Section 63N-3-1408 - [Effective Until 7/1/2025] Revitalization Zone Committee - Duties - Reporting requirements of local government - Executive Appropriations Committee(1) The Revitalization Zone Committee shall have the following duties:(a) to approve or reject an endorsed project area and an endorsed project participation agreement according to the procedures and requirements of Section 63N-3-1306;(b) to review reports that are issued by a local government in accordance with Subsection (2);(c) to review the financial activities of a local government and project participants in relation to a project area; and(d) to make recommendations to the Legislature regarding a project area and participation agreement, requirements or procedures related to a project area, taxes or public funds, or other matters relating to a project area or participation agreement.(2) A local government shall, after giving final approval to an application under Section 63N-3-1306. and each six months thereafter, or upon a request of the committee, provide a report to the committee that contains:(a) a summary of the projects and uses that are currently underway or planned in relation to the project area;(b) if not previously provided, or if modified, a copy of the project area and participation agreement;(c) a detailed accounting of: (i) all public funds collected within the project area since the last report;(ii) all public funds provided to each project participant since the last report; and(iii) all public funds committed or spent, and a description of their use, since the last report;(d) the projected budget and time line for each project or use that is currently underway or planned in relation to the project area; and(e) an accounting or a detailed summary of the financial impact of the project area on the state and its residents.(3) At the discretion of the Executive Appropriations Committee of the Legislature, the local government and the Revitalization Zone Committee shall provide an in-person report to the Executive Appropriations Committee:(a) at least once per calendar year, that shall contain at least the following information: (i) a summary of the projects and uses that are currently underway or planned in relation to the project area;(ii) a detailed accounting of: (A) all public funds collected within the project area since the last report;(B) all public funds provided to each project participant since the last report; and(C) all public funds committed or spent, and a description of their use, since the last report;(iii) the projected budget and time line for each project or use that is currently underway or planned in relation to the project area;(iv) an accounting or a detailed summary of the financial impact of the project area on the state and its residents:(v) any recommendations or requests from the local government; and(vi) any recommendations or requests form the Revitalization Zone Committee;(b) after the local government provides a proposed project area and proposed participation agreement under Section 63N-3-1305; and(c) after the local government gives final approval to an application under Section 63N-3-1306.Added by Chapter 436, 2024 General Session ,§ 9, eff. 5/1/2024.This section is set out more than once due to postponed, multiple, or conflicting amendments.