Current through the 2024 Fourth Special Session
Section 63N-3-1402 - Project area(1) A local government may, according to the requirements and procedures of this part, create a project area for the use of revenue authorized under Section 59-12-402.5, which revenue shall be used only for the allowed purposes under Section 63N-3-1403.(2) A project area created under this part shall:(a) be located entirely within the boundaries of the local government;(b) be no greater than 100 acres in area;(c) be roughly centered around, and include the entire property footprint of a currently existing qualified stadium;(d) include the entire property footprint of any qualified stadium that is planned to be built;(f) have boundaries that are reasonably compact in relation to their distance from the currently existing qualified stadium.Added by Chapter 436, 2024 General Session ,§ 3, eff. 5/1/2024.