Utah Code § 11-58-805

Current through the 2024 Fourth Special Session
Section 11-58-805 - Audit report
(1) The authority shall, within 180 days after the end of the authority's fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the authority collects property tax differential.
(2) Each audit report under Subsection (1) shall include:
(a) the property tax differential collected by the authority;
(b) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the authority's projects; and
(c) the actual amount expended for:
(i) acquisition of property;
(ii) site improvements or site preparation costs;
(iii) installation of public utilities or other public improvements; and
(iv) administrative costs of the authority.

Utah Code § 11-58-805

Added by Chapter 179, 2018 General Session ,§ 36, eff. 3/16/2018.