63H-1-405. Project area budget.
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Effective 3/28/2020
63H-1-405. Project area budget.
(1)Before the authority may receive or use the property tax allocation, the authority board shall prepare and adopt a project area budget.
(2)The authority board may amend an adopted project area budget as and when the authority board considers it appropriate.
(3)If the authority adopts a budget under Part 7, Authority Budget and Reports , that also meets the requirements of this part, the authority need not separately adopt a budget under this part.
Amended by Chapter 282 , 2020 General Session