11-42-406. Assessment for economic promotion activities -- Duration -- Reporting.

463 words·~2 min read·/ut/title-11/chapter-42/11-42-406

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/12/2015

(a)If the governing body of a local entity designates an assessment area in accordance with Part 2, Designating an Assessment Area , for economic promotion activities, the governing body:

(i)subject to Subsection (1)(a)(ii) , may levy an assessment to pay for economic promotion activities by adopting an assessment resolution or ordinance in accordance with Section 11-42-404 ; and

(ii)except as provided in Subsection (1)(b) , may not levy the assessment for a period longer than five years.

(b)A governing body may levy additional assessments to pay for economic promotion activities after the five-year period described in Subsection (1)(a)(ii) if the governing body:

(i)designates a new assessment area in accordance with Part 2, Designating an Assessment Area ;

(ii)adopts a new assessment resolution or ordinance in accordance with Section 11-42-404 ;

(iii)limits each additional assessment to a five-year period; and

(iv)complies with Subsections (1)(b)(i) through

(iii)for each additional assessment.

(2)If a local entity designates an assessment area for economic promotion activities, the local entity:

(a)shall spend on economic promotion activities at least 70% of the money generated from an assessment levied in the assessment area and from improvement revenues;

(b)may not spend more than 30% of the money generated from the assessment levied in the assessment area and from improvement revenues on administrative costs, including salaries, benefits, rent, travel, and costs incidental to publications; and

(c)in accordance with Subsection

(3), shall publish a detailed report including the following:

(i)an account of money deposited into the assessment fund described in Section 11-42-412 ;

(ii)an account of expenditures from the fund described in Section 11-42-412 ; and

(iii)a detailed account of whether each expenditure described in Subsection (2)(c)(ii) was made for economic promotion activities described in Subsection (2)(a) or for administrative costs described in Subsection (2)(b) .

(3)A local entity shall publish a report required in Subsection (2)(c) :

(a)on:

(i)if available, the local entity's public web site; and

(ii)if the local entity is not a county or municipality, on the public web site of any county or municipality in which the local entity has jurisdiction;

(i)within one year after the day on which the local entity adopts a new assessment resolution or ordinance for economic promotion activities; and

(ii)each subsequent year that the economic promotion activities levy is assessed by updating the information described in Subsection (2)(c) ; and

(c)for six months on a web site described in Subsection (3)(a) after the day on which the report is initially published under Subsection (3)(b) or updated under Subsection (3)(b)(ii) .

Amended by Chapter 396 , 2015 General Session