90-4-1303. Duties of authority related to community property-assessed capital enhancements program -- rulemaking.
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90-4-1303 . Duties of authority related to community property-assessed capital enhancements program -- rulemaking.
(1)As resources allow, the authority shall provide administrative support to local governments for the administration of the commercial property-assessed capital enhancements program and establish a plan in accordance with 90-4-1305 .
(2)If the authority adopts rules in accordance with 90-7-202 to administer the commercial property-assessed capital enhancements program, the authority shall consult with local and county governments and the commercial lending industry, including bank and credit union representatives, on the content of the rules.
(3)The authority shall provide a report to the legislature in accordance with 5-11-210 describing the fees related to the program, administrative costs, the number of properties that are part of a commercial property-assessed capital enhancements program, and the scope of projects in the program:
(a)in 2024; and
(b)every 5 years after the report is initially provided in subsection (3)(a).