             91          (iv) approve or disapprove amendments to a project area budget as provided in:
             92          (A) Section 17C-2-206 for an urban renewal project area budget; or
             93          (B) Section 17C-3-205 for an economic development project area budget;
             94          (v) approve exceptions to the limits on the value and size of a project area imposed
             95      under this title;
             96          (vi) approve:
             97          (A) exceptions to the percentage of tax increment [and] to be paid to the agency;
             98          (B) the period of time that tax increment is to be paid to the agency [as provided in this
             99      title]; and
             100          (C) exceptions to the requirement for an urban renewal or economic development
             101      project area budget to include a maximum cumulative dollar amount of tax increment that the
             102      agency may receive;
             103          (vii) approve the use of tax increment for publicly owned infrastructure and
             104      improvements outside of an urban renewal or economic development project area that the
             105      agency and community legislative body determine to be of benefit to the urban renewal or
             106      economic development project area, as provided in Subsection 17C-1-409 (1)(a)(iii)(D);
             107          (viii) waive the restrictions imposed by Subsection 17C-2-202 (1);
             108          (ix) subject to Subsection (4)(c), designate in an approved urban renewal or economic
             109      development project area budget the base taxable value for that project area budget; and
             110          (x) give other taxing entity committee approval or consent required or allowed under
             111      this title.
             112          (c) The base year used for calculation of the base taxable value in Subsection (4)(b)(ix)
             113      may not be a year that is earlier than the year during which the project area plan became


             114      effective.
             115          (5) A quorum of a taxing entity committee consists of:
             116          (a) if the project area is located within a city or town, five members; or
             117          (b) if the project area is not located within a city or town, four members.
             118          (6) Taxing entity committee approval, consent, or other action requires:
             119          (a) the affirmative vote of a majority of all members present at a taxing entity
             120      committee meeting:
             121          (i) at which a quorum is present; and
             122          (ii) considering an action relating to a project area budget for, or approval of a finding
             123      of blight within, a project area or proposed project area that contains:
             124          (A) an inactive industrial site;
             125          (B) an inactive airport site; or
             126          (C) a closed military base; or
             127          (b) for any other action not described in Subsection (6)(a)(ii), the affirmative vote of
             128      two-thirds of all members present at a taxing entity committee meeting at which a quorum is
             129      present.
             130          (7) (a) An agency may call a meeting of the taxing entity committee by sending written
             131      notice to the members of the taxing entity committee at least 10 days before the date of the
             132      meeting.
             133          (b) Each notice under Subsection (7)(a) shall be accompanied by:
             134          (i) the proposed agenda for the taxing entity committee meeting; and
             135          (ii) if not previously provided and if they exist and are to be considered at the meeting:
             136          (A) the project area plan or proposed plan;
             137          (B) the project area budget or proposed budget;
             138          (C) the analysis required under Subsection 17C-2-103 (2) or 17C-3-103 (2);
             139          (D) the blight study;
             140          (E) the agency's resolution making a finding of blight under Subsection
             141      17C-2-102 (1)(a) (ii)(B); and


             142          (F) other documents to be considered by the taxing entity committee at the meeting.
             143          (c) (i) An agency may not schedule a taxing entity committee meeting to meet on a day
             144      on which the Legislature is in session.
             145          (ii) Notwithstanding Subsection (7)(c)(i), the taxing entity committee may, by
             146      unanimous consent, waive the scheduling restriction described in Subsection (7)(c)(i).
             147          (8) (a) A taxing entity committee may not vote on a proposed project area budget or
             148      proposed amendment to a project area budget at the first meeting at which the proposed budget
             149      or amendment is considered unless all members of the taxing entity committee present at the
             150      meeting consent.
             151          (b) A second taxing entity committee meeting to consider a project area budget or a
             152      proposed amendment to a project area budget may not be held within 14 days after the first
             153      meeting unless all members of the taxing entity committee present at the first meeting consent.
             154          (9) (a) Except as provided in Subsection (9)(b), each taxing entity committee shall
             155      meet at least annually during the time that the agency receives tax increment under an urban
             156      renewal or economic development project area budget in order to review the status of the
             157      project area.
             158          (b) A taxing entity committee is not required under Subsection (9)(a) to meet if the
             159      agency submits on or before November 1 of each year to the county auditor, the State Tax
             160      Commission, the State Board of Education, and each taxing entity that levies a tax on property
             161      from which the agency collects tax increment, a report containing the following:
             162          (i) an assessment of growth of incremental values for each active project area,
             163      including:
             164          (A) the base year assessed value;
             165          (B) the prior year's assessed value;
             166          (C) the estimated current year assessed value for the project area; and
             167          (D) a narrative description of the relative growth in assessed value within the project
             168      area;
             169          (ii) a description of the amount of tax increment received by the agency and passed


             170      through to other taxing entities from each active project area, including:
             171          (A) a comparison of the original forecasted amount of tax increment to actual receipts;
             172          (B) a narrative discussion regarding the use of tax increment; and
             173          (C) a description of the benefits derived by the taxing entities;
             174          (iii) a description of activity within each active project area, including:
             175          (A) a narrative of any significant development activity, including infrastructure
             176      development, site development, and vertical construction within the project area; and
             177          (B) a narrative discussion regarding the status of any agreements for development
             178      within the project area;
             179          (iv) a revised multi-year tax increment budget related to each active project area,
             180      including:
             181          (A) the prior year's tax increment receipts;
             182          (B) the base year value and adjusted base year value, as applicable;
             183          (C) the applicable tax rates within the project area; and
             184          (D) a description of private and public investment within the project area;
             185          (v) an estimate of the tax increment to be paid to the agency for the calendar years
             186      ending December 31 and beginning the next January 1; and
             187          (vi) any other project highlights included by the agency.
             188          (10) Each taxing entity committee shall be governed by Title 52, Chapter 4, Open and
             189      Public Meetings Act.
             190          (11) Each time a school district representative or a representative of the State Board of
             191      Education votes as a member of a taxing entity committee to allow an agency to be paid tax
             192      increment or to increase the amount or length of time that an agency may be paid tax
             193      increment, that representative shall, within 45 days after the vote, provide to the
             194      representative's respective school board an explanation in writing of the representative's vote
             195      and the reasons for the vote.
             196          (12) (a) The auditor of each county in which the agency is located shall provide a
             197      written report to the taxing entity committee stating, with respect to property within each urban


             198      renewal and economic development project area:
             199          (i) the base taxable value, as adjusted by any adjustments under Section 17C-1-408 ;
             200      and
             201          (ii) the assessed value.
             202          (b) With respect to the information required under Subsection (12)(a), the auditor shall
             203      provide:
             204          (i) actual amounts for each year from the adoption of the project area plan to the time
             205      of the report; and
             206          (ii) estimated amounts for each year beginning the year after the time of the report and
             207      ending the time that the agency expects no longer to be paid tax increment from property
             208      within the urban renewal and economic development project area.
             209          (c) The auditor of the county in which the agency is located shall provide a report
             210      under this Subsection (12):
             211          (i) at least annually; and
             212          (ii) upon request of the taxing entity committee, before a taxing entity committee
             213      meeting at which the committee will consider whether to allow the agency to be paid tax
             214      increment or to increase the amount of tax increment that the agency may be paid or the length
             215      of time that the agency may be paid tax increment.
             216          (13) This section does not apply to a community development project area plan.
             217          (14) A taxing entity committee resolution, whether adopted before, on, or after May 10,
             218      2011, approving a blight finding, approving a project area budget, or approving an amendment
             219      to a project area budget:
             220          (a) is final; and
             221          (b) is not subject to repeal, amendment, or reconsideration unless the agency first
             222      consents by resolution to the proposed repeal, amendment, or reconsideration.
             223          Section 2. Section 17C-1-403 is amended to read:
             224           17C-1-403. Tax increment under a pre-July 1, 1993, project area plan.
             225          (1) [This] Notwithstanding any other provision of law, this section applies retroactively


             226      to tax increment under [a] all pre-July 1, 1993, project area [plan only] plans, regardless of
             227      when the applicable project area was created or the applicable project area plan was adopted.
             228          (2) (a) Beginning with the first tax year after April 1, 1983 for which an agency accepts
             229      tax increment, an agency [may] is entitled to be paid:
             230          (i) (A) for the first through the fifth tax years, 100% of tax increment;
             231          (B) for the sixth through the tenth tax years, 80% of tax increment;
             232          (C) for the eleventh through the fifteenth tax years, 75% of tax increment;
             233          (D) for the sixteenth through the twentieth tax years, 70% of tax increment; and
             234          (E) for the twenty-first through the twenty-fifth tax years, 60% of tax increment; or
             235          (ii) for an agency that has caused a taxing entity committee to be created under
             236      Subsection 17C-1-402 (1), any percentage of tax increment up to 100% and for any length of
             237      time that the taxing entity committee approves.
             238          (b) Notwithstanding any other provision of this section:
             239          (i) an agency [may] is entitled to be paid 100% of tax increment from a project area for
             240      32 years after April 1, 1983 to pay principal and interest on agency indebtedness incurred
             241      before April 1, 1983, even though the size of the project area from which tax increment is paid
             242      to the agency exceeds 100 acres of privately owned property under a project area plan adopted
             243      on or before April 1, 1983; and
             244          (ii) for up to 32 years after April 1, 1983, an agency debt incurred before April 1, 1983
             245      may be refinanced and paid from 100% of tax increment if the principal amount of the debt is
             246      not increased in the refinancing.
             247          (3) (a) For purposes of this Subsection (3), "additional tax increment" means the
             248      difference between 100% of tax increment for a tax year and the amount of tax increment an
             249      agency is paid for that tax year under the percentages and time periods specified in Subsection
             250      (2)(a).
             251          (b) Notwithstanding the tax increment percentages and time periods in Subsection
             252      (2)(a), an agency [may] is entitled to be paid additional tax increment for a period ending 32
             253      years after the first tax year after April 1, 1983, for which the agency receives tax increment


             254      from the project area if:
             255          (i) (A) the additional tax increment is used solely to pay all or part of the value of the
             256      land for and the cost of the installation and construction of a publicly or privately owned
             257      convention center or sports complex or any building, facility, structure, or other improvement
             258      related to the convention center or sports complex, including parking and infrastructure
             259      improvements;
             260          (B) construction of the convention center or sports complex or related building,
             261      facility, structure, or other improvement is commenced on or before June 30, 2002;
             262          (C) the additional tax increment is pledged to pay all or part of the value of the land for
             263      and the cost of the installation and construction of the convention center or sports complex or
             264      related building, facility, structure, or other improvement; and
             265          (D) the agency board and the community legislative body have determined by
             266      resolution that the convention center or sports complex is:
             267          (I) within and a benefit to a project area;
             268          (II) not within but still a benefit to a project area; or
             269          (III) within a project area in which substantially all of the land is publicly owned and a
             270      benefit to the community; or
             271          (ii) (A) the additional tax increment is used to pay some or all of the cost of the land
             272      for and installation and construction of a recreational facility, as defined in Section 59-12-702 ,
             273      or a cultural facility, including parking and infrastructure improvements related to the
             274      recreational or cultural facility, whether or not the facility is located within a project area;
             275          (B) construction of the recreational or cultural facility is commenced on or before
             276      December 31, 2005; and
             277          (C) the additional tax increment is pledged on or before July 1, 2005, to pay all or part
             278      of the cost of the land for and the installation and construction of the recreational or cultural
             279      facility, including parking and infrastructure improvements related to the recreational or
             280      cultural facility.
             281          (c) Notwithstanding Subsection (3)(b)(ii), a school district may not, without its


             282      consent, be paid less tax increment because of application of Subsection (3)(b)(ii) than it would
             283      have been paid without that subsection.
             284          (4) Notwithstanding any other provision of this section, an agency may use tax
             285      increment received under Subsection (2) for any of the uses indicated in Subsection (3).
             286          Section 3. Section 17C-1-407 is amended to read:
             287           17C-1-407. Limitations on tax increment.
             288          (1) (a) If the development of retail sales of goods is the primary objective of an urban
             289      renewal project area, tax increment from the urban renewal project area may not be paid to or
             290      used by an agency unless a finding of blight is made under Chapter 2, Part 3, Blight
             291      Determination in Urban Renewal Project Areas.
             292          (b) Development of retail sales of goods does not disqualify an agency from receiving
             293      tax increment.
             294          (c) After July 1, 2005, an agency may not be paid or use tax increment generated from
             295      the value of property within an economic development project area that is attributable to the
             296      development of retail sales of goods, unless the tax increment was previously pledged to pay
             297      for bonds or other contractual obligations of the agency.
             298          (2) (a) An agency may not be paid any portion of a taxing entity's taxes resulting from
             299      an increase in the taxing entity's tax rate that occurs after the taxing entity committee approves
             300      the project area budget unless, at the time the taxing entity committee approves the project area
             301      budget, the taxing entity committee approves payment of those increased taxes to the agency.
             302          (b) If the taxing entity committee does not approve of payment of the increased taxes to
             303      the agency under Subsection (2)(a), the county shall distribute to the taxing entity the taxes
             304      attributable to the tax rate increase in the same manner as other property taxes.
             305          (c) Notwithstanding any other provision of this section, if, prior to tax year 2013,
             306      increased taxes are paid to an agency without the approval of the taxing entity committee, and
             307      notwithstanding the law at the time that the tax was collected or increased:
             308          (i) the State Tax Commission, the county as the collector of the taxes, a taxing entity,
             309      or any other person or entity may not recover, directly or indirectly, the increased taxes from


             310      the agency by adjustment of a tax rate used to calculate tax increment or otherwise;
             311          (ii) the county is not liable to a taxing entity or any other person or entity for the
             312      increased taxes that were paid to the agency; and
             313          (iii) tax increment, including the increased taxes, shall continue to be paid to the
             314      agency subject to the same number of tax years, percentage of tax increment, and cumulative
             315      dollar amount of tax increment as approved in the project area budget and previously paid to
             316      the agency.
             317          (3) Except as the taxing entity committee otherwise agrees, an agency may not receive
             318      tax increment under an urban renewal or economic development project area budget adopted
             319      on or after March 30, 2009:
             320          (a) that exceeds the percentage of tax increment or cumulative dollar amount of tax
             321      increment specified in the project area budget; or
             322          (b) for more tax years than specified in the project area budget.
             323          Section 4. Section 17C-2-201 is amended to read:
             324           17C-2-201. Project area budget -- Requirements for adopting -- Contesting the
             325      budget or procedure -- Time limit.
             326          (1) (a) If an agency anticipates funding all or a portion of a post-June 30, 1993 urban
             327      renewal project area plan with tax increment, the agency shall, subject to Section 17C-2-202 ,
             328      adopt a project area budget as provided in this part.
             329          (b) An urban renewal project area budget adopted on or after March 30, 2009 shall
             330      specify:
             331          (i) for a project area budget adopted on or after March 30, 2009:
             332          [(i)] (A) the number of tax years for which the agency will be allowed to receive tax
             333      increment from the project area; and
             334          [(ii)] (B) the percentage of tax increment [or maximum cumulative dollar amount of
             335      tax increment] the agency is entitled to receive from the project area under the project area
             336      budget[.]; and
             337          (ii) for a project area budget adopted on or after March 30, 2013, unless approval is


             338      obtained under Subsection 17C-1-402 (4)(b)(vi)(C), the maximum cumulative dollar amount of
             339      tax increment that the agency may receive from the project area under the project area budget.
             340          (2) To adopt an urban renewal project area budget, the agency shall:
             341          (a) prepare a draft of a project area budget;
             342          (b) make a copy of the draft project area budget available to the public at the agency's
             343      offices during normal business hours;
             344          (c) provide notice of the budget hearing as required by Part 5, Urban Renewal Notice
             345      Requirements;
             346          (d) hold a public hearing on the draft project area budget and, at that public hearing,
             347      allow public comment on:
             348          (i) the draft project area budget; and
             349          (ii) whether the draft project area budget should be revised, adopted, or rejected;
             350          (e) (i) if required under Subsection 17C-2-204 (1), obtain the approval of the taxing
             351      entity committee on the draft project area budget or a revised version of the draft project area
             352      budget; or
             353          (ii) if applicable, comply with the requirements of Subsection 17C-2-204 (2);
             354          (f) if approval of the taxing entity committee is required under Subsection (2)(e)(i),
             355      obtain a written certification, signed by an attorney licensed to practice law in this state, stating
             356      that the taxing entity committee followed the appropriate procedures to approve the project
             357      area budget; and
             358          (g) after the budget hearing, hold a board meeting in the same meeting as the public
             359      hearing or in a subsequent meeting to:
             360          (i) consider comments made and information presented at the public hearing relating to
             361      the draft project area budget; and
             362          (ii) adopt by resolution the draft project area budget, with any revisions, as the project
             363      area budget.
             364          (3) (a) For a period of 30 days after the agency's adoption of the project area budget
             365      under Subsection (2)(g), any person in interest may contest the project area budget or the


             366      procedure used to adopt the project area budget if the budget or procedure fails to comply with
             367      applicable statutory requirements.
             368          (b) After the 30-day period under Subsection (3)(a) expires, a person, for any cause,
             369      may not contest:
             370          (i) the project area budget or procedure used by either the taxing entity committee or
             371      the agency to approve and adopt the project area budget;
             372          (ii) a payment to the agency under the project area budget; or
             373          (iii) the agency's use of tax increment under the project area budget.
             374          Section 5. Section 17C-3-201 is amended to read:
             375           17C-3-201. Economic development project area budget -- Requirements for
             376      adopting -- Contesting the budget or procedure -- Time limit.
             377          (1) (a) If an agency anticipates funding all or a portion of a post-June 30, 1993
             378      economic development project area plan with tax increment, the agency shall, subject to
             379      Section 17C-3-202 , adopt a project area budget as provided in this part.
             380          (b) An economic development project area budget adopted on or after March 30, 2009
             381      shall specify:
             382          (i) for a project area budget adopted on or after March 30, 2009:
             383          [(i)] (A) the number of tax years for which the agency will be allowed to receive tax
             384      increment from the project area; and
             385          [(ii)] (B) the percentage of tax increment [or maximum cumulative dollar amount of
             386      tax increment] the agency is entitled to receive from the project area under the project area
             387      budget[.]; and
             388          (ii) for a project area budget adopted on or after March 30, 2013, unless approval is
             389      obtained under Subsection 17C-1-402 (4)(b)(vi)(C), the maximum cumulative dollar amount of
             390      tax increment that the agency may receive from the project area under the project area budget.
             391          (2) To adopt an economic development project area budget, the agency shall:
             392          (a) prepare a draft of an economic development project area budget;
             393          (b) make a copy of the draft project area budget available to the public at the agency's


             394      offices during normal business hours;
             395          (c) provide notice of the budget hearing as required by Part 4, Economic Development
             396      Notice Requirements;
             397          (d) hold a public hearing on the draft project area budget and, at that public hearing,
             398      allow public comment on:
             399          (i) the draft project area budget; and
             400          (ii) whether the draft project area budget should be revised, adopted, or rejected;
             401          (e) (i) if required under Subsection 17C-3-203 (1), obtain the approval of the taxing
             402      entity committee on the draft project area budget or a revised version of the draft project area
             403      budget; or
             404          (ii) if applicable, comply with the requirements of Subsection 17C-3-203 (2);
             405          (f) if approval of the taxing entity committee is required under Subsection (2)(e)(i),
             406      obtain a written certification, signed by an attorney licensed to practice law in this state, stating
             407      that the taxing entity committee followed the appropriate procedures to approve the project
             408      area budget; and
             409          (g) after the budget hearing, hold a board meeting in the same meeting as the public
             410      hearing or in a subsequent meeting to:
             411          (i) consider comments made and information presented at the public hearing relating to
             412      the draft project area budget; and
             413          (ii) adopt by resolution the draft project area budget, with any revisions, as the project
             414      area budget.
             415          (3) (a) For a period of 30 days after the agency's adoption of the project area budget
             416      under Subsection (2)(g), any person in interest may contest the project area budget or the
             417      procedure used to adopt the project area budget if the budget or procedure fails to comply with
             418      applicable statutory requirements.
             419          (b) After the 30-day period under Subsection (3)(a) expires, a person, for any cause,
             420      may not contest:
             421          (i) the project area budget or procedure used by either the taxing entity committee or


             422      the agency to approve and adopt the project area budget;
             423          (ii) a payment to the agency under the project area budget; or
             424          (iii) the agency's use of tax increment under the project area budget.


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