63L-12-101. Definitions.

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

Effective 7/1/2025

As used in this chapter:

(1)"Governmental entity" means:

(a)an agency, as that term is defined in Section 63G-10-102 ;

(b)the School and Institutional Trust Lands Administration created in Section 53C-1-201 ;

(c)the School and Institutional Trust Lands Board of Trustees created in Section 53C-1-202 ; or

(d)a political subdivision, as that term is defined in Section 63L-11-102 .

(2)"Grant" means:

(a)to convey, in whole or in part, with or without consideration; and

(b)to contract or partner with an entity for the development of moderate income housing.

(3)"Moderate income housing" means a dwelling that is:

(a)offered for sale to an owner-occupier at a purchase price affordable to a household with a gross income of no more than 120% of the area median income for the county in which the residential unit is offered for sale and is deed restricted for no fewer than five years; or

(b)offered for rent at a rental price affordable to a household with a gross income of no more than 80% of the area median income for the county in which the residential unit is offered for rent.

(4)"Municipality" means the same as that term is defined in Section 10-1-104 .

(5)"Owner-occupier" means an individual who owns, solely or jointly, a housing unit in which the individual lives as the individual's primary residence.

Amended by Chapter 391 , 2025 General Session