Utah Code § 17C-5-205

Current through the 2024 Fourth Special Session

Section 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."

(2)

(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).

(4)

(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.

Utah Code § 17C-5-205

Amended by Chapter 435, 2023 General Session ,§ 125, eff. 5/3/2023.

Amended by Chapter 345, 2021 General Session ,§ 90, eff. 7/1/2021.

Amended by Chapter 84, 2021 General Session ,§ 84, eff. 5/5/2021.

Amended by Chapter 376, 2019 General Session ,§ 35, eff. 5/14/2019.

Added by Chapter 350, 2016 General Session ,§ 137, eff. 5/10/2016.