63H-1-503. Use of municipal services revenue.
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63H-1-503. Use of municipal services revenue.
(1)The authority may use municipal services revenue to pay for:
(a)administrative, overhead, legal, and other operating expenses of the authority; and
(b)municipal services within the project area from which the revenue was collected.
(2)Unless otherwise provided by agreement between the authority and each county and municipality levying a property tax on property within a project area, the authority shall distribute any remaining municipal services revenue equally among all counties and municipalities that levy a property tax on property within a project area.
Enacted by Chapter 92 , 2009 General Session