17C-5-205.
338 words·~2 min read·
/ut/title-17c/chapter-5/17c-5-205·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/3/2023
17C-5-205. Interlocal agreement to provide project area funds for the community reinvestment project area subject to interlocal agreement -- Notice -- Effective date of interlocal agreement -- Time to contest interlocal agreement -- Availability of interlocal agreement.
(1)An agency shall:
(a)approve and adopt an interlocal agreement described in Section 17C-5-204 at an open and public meeting; and
(b)provide a notice of the meeting titled "Diversion of Property Tax for a Community Reinvestment Project Area."
(a)Upon the execution of an interlocal agreement described in Section 17C-5-204 , the agency shall provide notice of the execution by publishing the notice for the agency's jurisdiction, as a class A notice under Section 63G-30-102 , for 30 days.
(b)A notice described in Subsection (2)(a) shall include:
(i)a summary of the interlocal agreement; and
(ii)a statement that the interlocal agreement:
(A)is available for public inspection and the hours for inspection; and
(B)authorizes the agency to receive all or a portion of a taxing entity's tax increment or sales and use tax revenue.
(3)An interlocal agreement described in Section 17C-5-204 is effective at the end of the 30-day period described in Subsection (2)(a) .
(a)Within 30 days after the day on which the interlocal agreement is effective, a person may contest the interlocal agreement or the procedure used to adopt the interlocal agreement if the interlocal agreement or procedure fails to comply with a provision of this title.
(b)After the 30-day period described in Subsection (4)(a) expires, a person may not contest:
(i)the interlocal agreement;
(ii)a distribution of tax increment to the agency under the interlocal agreement; or
(iii)the agency's use of project area funds under the interlocal agreement.
(5)A taxing entity that enters into an interlocal agreement under Section 17C-5-204 shall make a copy of the interlocal agreement available to the public at the taxing entity's office for inspection and copying during normal business hours.
Amended by Chapter 435 , 2023 General Session