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S.B. 196

             1     

REVISIONS TO REDEVELOPMENT AGENCY

             2     
PROVISIONS

             3     
2006 GENERAL SESSION

             4     
STATE OF UTAH

             5     
Chief Sponsor: Curtis S. Bramble

             6     
House Sponsor: John Dougall

             7     
             8      LONG TITLE
             9      General Description:
             10          This bill modifies and reorganizes provisions relating to redevelopment agencies.
             11      Highlighted Provisions:
             12          This bill:
             13          .    rewrites and reorganizes redevelopment agency provisions and repeals and amends
             14      existing provisions, repeals some provisions, and enacts some provisions;
             15          .    changes terminology from redevelopment agency to community development and
             16      renewal agency;
             17          .    eliminates education housing development as one of the types of projects that an
             18      agency may undertake;
             19          .    authorizes agencies to undertake community development;
             20          .    modifies some definitions and adds new definitions that are applicable to
             21      community development and renewal agencies;
             22          .    provides that actions taken under community development and renewal statutory
             23      provisions are not subject to land use statutory provisions;
             24          .    authorizes an agency to change its name;
             25          .    authorizes a county, city, or town to authorize an agency to conduct activities in a
             26      project area that includes an area within the boundaries of the county, city, or town;
             27          .    eliminates a notice requirement before a public entity may become obligated to


             28      make required improvements in connection with a project area plan;
             29          .    clarifies that a public entity's grant or contribution of funds to an agency is not
             30      subject to provisions relating to municipal appropriations and acquisitions and
             31      disposals of property;
             32          .    modifies publication of notice requirements relating to the sale or other disposition
             33      of agency property;
             34          .    authorizes agencies to receive and use sales tax from other taxing entities, in
             35      addition to tax increment;
             36          .    authorizes an agency undertaking a community development project to negotiate
             37      with other taxing entities and to receive tax increment and sales tax revenues from
             38      those other entities as those other entities agree;
             39          .    modifies the applicability of a requirement to create a taxing entity committee so
             40      that it applies only to redevelopment and economic development projects;
             41          .    modifies the number of taxing entity committee members needed for the committee
             42      to take action;
             43          .    authorizes an agency to call a meeting of the taxing entity committee and imposes
             44      requirements on the notice that must be sent to do so;
             45          .    prohibits a taxing entity committee from voting on a proposed redevelopment or
             46      economic development budget or budget amendment at the first meeting to consider
             47      the budget or amendment unless all members present consent;
             48          .    prohibits a second meeting on a budget or budget amendment from being within a
             49      certain number of days after the first meeting;
             50          .    requires a taxing entity committee to meet annually;
             51          .    replaces the county assessor with the county auditor in a provision requiring a
             52      written report to the taxing entity committee;
             53          .    enacts language allowing additional tax increment to be used under a pre-July 1,
             54      1993 project area plan for a convention center or sports complex if construction of
             55      the center or complex has begun before June 30, 2002;
             56          .    provides that an agency may, in a budget adopted after the effective date of this bill,
             57      provide for the agency to be paid any amount of tax increment and for any period of
             58      time, subject to taxing entity committee approval;


             59          .    modifies limitations on the use of tax increment involving the development of retail
             60      sales;
             61          .    provides for the permissible uses of sales tax received by an agency;
             62          .    modifies a prohibition against using tax increment for a stadium or arena;
             63          .    modifies a provision allowing an agency to pay agency funds to other taxing entities
             64      to allow a taxing entity to withhold its portion of tax increment used to pay other
             65      taxing entities if the agency does not pay all taxing entities proportionally equal
             66      amounts;
             67          .    requires the value of property with respect to which a taxing entity receives taxes or
             68      increased taxes for the first time to be counted as new growth;
             69          .    repeals provisions relating to relocation plans for families and persons displaced
             70      from a project area;
             71          .    shortens the time for a person to contest a project area plan or budget;
             72          .    eliminates a provision prohibiting implementation of a project area plan after three
             73      years unless the plan is readopted;
             74          .    modifies provisions relating to a challenge of a finding of blight;
             75          .    modifies provisions relating to an amendment of a project area plan;
             76          .    narrows a provision prohibiting the adoption of a budget that exceeds certain limits
             77      to apply to only redevelopment projects;
             78          .    modifies a provision relating to the waiver of a requirement that a percentage of tax
             79      increment funds be used for housing;
             80          .    modifies a provision defining blight;
             81          .    modifies the requirements applicable to a blight study;
             82          .    modifies the standards that apply to a district court review of a finding of blight;
             83          .    modifies the hearings required for a redevelopment and economic development
             84      project;
             85          .    modifies the class of property owners to which notice is required to be given;
             86          .    modifies provisions relating to notice that an agency is required to provide;
             87          .    establishes separate provisions for redevelopment, economic development, and
             88      community development with respect to plan adoption, requirements, and
             89      amendments;


             90          .    repeals provisions relating to property owner participation in development in a
             91      project area;
             92          .    repeals a provision limiting the size of a project area;
             93          .    repeals a provision requiring the preparation of a statement of property owner
             94      rights;
             95          .    repeals a provision prohibiting an agency from acquiring property on which an
             96      existing building is to be continued on its present site and in its present form unless
             97      certain conditions are met; and
             98          .    makes technical changes.
             99      Monies Appropriated in this Bill:
             100          None
             101      Other Special Clauses:
             102          None
             103      Utah Code Sections Affected:
             104      ENACTS:
             105          17C-1-104, Utah Code Annotated 1953
             106          17C-1-405, Utah Code Annotated 1953
             107          17C-1-406, Utah Code Annotated 1953
             108          17C-1-607, Utah Code Annotated 1953
             109          17C-3-101, Utah Code Annotated 1953
             110          17C-3-102, Utah Code Annotated 1953
             111          17C-3-103, Utah Code Annotated 1953
             112          17C-3-104, Utah Code Annotated 1953
             113          17C-3-105, Utah Code Annotated 1953
             114          17C-3-106, Utah Code Annotated 1953
             115          17C-3-107, Utah Code Annotated 1953
             116          17C-3-108, Utah Code Annotated 1953
             117          17C-3-109, Utah Code Annotated 1953
             118          17C-3-201, Utah Code Annotated 1953
             119          17C-3-202, Utah Code Annotated 1953
             120          17C-3-203, Utah Code Annotated 1953


             121          17C-3-204, Utah Code Annotated 1953
             122          17C-3-205, Utah Code Annotated 1953
             123          17C-3-301, Utah Code Annotated 1953
             124          17C-3-302, Utah Code Annotated 1953
             125          17C-3-303, Utah Code Annotated 1953
             126          17C-3-401, Utah Code Annotated 1953
             127          17C-3-402, Utah Code Annotated 1953
             128          17C-3-403, Utah Code Annotated 1953
             129          17C-3-404, Utah Code Annotated 1953
             130          17C-4-101, Utah Code Annotated 1953
             131          17C-4-102, Utah Code Annotated 1953
             132          17C-4-103, Utah Code Annotated 1953
             133          17C-4-104, Utah Code Annotated 1953
             134          17C-4-105, Utah Code Annotated 1953
             135          17C-4-106, Utah Code Annotated 1953
             136          17C-4-107, Utah Code Annotated 1953
             137          17C-4-108, Utah Code Annotated 1953
             138          17C-4-201, Utah Code Annotated 1953
             139          17C-4-202, Utah Code Annotated 1953
             140          17C-4-203, Utah Code Annotated 1953
             141          17C-4-204, Utah Code Annotated 1953
             142          17C-4-301, Utah Code Annotated 1953
             143          17C-4-302, Utah Code Annotated 1953
             144          17C-4-401, Utah Code Annotated 1953
             145          17C-4-402, Utah Code Annotated 1953
             146      RENUMBERS AND AMENDS:
             147          17C-1-101, (Renumbered from 17B-4-101, as enacted by Chapter 133, Laws of Utah
             148      2001)
             149          17C-1-102, (Renumbered from 17B-4-102, as last amended by Chapter 292, Laws of
             150      Utah 2005)
             151          17C-1-103, (Renumbered from 17B-4-105, as last amended by Chapter 292, Laws of


             152      Utah 2005)
             153          17C-1-201, (Renumbered from 17B-4-201, as last amended by Chapter 233, Laws of
             154      Utah 2005)
             155          17C-1-202, (Renumbered from 17B-4-202, as last amended by Chapter 292, Laws of
             156      Utah 2005)
             157          17C-1-203, (Renumbered from 17B-4-203, as enacted by Chapter 133, Laws of Utah
             158      2001)
             159          17C-1-204, (Renumbered from 17B-4-204, as enacted by Chapter 133, Laws of Utah
             160      2001)
             161          17C-1-205, (Renumbered from 17B-4-205, as enacted by Chapter 133, Laws of Utah
             162      2001)
             163          17C-1-206, (Renumbered from 17B-4-206, as last amended by Chapter 292, Laws of
             164      Utah 2005)
             165          17C-1-207, (Renumbered from 17B-4-103, as enacted by Chapter 133, Laws of Utah
             166      2001)
             167          17C-1-208, (Renumbered from 17B-4-104, as enacted by Chapter 133, Laws of Utah
             168      2001)
             169          17C-1-301, (Renumbered from 17B-4-301, as enacted by Chapter 133, Laws of Utah
             170      2001)
             171          17C-1-302, (Renumbered from 17B-4-302, as last amended by Chapter 205, Laws of
             172      Utah 2002)
             173          17C-1-303, (Renumbered from 17B-4-303, as enacted by Chapter 133, Laws of Utah
             174      2001)
             175          17C-1-401, (Renumbered from 17B-4-1001, as last amended by Chapter 205, Laws of
             176      Utah 2002)
             177          17C-1-402, (Renumbered from 17B-4-1002, as last amended by Chapter 292, Laws of
             178      Utah 2005)
             179          17C-1-403, (Renumbered from 17B-4-1003, as last amended by Chapter 292, Laws of
             180      Utah 2005)
             181          17C-1-404, (Renumbered from 17B-4-1004, as last amended by Chapter 292, Laws of
             182      Utah 2005)


             183          17C-1-407, (Renumbered from 17B-4-1005, as last amended by Chapter 292, Laws of
             184      Utah 2005)
             185          17C-1-408, (Renumbered from 17B-4-1006, as enacted by Chapter 133, Laws of Utah
             186      2001)
             187          17C-1-409, (Renumbered from 17B-4-1007, as last amended by Chapter 292, Laws of
             188      Utah 2005)
             189          17C-1-410, (Renumbered from 17B-4-1008, as enacted by Chapter 133, Laws of Utah
             190      2001)
             191          17C-1-411, (Renumbered from 17B-4-1009, as enacted by Chapter 133, Laws of Utah
             192      2001)
             193          17C-1-412, (Renumbered from 17B-4-1010, as last amended by Chapters 185 and 205,
             194      Laws of Utah 2002)
             195          17C-1-413, (Renumbered from 17B-4-1011, as enacted by Chapter 133, Laws of Utah
             196      2001)
             197          17C-1-501, (Renumbered from 17B-4-1201, as enacted by Chapter 133, Laws of Utah
             198      2001)
             199          17C-1-502, (Renumbered from 17B-4-1202, as enacted by Chapter 133, Laws of Utah
             200      2001)
             201          17C-1-503, (Renumbered from 17B-4-1203, as enacted by Chapter 133, Laws of Utah
             202      2001)
             203          17C-1-504, (Renumbered from 17B-4-1204, as last amended by Chapter 105, Laws of
             204      Utah 2005)
             205          17C-1-505, (Renumbered from 17B-4-1205, as enacted by Chapter 133, Laws of Utah
             206      2001)
             207          17C-1-506, (Renumbered from 17B-4-1206, as enacted by Chapter 133, Laws of Utah
             208      2001)
             209          17C-1-507, (Renumbered from 17B-4-1207, as enacted by Chapter 133, Laws of Utah
             210      2001)
             211          17C-1-508, (Renumbered from 17B-4-1208, as enacted by Chapter 133, Laws of Utah
             212      2001)
             213          17C-1-601, (Renumbered from 17B-4-1301, as last amended by Chapter 37, Laws of


             214      Utah 2002)
             215          17C-1-602, (Renumbered from 17B-4-1302, as enacted by Chapter 133, Laws of Utah
             216      2001)
             217          17C-1-603, (Renumbered from 17B-4-1303, as last amended by Chapter 37, Laws of
             218      Utah 2002)
             219          17C-1-604, (Renumbered from 17B-4-1304, as last amended by Chapter 71, Laws of
             220      Utah 2005)
             221          17C-1-605, (Renumbered from 17B-4-1305, as enacted by Chapter 133, Laws of Utah
             222      2001)
             223          17C-1-606, (Renumbered from 17B-4-1306, as enacted by Chapter 133, Laws of Utah
             224      2001)
             225          17C-1-701, (Renumbered from 17B-4-1401, as last amended by Chapter 233, Laws of
             226      Utah 2005)
             227          17C-2-101, (Renumbered from 17B-4-401, as enacted by Chapter 133, Laws of Utah
             228      2001)
             229          17C-2-102, (Renumbered from 17B-4-402, as last amended by Chapters 254 and 292,
             230      Laws of Utah 2005)
             231          17C-2-103, (Renumbered from 17B-4-403, as last amended by Chapter 292, Laws of
             232      Utah 2005)
             233          17C-2-104, (Renumbered from 17B-4-405, as enacted by Chapter 133, Laws of Utah
             234      2001)
             235          17C-2-105, (Renumbered from 17B-4-406, as last amended by Chapter 205, Laws of
             236      Utah 2002)
             237          17C-2-106, (Renumbered from 17B-4-407, as last amended by Chapter 292, Laws of
             238      Utah 2005)
             239          17C-2-107, (Renumbered from 17B-4-408, as enacted by Chapter 133, Laws of Utah
             240      2001)
             241          17C-2-108, (Renumbered from 17B-4-409, as enacted by Chapter 133, Laws of Utah
             242      2001)
             243          17C-2-109, (Renumbered from 17B-4-410, as last amended by Chapter 233, Laws of
             244      Utah 2005)


             245          17C-2-110, (Renumbered from 17B-4-411, as last amended by Chapter 292, Laws of
             246      Utah 2005)
             247          17C-2-201, (Renumbered from 17B-4-501, as enacted by Chapter 133, Laws of Utah
             248      2001)
             249          17C-2-202, (Renumbered from 17B-4-503, as last amended by Chapter 165, Laws of
             250      Utah 2004)
             251          17C-2-203, (Renumbered from 17B-4-504, as last amended by Chapters 139 and 185,
             252      Laws of Utah 2002)
             253          17C-2-204, (Renumbered from 17B-4-505, as last amended by Chapter 185, Laws of
             254      Utah 2002)
             255          17C-2-205, (Renumbered from 17B-4-506, as last amended by Chapter 185, Laws of
             256      Utah 2002)
             257          17C-2-206, (Renumbered from 17B-4-507, as last amended by Chapter 292, Laws of
             258      Utah 2005)
             259          17C-2-301, (Renumbered from 17B-4-602, as last amended by Chapter 292, Laws of
             260      Utah 2005)
             261          17C-2-302, (Renumbered from 17B-4-603, as last amended by Chapter 292, Laws of
             262      Utah 2005)
             263          17C-2-303, (Renumbered from 17B-4-604, as last amended by Chapter 292, Laws of
             264      Utah 2005)
             265          17C-2-304, (Renumbered from 17B-4-605, as last amended by Chapter 292, Laws of
             266      Utah 2005)
             267          17C-2-401, (Renumbered from 17B-4-801, as enacted by Chapter 133, Laws of Utah
             268      2001)
             269          17C-2-402, (Renumbered from 17B-4-802, as last amended by Chapter 205, Laws of
             270      Utah 2002)
             271          17C-2-403, (Renumbered from 17B-4-705, as last amended by Chapter 205, Laws of
             272      Utah 2002)
             273          17C-2-501, (Renumbered from 17B-4-701, as enacted by Chapter 133, Laws of Utah
             274      2001)
             275          17C-2-502, (Renumbered from 17B-4-702, as last amended by Chapter 205, Laws of


             276      Utah 2002)
             277          17C-2-503, (Renumbered from 17B-4-703, as last amended by Chapter 205, Laws of
             278      Utah 2002)
             279          17C-2-504, (Renumbered from 17B-4-704, as enacted by Chapter 133, Laws of Utah
             280      2001)
             281          17C-2-505, (Renumbered from 17B-4-502, as enacted by Chapter 133, Laws of Utah
             282      2001)
             283      REPEALS:
             284          17B-4-404, as last amended by Chapter 256, Laws of Utah 2003
             285          17B-4-601, as last amended by Chapter 292, Laws of Utah 2005
             286          17B-4-901, as enacted by Chapter 133, Laws of Utah 2001
             287          17B-4-902, as enacted by Chapter 133, Laws of Utah 2001
             288          17B-4-1101, as last amended by Chapter 292, Laws of Utah 2005
             289          17B-4-1104, as enacted by Chapter 133, Laws of Utah 2001
             290     
             291      Be it enacted by the Legislature of the state of Utah:
             292          Section 1. Section 17C-1-101 , which is renumbered from Section 17B-4-101 is
             293      renumbered and amended to read:
             294     
TITLE 17C. LIMITED PURPOSE LOCAL GOVERNMENT ENTITIES -

             295     
COMMUNITY DEVELOPMENT AND RENEWAL AGENCIES

             296     
CHAPTER 1. GENERAL PROVISIONS

             297     
Part 1. Definitions and other general provisions

             298           [17B-4-101].     17C-1-101. Title.
             299          This [chapter] title is known as the ["Redevelopment Agencies Act."] "Limited Purpose
             300      Local Government Entities - Community Development and Renewal Agencies."
             301          Section 2. Section 17C-1-102 , which is renumbered from Section 17B-4-102 is
             302      renumbered and amended to read:
             303           [17B-4-102].     17C-1-102. Definitions.
             304          As used in this title:
             305          (1) "Adjusted tax increment" means:
             306          (a) for tax increment under a pre-July 1, 1993 project area plan, tax increment under


             307      Section 17C-1-403 , excluding tax increment under Subsection 17C-1-403 (3); and
             308          (b) for tax increment under a post-June 30, 1993 project area plan, tax increment under
             309      Section 17C-1-404 , excluding tax increment under Section 17C-1-406 .
             310          (2) "Affordable housing" means housing to be owned or occupied by persons and
             311      families of low or moderate income, as determined by resolution of the agency.
             312          [(1)] (3) "Agency" or "community development and renewal agency" means a separate
             313      body corporate and politic, created under Section [ 17B-4-201 ] 17C-1-201 or as a
             314      redevelopment agency under previous law, that is a political subdivision of the state, that is
             315      created to undertake or promote redevelopment, economic development, or [education
             316      housing] community development, or any combination of them, as provided in this [chapter]
             317      title, and whose geographic boundaries are coterminous with:
             318          (a) for an agency created by a county, the unincorporated area of the county; and
             319          (b) for an agency created by a city or town, the boundaries of the city or town.
             320          [(2) "Assessment property owner" or "assessment owner of property" means the owner
             321      of real property as shown on the assessment roll of the county in which the property is located,
             322      equalized as of the previous November 1.]
             323          (4) "Annual income" has the meaning as defined under regulations of the U.S.
             324      Department of Housing and Urban Development, 24 C.F.R. Sec. 5.609, as amended or as
             325      superseded by replacement regulations.
             326          [(3)] (5) "Assessment roll" has the meaning as defined in Section 59-2-102 .
             327          [(4)] (6) "Base taxable value" means the taxable value of the property within a project
             328      area from which tax increment will be collected, as shown upon the assessment roll last
             329      equalized before:
             330          (a) for a pre-July 1, 1993 project area plan, the effective date of the project area plan;
             331      or
             332          (b) for a post-June 30, 1993 project area plan:
             333          (i) the date of the taxing entity committee's approval of the first project area budget; or
             334          (ii) if no taxing entity committee approval is required for the project area budget, the
             335      later of:
             336          (A) the date the project area plan is adopted by the community legislative body; and
             337          (B) the date the agency adopts the first project area budget.


             338          (7) "Basic levy" means the portion of a school district's tax levy constituting the
             339      minimum basic levy under Section 59-2-902.
             340          [(5)] (8) "Blight" or "blighted" means the condition of an area that meets the
             341      requirements of Subsection [ 17B-4-604 ] 17C-2-303 (1).
             342          [(6)] (9) "Blight hearing" means a public hearing under Subsection [ 17B-4-601 ]
             343      17C-2-102 (1)[(c)] (a)(iii) and Section [ 17B-4-603 ] 17C-2-302 regarding the existence or
             344      nonexistence of blight within the proposed redevelopment project area.
             345          [(7)] (10) "Blight study" means a study to determine the existence or nonexistence of
             346      blight within a survey area as provided in Section [ 17B-4-602 ] 17C-2-301 .
             347          [(8)] (11) "Board" means the governing body of an agency, as provided in Section
             348      [ 17B-4-203 ] 17C-1-203 .
             349          [(9)] (12) "Budget hearing" means the public hearing on a draft project area budget
             350      required under Subsection [ 17B-4-501 ] 17C-2-201 (2)[(e)] (d) for a redevelopment project area
             351      budget or Subsection 17C-3-201(2)(d) for an economic development project area budget.
             352          (13) "Combined incremental value" means the combined total of all incremental values
             353      from all redevelopment project areas, except a military installation project area, within the
             354      agency's boundaries under adopted project area plans and adopted project area budgets at the
             355      time that a project area budget for a new redevelopment project area is being considered.
             356          [(10)] (14) "Community" means a county, city, or town.
             357          (15) "Community development" means development activities within a community,
             358      including the encouragement, promotion, or provision of development.
             359          [(11)] (16) "Economic development" means to promote the creation or retention of
             360      public or private jobs within the state through:
             361          (a) planning, design, development, construction, rehabilitation, business relocation, or
             362      any combination of these, within [part or all of a project area] a community; and
             363          (b) the provision of office, industrial, manufacturing, warehousing, distribution,
             364      parking, public, or other facilities, or other improvements that benefit the state or a community.
             365          [(12) "Education housing development" means the provision of high density housing
             366      within a project area that is adjacent to a public or private institution of higher education.]
             367          (17) "Fair share ratio" means the ratio derived by:
             368          (a) for a city or town, comparing the percentage of all housing units within the city or


             369      town that are publicly subsidized income targeted housing units to the percentage of all
             370      housing units within the whole county that are publicly subsidized income targeted housing
             371      units; or
             372          (b) for the unincorporated part of a county, comparing the percentage of all housing
             373      units within the unincorporated county that are publicly subsidized income targeted housing
             374      units to the percentage of all housing units within the whole county that are publicly subsidized
             375      income targeted housing units.
             376          (18) "Family" has the meaning as defined under regulations of the U.S. Department of
             377      Housing and Urban Development, 24 C.F.R. Section 5.403, as amended or as superseded by
             378      replacement regulations.
             379          (19) "Greenfield" means land not developed beyond agricultural or forestry use.
             380          (20) "Housing funds" means the funds allocated in a redevelopment project area budget
             381      under Section 17C-2-203 for the purposes provided in Subsection 17C-1-412 (1).
             382          (21) "Income targeted housing" means housing to be owned or occupied by a family
             383      whose annual income is at or below 80% of the median annual income for the county in which
             384      the housing is located.
             385          (22) "Incremental value" means a figure derived by multiplying the marginal value of
             386      the property located within a redevelopment project area on which tax increment is collected by
             387      a number that represents the percentage of adjusted tax increment from that project area that is
             388      paid to the agency.
             389          [(13)] (23) "Loan fund board" means the Olene Walker Housing Loan Fund Board,
             390      established under Title 9, Chapter 4, Part 7, Olene Walker Housing Loan Fund.
             391          (24) "Marginal value" means the difference between actual taxable value and base
             392      taxable value.
             393          (25) "Military installation project area" means a project area or a portion of a project
             394      area located within a federal military installation ordered closed by the federal Defense Base
             395      Realignment and Closure Commission.
             396          [(14)] (26) "Plan hearing" means the public hearing on a draft project area plan
             397      required under Subsection [ 17B-4-402 (1)(e)] 17C-2-102 (1)(a)(viii) for a redevelopment
             398      project area plan, Subsection 17C-3-102 (1)(d) for an economic development project area plan,
             399      and Subsection 17C-4-102 (1)(d) for a community development project area plan.


             400          [(15)] (27) "Post-June 30, 1993 project area plan" means a [redevelopment, economic
             401      development, or education housing development] project area plan adopted on or after July 1,
             402      1993, whether or not amended subsequent to its adoption.
             403          [(16)] (28) "Pre-July 1, 1993 project area plan" means a [redevelopment] project area
             404      plan adopted before July 1, 1993, whether or not amended subsequent to its adoption.
             405          [(17)] (29) "Private," with respect to real property, means:
             406          (a) not owned by the United States or any agency of the federal government, a public
             407      entity, or any other governmental entity; and
             408          (b) not dedicated to public use.
             409          [(18)] (30) "Project area" means the geographic area described in a project area plan or
             410      draft project area plan where the redevelopment, economic development, or [education
             411      housing] community development, as the case may be, set forth in the project area plan or draft
             412      project area plan takes place or is proposed to take place.
             413          [(19)] (31) "Project area budget" means a multiyear projection of annual or cumulative
             414      revenues and expenses and other fiscal matters pertaining to a redevelopment[,] or economic
             415      development[, or education housing development] project area that includes:
             416          (a) the base taxable value of property in the project area;
             417          (b) the projected tax increment expected to be generated within the project area;
             418          (c) the amount of tax increment expected to be shared with other taxing entities;
             419          (d) the amount of tax increment expected to be used to implement the project area plan,
             420      including the estimated amount of tax increment to be used for land acquisition, public
             421      improvements, infrastructure improvements, and loans, grants, or other incentives to private
             422      and public entities;
             423          (e) the tax increment expected to be used to cover the cost of administering the project
             424      area plan;
             425          (f) if the area from which tax increment is to be collected is less than the entire project
             426      area[,]:
             427          (i) the tax identification numbers of the parcels from which tax increment will be
             428      collected; or
             429          (ii) a legal description of the portion of the project area from which tax increment will
             430      be collected; and


             431          (g) for property that the agency owns and expects to sell, the expected total cost of the
             432      property to the agency and the expected selling price.
             433          [(20)] (32) "Project area plan" means a written plan under Part 4, Project Area Plan,
             434      that, after its effective date, guides and controls the redevelopment, economic development, or
             435      [education housing] community development activities within [the] a project area.
             436          [(21)] (33) "Property tax" includes privilege tax and each levy on an ad valorem basis
             437      on tangible or intangible personal or real property.
             438          [(22)] (34) "Public entity" means:
             439          (a) the state, including any of its departments or agencies; or
             440          (b) a political subdivision of the state, including a county, city, town, school district,
             441      special district, local district, or interlocal cooperation entity.
             442          [(23) "Public input hearing" means the public hearing required under Subsection
             443      17B-4-402 (1)(h)(ii) regarding a proposed redevelopment project.]
             444          (35) "Publicly owned infrastructure and improvements" means water, sewer, storm
             445      drainage, electrical, and other similar systems and lines, streets, roads, curb, gutter, sidewalk,
             446      walkways, parking facilities, public transportation facilities, and other facilities, infrastructure,
             447      and improvements benefitting the public and to be publicly owned or publicly maintained or
             448      operated.
             449          [(24)] (36) "Record property owner" or "record owner of property" means the owner of
             450      real property as shown on the records of the recorder of the county in which the property is
             451      located and includes a purchaser under a real estate contract if the contract is recorded in the
             452      office of the recorder of the county in which the property is located or the purchaser gives
             453      written notice of the real estate contract to the agency.
             454          [(25)] (37) "Redevelopment" means the development activities under a project area
             455      plan within a redevelopment project area, including:
             456          (a) planning, design, development, demolition, clearance, construction, rehabilitation,
             457      or any combination of these, of part or all of a project area;
             458          (b) the provision of residential, commercial, industrial, public, or other structures or
             459      spaces, including recreational and other facilities incidental or appurtenant to them;
             460          (c) altering, improving, modernizing, demolishing, reconstructing, or rehabilitating, or
             461      any combination of these, existing structures in a project area;


             462          (d) providing open space, including streets and other public grounds and space around
             463      buildings;
             464          (e) providing public or private buildings, infrastructure, structures, and improvements;
             465      and
             466          (f) providing improvements of public or private recreation areas and other public
             467      grounds.
             468          [(26)] (38) "Superfund site":
             469          (a) means an area included in the National Priorities List under the Comprehensive
             470      Environmental Response, Compensation, and Liability Act of 1980, 42 U.S.C. Sec. 9605; and
             471          (b) includes an area formerly included in the National Priorities List, as described in
             472      Subsection [(26)] (38)(a), but removed from the list following remediation that leaves on site
             473      the waste that caused the area to be included in the National Priorities List.
             474          [(27)] (39) "Survey area" means an area designated by a survey area resolution for
             475      study to determine whether one or more redevelopment projects within the area are feasible.
             476          [(28)] (40) "Survey area resolution" means a resolution adopted by the agency board
             477      under Subsection [ 17B-4-401 (1)(a)] 17C-2-101 (1)(a) designating a survey area.
             478          (41) "Taxable value" means the value of property as shown on the last equalized
             479      assessment roll as certified by the county assessor.
             480          [(29)] (42) (a) "Tax increment" means, except as provided in Subsection [(29)] (42)(b),
             481      the difference between:
             482          (i) the amount of property tax revenues generated each tax year by all taxing entities
             483      from the area within a project area designated in the project area plan as the area from which
             484      tax increment is to be collected, using the current assessed value of the property; and
             485          (ii) the amount of property tax revenues that would be generated from that same area
             486      using the base taxable value of the property.
             487          (b) "Tax increment" does not include taxes levied and collected under Section
             488      59-2-906.1 on or after January 1, 1994 upon the taxable property in the project area unless:
             489          (i) the project area plan was adopted before May 4, 1993, whether or not the project
             490      area plan was subsequently amended; and
             491          (ii) the taxes were pledged to support bond indebtedness or other contractual
             492      obligations of the agency.


             493          [(30)] (43) "Taxing entity" means a public entity that levies a tax on property within a
             494      [project area or proposed project area] community.
             495          [(31)] (44) "Taxing entity committee" means a committee representing the interests of
             496      taxing entities, created as provided in Section [ 17B-4-1002 ] 17C-1-402 .
             497          (45) "Unincorporated" means not within a city or town.
             498          Section 3. Section 17C-1-103 , which is renumbered from Section 17B-4-105 is
             499      renumbered and amended to read:
             500           [17B-4-105].     17C-1-103. Limitations on applicability of title --
             501      Amendment of previously adopted project area plan.
             502          (1) Nothing in this [chapter] title may be construed to:
             503          (a) impose a requirement or obligation on an agency, with respect to a project area plan
             504      adopted or an agency action taken, that was not imposed by the law in effect at the time the
             505      project area plan was adopted or the action taken;
             506          (b) prohibit an agency from taking an action that:
             507          (i) was allowed by the law in effect immediately before an applicable amendment to
             508      this [chapter] title;
             509          (ii) is permitted or required under the project area plan adopted before the amendment;
             510      and
             511          (iii) is not explicitly prohibited under this [chapter] title;
             512          (c) revive any right to challenge any action of the agency that had already expired; or
             513          (d) require a project area plan to contain a provision that was not required by the law in
             514      effect at the time the project area plan was adopted.
             515          (2) (a) A project area plan adopted before an amendment to this [chapter] title becomes
             516      effective may be amended as provided in this [chapter] title.
             517          (b) Unless explicitly prohibited by this [chapter] title, an amendment under Subsection
             518      (2)(a) may include a provision that is allowed under this [chapter] title but that was not
             519      required or allowed by the law in effect before the applicable amendment.
             520          Section 4. Section 17C-1-104 is enacted to read:
             521          17C-1-104. Actions not subject to land use laws.
             522          (1) An action taken under this title is not subject to Title 10, Chapter 9a, Municipal
             523      Land Use, Development, and Management Act or Title 17, Chapter 27a, County Land Use,


             524      Development, and Management Act.
             525          (2) An ordinance or resolution adopted under this title is not a land use ordinance as
             526      defined in Sections 10-9a-103 and 17-27a-103 .
             527          Section 5. Section 17C-1-201 , which is renumbered from Section 17B-4-201 is
             528      renumbered and amended to read:
             529     
Part 2. Agency Creation, Powers, and Board

             530           [17B-4-201].     17C-1-201. Creation of agency -- Notice to lieutenant
             531      governor.
             532          (1) Subject to Subsection (2), a community may, by ordinance adopted by its
             533      legislative body, create [an] a community development and renewal agency.
             534          (2) (a) Within ten days after adopting an ordinance under Subsection (1), the
             535      community legislative body shall file with the lieutenant governor a notice of the adoption of
             536      the ordinance, with a copy of the ordinance.
             537          (b) Upon the lieutenant governor's issuance of the certificate of creation under Section
             538      67-1a-6.5 , the agency is created and incorporated.
             539          (3) An agency may change its name, whether to indicate it is a community
             540      development and renewal agency or otherwise, by adopting a resolution setting forth its new
             541      name and filing the resolution with the lieutenant governor, the State Tax Commission, and the
             542      assessor of the county in which the agency is located.
             543          Section 6. Section 17C-1-202 , which is renumbered from Section 17B-4-202 is
             544      renumbered and amended to read:
             545           [17B-4-202].     17C-1-202. Agency powers.
             546          (1) [An] A community development and renewal agency may:
             547          (a) sue and be sued;
             548          (b) enter into contracts generally;
             549          (c) buy, obtain an option upon, or otherwise acquire any interest in real or personal
             550      property;
             551          (d) sell, convey, grant, dispose of by gift, or otherwise dispose of any interest in real or
             552      personal property;
             553          (e) enter into a lease agreement on real or personal property, either as lessee or lessor;
             554          (f) provide for redevelopment, economic development, and [education housing]


             555      community development as provided in this [chapter] title;
             556          (g) receive tax increment as provided in this [chapter] title;
             557          [(h) encourage the continued use of existing buildings in the project area;]
             558          [(i)] (h) if disposing of or leasing land, retain controls or establish restrictions and
             559      covenants running with the land consistent with the project area plan;
             560          [(j)] (i) accept financial or other assistance from any public or private source for the
             561      agency's activities, powers, and duties, and expend any funds so received for any of the
             562      purposes of this [chapter] title;
             563          [(k)] (j) borrow money or accept financial or other assistance from the federal
             564      government, a public entity, or any other source for any of the purposes of this [chapter] title
             565      and comply with any conditions of [such] the loan or assistance; [and]
             566          [(l)] (k) issue bonds to finance the undertaking of any redevelopment, economic
             567      development, or [education housing] community development or for any of the agency's other
             568      purposes, including:
             569          (i) reimbursing an advance made by the agency or by a public entity or the federal
             570      government to the agency;
             571          (ii) refunding bonds to pay or retire bonds previously issued by the agency; and
             572          (iii) refunding bonds to pay or retire bonds previously issued by the community that
             573      created the agency for expenses associated with a redevelopment, economic development, or
             574      [education housing] community development project; and
             575          [(m)] (l) transact other business and exercise all other powers provided for in this
             576      [chapter] title.
             577          (2) The establishment of controls or restrictions and covenants under Subsection
             578      (1)[(i)](h) is a public purpose.
             579          Section 7. Section 17C-1-203 , which is renumbered from Section 17B-4-203 is
             580      renumbered and amended to read:
             581           [17B-4-203].     17C-1-203. Agency board -- Quorum.
             582          (1) The governing body of an agency is a board consisting of the current members of
             583      the legislative body of the community that created the agency.
             584          (2) A majority of board members constitutes a quorum for the transaction of agency
             585      business.


             586          (3) An agency board may not adopt a resolution, pass a motion, or take any other
             587      official board action without the concurrence of at least a majority of the board members
             588      present at a meeting at which a quorum is present.
             589          Section 8. Section 17C-1-204 , which is renumbered from Section 17B-4-204 is
             590      renumbered and amended to read:
             591           [17B-4-204].     17C-1-204. Redevelopment, economic development,
             592      community development by an adjoining agency -- Requirements.
             593          (1) An agency or community may, by resolution of its board or legislative body,
             594      respectively, authorize [another] an agency to conduct redevelopment, economic development,
             595      or [education housing] community development activities in a project area that includes an area
             596      within the authorizing agency's boundaries or within the boundaries of the authorizing
             597      community if the project area or community is contiguous to the boundaries of the other
             598      agency.
             599          (2) If an agency board or community legislative body adopts a resolution under
             600      Subsection (1) authorizing another agency to undertake redevelopment, economic
             601      development, or [education housing] community development activities in the authorizing
             602      agency's project area or within the boundaries of the authorizing community:
             603          (a) the other agency may act in all respects as if the project area were within its own
             604      boundaries;
             605          (b) the board of the other agency has all the rights, powers, and privileges with respect
             606      to the project area as if it were within its own boundaries; and
             607          (c) the other agency may be paid tax increment funds to the same extent as if the
             608      project area were within its own boundaries.
             609          (3) Each project area plan approved by the other agency for the project area that is the
             610      subject of a resolution under Subsection (1) shall be[: (a) reviewed by the planning
             611      commission of the community in which the project area is located; and (b)] adopted by
             612      ordinance of the legislative body of the community in which the project area is located.
             613          Section 9. Section 17C-1-205 , which is renumbered from Section 17B-4-205 is
             614      renumbered and amended to read:
             615           [17B-4-205].     17C-1-205. Change of project area from one community to
             616      another.


             617          (1) For purposes of this section:
             618          (a) "New agency" means the agency created by the new community.
             619          (b) "New community" means the community in which the relocated project area is
             620      located after the change in community boundaries takes place.
             621          (c) "Original agency" means the agency created by the original community.
             622          (d) "Original community" means the community that adopted the project area plan that
             623      created the project area that has been relocated.
             624          (e) "Relocated" means that a project area under a project area plan adopted by the
             625      original community has ceased to be located within that community and has become part of a
             626      new community because of a change in community boundaries through:
             627          (i) a county or municipal annexation;
             628          (ii) the creation of a new county;
             629          (iii) a municipal incorporation, consolidation, dissolution, or boundary adjustment; or
             630          (iv) any other action resulting in a change in community boundaries.
             631          (2) If a project area under a project area plan adopted by a community becomes
             632      relocated, the project area shall, for purposes of this [chapter] title, be considered to remain in
             633      the original community until:
             634          (a) the new community has created an agency;
             635          (b) the original agency has transferred or assigned to the new agency the original
             636      agency's real property, rights, indebtedness, obligations, tax increment, and other assets and
             637      liabilities related to the relocated project area; [and]
             638          (c) the new agency by resolution approves the original agency's project area plan as the
             639      project area plan of the new agency; and
             640          (d) the new community by ordinance adopts the project area plan that was approved by
             641      the new agency.
             642          Section 10. Section 17C-1-206 , which is renumbered from Section 17B-4-206 is
             643      renumbered and amended to read:
             644           [17B-4-206].     17C-1-206. Use of eminent domain prohibited -- Exception.
             645          [(1) An agency may not acquire property or an interest in property from an agency
             646      board member or officer unless:]
             647          [(a) the board member or officer consents; and]


             648          [(b) the agency uses eminent domain.]
             649          (1) Except as provided in Subsection (2), an agency may not use eminent domain to
             650      acquire property.
             651          (2) An agency may use eminent domain to acquire any interest in property that is
             652      owned by an agency board member or officer and located within a [redevelopment, economic
             653      development, or education housing development] project area, if the board member or officer
             654      consents.
             655          Section 11. Section 17C-1-207 , which is renumbered from Section 17B-4-103 is
             656      renumbered and amended to read:
             657           [17B-4-103].     17C-1-207. Public entities may assist with redevelopment,
             658      economic development, or community development project.
             659          (1) In order to assist and cooperate in the planning, undertaking, construction, or
             660      operation of a redevelopment, economic development, or [education housing] community
             661      development project located within the area in which it is authorized to act, a public entity
             662      may:
             663          (a) (i) cause to be furnished adjacent to or in connection with a redevelopment,
             664      economic development, or [education housing] community development project:
             665          (A) parks, playgrounds, or other recreational facilities;
             666          (B) community, educational, water, sewer, or drainage facilities; or
             667          (C) any other works which the public entity is otherwise empowered to undertake;
             668          (ii) furnish, dedicate, close, vacate, pave, install, grade, regrade, plan, or replan streets,
             669      roads, roadways, alleys, sidewalks, or other places [over which it has authority];
             670          (iii) plan or replan, zone or rezone any part of a project area and make any legal
             671      exceptions from building regulations and ordinances;
             672          (iv) purchase or legally invest in any of the bonds of an agency and exercise all of the
             673      rights of any holder of the bonds;
             674          (v) enter into an agreement with another public entity concerning action to be taken
             675      pursuant to any of the powers granted in [this chapter; and] these chapters;
             676          (vi) do any and all things necessary to aid or cooperate in the planning or carrying out
             677      of a redevelopment, economic development, or [education housing] community development
             678      project; [and]


             679          (vii) in connection with the project area plan, become obligated to the extent
             680      authorized and funds have been made available to make required improvements or construct
             681      required structures; and
             682          (viii) lend, grant, or contribute funds to an agency for a redevelopment, economic
             683      development, or community development project; and
             684          (b) [after] 15 days after posting public notice:
             685          (i) [(A)] purchase or otherwise acquire property or lease property from an agency; or
             686          [(B)] (ii) sell, grant, convey, or otherwise dispose of the public entity's property or
             687      lease the public entity's property to an agency[;].
             688          [(ii) in connection with the project area plan, become obligated to the extent authorized
             689      and funds have been made available to make required improvements or construct required
             690      structures; and]
             691          [(iii) lend, grant, or contribute funds to an agency for a redevelopment, economic
             692      development, or education housing development project.]
             693          (2) Notwithstanding any law to the contrary, an agreement under Subsection (1)(a)(v)
             694      may extend over any period.
             695          (3) A grant or contribution of funds from a public entity to an agency is not subject to
             696      the requirements of Section 10-8-2 .
             697          Section 12. Section 17C-1-208 , which is renumbered from Section 17B-4-104 is
             698      renumbered and amended to read:
             699           [17B-4-104].     17C-1-208. Agency funds to be accounted for separately
             700      from community funds.
             701          Agency funds shall be accounted for separately from the funds of the community that
             702      created the agency.
             703          Section 13. Section 17C-1-301 , which is renumbered from Section 17B-4-301 is
             704      renumbered and amended to read:
             705     
Part 3. Agency property

             706           [17B-4-301].     17C-1-301. Agency property exempt from taxation --
             707      Exception.
             708          (1) Agency property acquired or held for purposes of this [chapter] title is declared to
             709      be public property used for essential public and governmental purposes and, subject to


             710      Subsection (2), is exempt from all taxes of a public entity.
             711          (2) The exemption in Subsection (1) does not apply to property that the agency leases
             712      to a lessee that is not entitled to a tax exemption with respect to the property.
             713          Section 14. Section 17C-1-302 , which is renumbered from Section 17B-4-302 is
             714      renumbered and amended to read:
             715           [17B-4-302].     17C-1-302. Agency property exempt from levy and execution
             716      sale -- Judgment against community or agency.
             717          (1) (a) All agency property, including funds the agency owns or holds for purposes of
             718      this [chapter] title, [are] is exempt from levy and execution sale, and no execution or judicial
             719      process may issue against agency property. A judgment against an agency may not be a charge
             720      or lien upon agency property.
             721          (b) Subsection (1)(a) does not apply to or limit the right of obligees to pursue any
             722      remedies for the enforcement of any pledge or lien given by an agency on its funds or revenues.
             723          (2) A judgment against the community that created the agency may not be a charge or
             724      lien upon agency property.
             725          (3) A judgment against an agency may not be a charge or lien upon property of the
             726      community that created the agency.
             727          Section 15. Section 17C-1-303 , which is renumbered from Section 17B-4-303 is
             728      renumbered and amended to read:
             729           [17B-4-303].     17C-1-303. Summary of sale or other disposition of agency
             730      property -- Publication of summary.
             731          (1) Upon the agency's sale, conveyance, grant, or other disposition of real property, the
             732      agency shall prepare a summary of the material provisions of the disposition.
             733          (2) Each summary under Subsection (1) shall be a matter of public record.
             734          (3) The agency shall [publish each summary under Subsection (1) at least once in a
             735      newspaper of general circulation in the agency's boundaries], no later than one month after the
             736      disposition is concluded:
             737          (a) publish each summary under Subsection (1) at least once in a newspaper of general
             738      circulation in the agency's boundaries; or
             739          (b) if there is no newspaper of general circulation, post the summary in three
             740      conspicuous places within the agency's boundaries.


             741          Section 16. Section 17C-1-401 , which is renumbered from Section 17B-4-1001 is
             742      renumbered and amended to read:
             743     
Part 4. Tax Increment

             744           [17B-4-1001].     17C-1-401. Agency receipt and use of tax increment and
             745      sales tax -- Distribution of tax increment and sales tax.
             746          (1) An agency may receive and use tax increment and sales tax, as provided in this
             747      part.
             748          (2) (a) The applicable length of time or number of years for which an agency is to be
             749      paid tax increment or sales tax under this part shall be measured:
             750          (i) for a pre-July 1, 1993 project area plan, from the first tax year regarding which the
             751      agency accepts tax increment from the project area; [or]
             752          (ii) for a post-June 30, 1993 redevelopment or economic development project area
             753      plan, from the first tax year for which the agency [is to receive] receives tax increment [as
             754      shown in] under the project area budget[.]; or
             755          (iii) for a community development project area plan, as indicated in the resolution or
             756      interlocal agreement of a taxing entity that establishes the agency's right to receive tax
             757      increment or sales tax.
             758          (b) Tax increment may not be paid to an agency for a tax year prior to the tax year
             759      following:
             760          (i) for a redevelopment or economic development project area plan, the effective date
             761      of the project area plan[.]; and
             762          (ii) for a community development project area plan, the effective date of the interlocal
             763      agreement that establishes the agency's right to receive tax increment.
             764          (3) With respect to a community development project area plan, a taxing entity may, by
             765      resolution or through interlocal agreement, authorize an agency to be paid any or all of that
             766      taxing entity's tax increment or sales tax for any period of time.
             767          [(3)] (4) With the written consent of a taxing entity, an agency may be paid tax
             768      increment, from that taxing entity's tax revenues only, in a higher percentage or for a longer
             769      period of time, or both, than otherwise authorized under this [chapter] title.
             770          [(4)] (5) Each county that collects property tax on property within a project area shall
             771      pay and distribute to the agency the tax increment that the agency is entitled to collect under


             772      this [chapter] title, in the manner and at the time provided in Section 59-2-1365 .
             773          Section 17. Section 17C-1-402 , which is renumbered from Section 17B-4-1002 is
             774      renumbered and amended to read:
             775           [17B-4-1002].     17C-1-402. Taxing entity committee.
             776          (1) Each agency that adopts or proposes to adopt a post-June 30, 1993 redevelopment
             777      or economic development project area plan shall, and any other agency may, cause a taxing
             778      entity committee to be created.
             779          (2) (a) (i) Each taxing entity committee shall be composed of:
             780          (A) two school district representatives appointed as provided in Subsection (2)(a)(ii);
             781          (B) (I) in a county of the second, third, fourth, fifth, or sixth class, two representatives
             782      appointed by resolution of the legislative body of the county in which the agency is located; or
             783          (II) in a county of the first class, one representative appointed by the county executive
             784      and one representative appointed by the legislative body of the county in which the agency is
             785      located;
             786          (C) if the agency was created by a city or town, two representatives appointed by
             787      resolution of the legislative body of that city or town;
             788          (D) one representative appointed by the State Board of Education; and
             789          (E) one representative selected by majority vote of the legislative bodies or governing
             790      boards of all other taxing entities that levy a tax on property within the agency's boundaries, to
             791      represent the interests of those taxing entities on the taxing entity committee.
             792          (ii) (A) If the agency boundaries include only one school district, that school district
             793      shall appoint the two school district representatives under Subsection (2)(a)(i)(A).
             794          (B) If the agency boundaries include more than one school district, those school
             795      districts shall jointly appoint the two school district representatives under Subsection
             796      (2)(a)(i)(A).
             797          (b) (i) Each taxing entity committee representative under Subsection (2)(a) shall be
             798      appointed within 30 days after the agency provides notice of the creation of the taxing entity
             799      committee.
             800          (ii) If a representative is not appointed within the time required under Subsection
             801      (2)(b)(i), the agency board may appoint a person to serve on the taxing entity committee in the
             802      place of the missing representative until that representative is appointed.


             803          (c) (i) A taxing entity committee representative may be appointed for a set term or
             804      period of time, as determined by the appointing authority under Subsection (2)(a)(i).
             805          (ii) Each taxing entity committee representative shall serve until a successor is
             806      appointed and qualified.
             807          (d) (i) Upon the appointment of each representative under Subsection (2)(a)(i), whether
             808      an initial appointment or an appointment to replace an already serving representative, the
             809      appointing authority shall:
             810          (A) notify the agency in writing of the name and address of the newly appointed
             811      representative; and
             812          (B) provide the agency a copy of the resolution making the appointment or, if the
             813      appointment is not made by resolution, other evidence of the appointment.
             814          (ii) Each appointing authority of a taxing entity committee representative under
             815      Subsection (2)(a)(i) shall notify the agency in writing of any change of address of a
             816      representative appointed by that appointing authority.
             817          (3) A taxing entity committee represents all taxing entities regarding a redevelopment
             818      or economic development project area and may:
             819          (a) cast votes that will be binding on all taxing entities;
             820          (b) negotiate with the agency concerning a draft project area plan;
             821          (c) approve or disapprove a project area budget as provided in Section [ 17B-4-505 ]
             822      17C-2-204 for a redevelopment project area budget and Section 17C-3-203 for an economic
             823      development project area budget;
             824          (d) approve or disapprove amendments to a project area budget as provided in Section
             825      [ 17B-4-507 ] 17C-2-206 for a redevelopment project area budget and Section 17C-3-205 for an
             826      economic development project area budget;
             827          (e) approve exceptions to the limits on the value and size of a project area imposed
             828      under this chapter;
             829          (f) approve exceptions to the percentage of tax increment and the period of time that
             830      tax increment is paid to the agency as provided in this [part] chapter;
             831          (g) approve the use of tax increment for [access and utilities] publicly owned
             832      infrastructure and improvements outside of a redevelopment or economic development project
             833      area that the agency and community legislative body determine to be of benefit to the


             834      redevelopment or economic development project area, as provided in Subsection
             835      [ 17B-4-1007 (1)(a)(ii)(D)] 17C-1-409 (1)(a)(iii)(D);
             836          (h) waive the restrictions imposed by Subsection [ 17B-4-503 (2)(a)] 17C-2-202 (1); and
             837          (i) give other taxing entity committee approval or consent required or allowed under
             838      this [chapter] title.
             839          (4) A quorum of a taxing entity committee consists of:
             840          [(a) except as provided in Subsection (4)(b):]
             841          [(i)] (a) if the redevelopment or economic development project area is located within a
             842      city or town, [five] six members; or
             843          [(ii)] (b) if the redevelopment or economic development project area is not located
             844      within a city or town, four members[; or].
             845          [(b) for an education housing development project area as to which the school district
             846      has elected under Subsection 17B-4-1004 (5) not to allow the agency to be paid tax increment
             847      from school district tax revenues:]
             848          [(i) if the project area is located within a city or town, three members; or]
             849          [(ii) if the project area is not located within a city or town, two members.]
             850          (5) Taxing entity committee approval, consent, or other action requires the affirmative
             851      vote of [a majority of a quorum present at a taxing entity committee meeting.]:
             852          (a) six members, if the project area is located within a city or town; or
             853          (b) four members, if the project area is not located within a city or town.
             854          (6) (a) An agency may call a meeting of the taxing entity committee by sending written
             855      notice to the members of the taxing entity committee at least ten days before the date of the
             856      meeting.
             857          (b) Each notice under Subsection (6)(a) shall be accompanied by:
             858          (i) the proposed agenda for the taxing entity committee meeting; and
             859          (ii) if not previously provided and if they exist and are to be considered at the meeting:
             860          (A) the redevelopment or economic development project area plan or proposed plan;
             861          (B) the redevelopment or economic development project area budget or proposed
             862      budget;
             863          (C) the analysis required under Subsection 17C-2-103 (2) or 17C-3-103 (2);
             864          (D) the blight study;


             865          (E) the agency's resolution making a finding of blight under Subsection
             866      17C-2-102 (1)(a)(iv)(B); and
             867          (F) other documents to be considered by the taxing entity committee at the meeting.
             868          (7) (a) A taxing entity committee may not vote on a proposed redevelopment or
             869      economic development project area budget or proposed amendment to a redevelopment or
             870      economic development project area budget at the first meeting at which the proposed budget or
             871      amendment is considered unless all members of the taxing entity committee present at the
             872      meeting consent.
             873          (b) A second taxing entity committee meeting to consider a redevelopment or
             874      economic development project area budget or a proposed amendment to a redevelopment or
             875      economic development project area budget may not be held within 14 days after the first
             876      meeting unless all members of the taxing entity committee present at the first meeting consent.
             877          (8) Each taxing entity committee shall meet at least annually during the time that the
             878      agency receives tax increment under a redevelopment or economic development project area
             879      budget in order to review the status of the project area.
             880          [(6)] (9) Each taxing entity committee shall be governed by Title 52, Chapter 4, Open
             881      and Public Meetings.
             882          [(7)] (10) Each time a school district representative or a representative of the State
             883      Board of Education votes as a member of a taxing entity committee to allow an agency to be
             884      paid tax increment or to increase the amount or length of time that an agency may be paid tax
             885      increment, that representative shall, within 45 days after the vote, provide to the
             886      representative's respective school board an explanation in writing of the representative's vote
             887      and the reasons for the vote.
             888          [(8)] (11) (a) The [assessor] auditor of each county in which the agency is located shall
             889      provide a written report to the taxing entity committee stating, with respect to property within
             890      each redevelopment and economic development project area:
             891          (i) the base taxable value, as adjusted by any adjustments under Section[ 17B-4-1006]
             892      17C-1-408 ; and
             893          (ii) the assessed value.
             894          (b) With respect to the information required under Subsection [(8)] (11)(a), the
             895      [assessor] auditor shall provide:


             896          (i) actual amounts for each year from the adoption of the redevelopment and economic
             897      development project area plan to the time of the report; and
             898          (ii) estimated amounts for each year beginning the year after the time of the report and
             899      ending the time that the agency expects no longer to be paid tax increment from property
             900      within the redevelopment and economic development project area.
             901          (c) The [assessor] auditor of the county in which the agency is located shall provide a
             902      report under this Subsection [(8)] (11):
             903          (i) at least annually; and
             904          (ii) upon request of the taxing entity committee, before a taxing entity committee
             905      meeting at which the committee will consider whether to allow the agency to be paid tax
             906      increment or to increase the amount of tax increment that the agency may be paid or the length
             907      of time that the agency may be paid tax increment.
             908          (12) This section does not apply to a community development project area plan.
             909          Section 18. Section 17C-1-403 , which is renumbered from Section 17B-4-1003 is
             910      renumbered and amended to read:
             911           [17B-4-1003].     17C-1-403. Tax increment under a pre-July 1, 1993 project
             912      area plan.
             913          (1) This section applies to tax increment under a pre-July 1, 1993 project area plan
             914      only.
             915          (2) (a) Beginning with the first tax year after April 1, 1983 for which an agency accepts
             916      tax increment, an agency may be paid:
             917          (i) (A) for the first through the fifth tax years, 100% of tax increment;
             918          (B) for the sixth through the tenth tax years, 80% of tax increment;
             919          (C) for the eleventh through the fifteenth tax years, 75% of tax increment;
             920          (D) for the sixteenth through the twentieth tax years, 70% of tax increment; and
             921          (E) for the twenty-first through the twenty-fifth tax years, 60% of tax increment; or
             922          (ii) for an agency that has caused a taxing entity committee to be created under
             923      Subsection [ 17B-4-1002 ] 17C-1-402 (1), any percentage of tax increment up to 100% and for
             924      any length of time that the taxing entity committee approves.
             925          (b) Notwithstanding any other provision of this section:
             926          (i) an agency may be paid 100% of tax increment from a project area for 32 years after


             927      April 1, 1983 to pay principal and interest on agency indebtedness incurred before April 1,
             928      1983, even though the size of the project area from which tax increment is paid to the agency
             929      exceeds 100 acres of privately owned property under a project area plan adopted on or before
             930      April 1, 1983; and
             931          (ii) for up to 32 years after April 1, 1983, an agency debt incurred before April 1, 1983
             932      may be refinanced and paid from 100% of tax increment if the principal amount of the debt is
             933      not increased in the refinancing.
             934          (3) (a) For purposes of this Subsection (3), "additional tax increment" means the
             935      difference between 100% of tax increment for a tax year and the amount of tax increment an
             936      agency is paid for that tax year under the percentages and time periods specified in Subsection
             937      (2)(a).
             938          (b) Notwithstanding the tax increment percentages and time periods in Subsection
             939      (2)(a) [and Subsection 17B-4-403 (1)(m)(i)], an agency may be paid additional tax increment
             940      for a period ending 32 years after the first tax year after April 1, 1983 for which the agency
             941      receives tax increment from the project area if:
             942          (i) (A) the additional tax increment is used solely to pay all or part of the value of the
             943      land for and the cost of the installation and construction of a publicly or privately owned
             944      convention center or sports complex or any building, facility, structure, or other improvement
             945      related to the convention center or sports complex, including parking and infrastructure
             946      improvements;
             947          (B) construction of the convention center or sports complex or related building,
             948      facility, structure, or other improvement is commenced on or before June 30, 2002;
             949          (C) the additional tax increment is pledged to pay all or part of the value of the land for
             950      and the cost of the installation and construction of the convention center or sports complex or
             951      related building, facility, structure, or other improvement; and
             952          (D) the agency board and the community legislative body have determined by
             953      resolution that the convention center or sports complex is:
             954          (I) within and a benefit to a project area;
             955          (II) not within but still a benefit to a project area; or
             956          (III) within a project area in which substantially all of the land is publicly owned and a
             957      benefit to the community; or


             958          [(i)] (ii) (A) the additional tax increment is used to pay some or all of the cost of the
             959      land for and installation and construction of a recreational facility, as defined in Section
             960      59-12-702 , or a cultural facility, including parking and infrastructure improvements related to
             961      the recreational or cultural facility, whether or not the facility is located within a project area;
             962          [(ii)] (B) construction of the recreational or cultural facility is commenced on or before
             963      December 31, 2005; and
             964          [(iii)] (C) the additional tax increment is pledged on or before July 1, 2005, to pay all
             965      or part of the cost of the land for and the installation and construction of the recreational or
             966      cultural facility, including parking and infrastructure improvements related to the recreational
             967      or cultural facility.
             968          (c) Notwithstanding Subsection (3)(b)(ii), a school district may not, without its
             969      consent, be paid less tax increment because of application of Subsection (3)(b)(ii) than it would
             970      have been paid without that subsection.
             971          (4) Notwithstanding any other provision of this section, an agency may use tax
             972      increment received under Subsection (2) for any of the uses indicated in Subsection (3).
             973          Section 19. Section 17C-1-404 , which is renumbered from Section 17B-4-1004 is
             974      renumbered and amended to read:
             975           [17B-4-1004].     17C-1-404. Tax increment under a post-June 30, 1993
             976      project area plan.
             977          (1) This section applies to tax increment under a post-June 30, 1993 project area plan
             978      adopted before May 1, 2006, only.
             979          (2) An agency board may provide in the project area budget for the agency to be paid:
             980          (a) if 20% of the project area budget is allocated for housing under Section
             981      [ 17B-4-504 ] 17C-2-203 :
             982          (i) 100% of annual tax increment for 15 years;
             983          (ii) 75% of annual tax increment for 24 years; or
             984          (iii) if approved by the taxing entity committee, any percentage of tax increment up to
             985      100%, or any specified dollar amount, for any period of time; or
             986          (b) if 20% of the project area budget is not allocated for housing under Section
             987      [ 17B-4-504 ] 17C-2-203 :
             988          (i) 100% of annual tax increment for 12 years;


             989          (ii) 75% of annual tax increment for 20 years; or
             990          (iii) if approved by the taxing entity committee, any percentage of tax increment up to
             991      100%, or any specified dollar amount, for any period of time.
             992          [(3) (a) An agency may, without the approval of the taxing entity committee, elect to be
             993      paid 100% of annual tax increment for each year beyond the periods specified in Subsection (2)
             994      to a maximum of 25 years, including the years the agency is paid tax increment under
             995      Subsection (2), if:]
             996          [(i) for an agency in a city in which is located all or a portion of an interchange on I-15
             997      or that would directly benefit from an interchange on I-15:]
             998          [(A) the tax increment paid to the agency during the additional years is used to pay
             999      some or all of the cost of the installation, construction, or reconstruction of:]
             1000          [(I) an interchange on I-15, whether or not the interchange is located within a project
             1001      area; or]
             1002          [(II) frontage and other roads connecting to the interchange, as determined by the
             1003      Department of Transportation created under Section 72-1-201 and the Transportation
             1004      Commission created under Section 72-1-301 , whether or not the frontage or other road is
             1005      located within a project area; and]
             1006          [(B) the installation, construction, or reconstruction of the interchange or frontage and
             1007      other roads has begun on or before June 30, 2002;]
             1008          [(ii) for an agency in a city of the first or second class:]
             1009          [(A) the tax increment paid to the agency during the additional years is used to pay
             1010      some or all of the cost of the land for and installation and construction of a recreational facility,
             1011      as defined in Section 59-12-702 , or a cultural facility, including parking and infrastructure
             1012      improvements related to the recreational or cultural facility, whether or not the facility is
             1013      located within a project area; and]
             1014          [(B) the installation or construction of the recreational or cultural facility has begun on
             1015      or before June 30, 2002.]
             1016          [(b) Notwithstanding any other provision of this section, an agency may use tax
             1017      increment received under Subsection (2) for any of the uses indicated in this Subsection (3).]
             1018          [(c) Notwithstanding Subsection (3)(a), a school district may not, without its consent,
             1019      receive less tax increment because of application of Subsection (3)(a) than it would have


             1020      received without that subsection.]
             1021          [(4) An agency may not be paid tax increment from the project area for more than 25
             1022      years.]
             1023          [(5) (a) A school district that levies a tax on property located within a project area
             1024      under an education housing development project area plan may elect not to allow the agency to
             1025      be paid tax increment from the property tax revenues generated by the school district.]
             1026          [(b) An election under Subsection (5)(a) shall be made in writing to the agency before
             1027      the taxing entity committee's approval of the project area budget.]
             1028          [(c) If a school district makes an election under this Subsection (5):]
             1029          [(i) the agency may not be paid tax increment from property tax revenues generated by
             1030      the school district; and]
             1031          [(ii) the school district representatives and the State Board of Education representative
             1032      on the taxing entity committee may not vote on any matter concerning the education housing
             1033      development project area or project area budget.]
             1034          Section 20. Section 17C-1-405 is enacted to read:
             1035          17C-1-405. Tax increment under a project area plan adopted on or after May 1,
             1036      2006.
             1037          (1) This section applies to tax increment under a project area plan adopted on or after
             1038      May 1, 2006.
             1039          (2) Subject to the approval of the taxing entity committee, an agency board may
             1040      provide in the project area budget for the agency to be paid any percentage of tax increment up
             1041      to 100% or any specified dollar amount of tax increment for any period of time.
             1042          Section 21. Section 17C-1-406 is enacted to read:
             1043          17C-1-406. Additional tax increment under certain post-June 30, 1993 project
             1044      area plans.
             1045          (1) This section applies to a post-June 30, 1993 project area plan adopted before May
             1046      1, 2006.
             1047          (2) An agency may, without the approval of the taxing entity committee, elect to be
             1048      paid 100% of annual tax increment for each year beyond the periods specified in Subsection
             1049      17C-1-404 (2) to a maximum of 25 years, including the years the agency is paid tax increment
             1050      under Subsection 17C-1-404 (2), if:


             1051          (a) for an agency in a city in which is located all or a portion of an interchange on I-15
             1052      or that would directly benefit from an interchange on I-15:
             1053          (i) the tax increment paid to the agency during the additional years is used to pay some
             1054      or all of the cost of the installation, construction, or reconstruction of:
             1055          (A) an interchange on I-15, whether or not the interchange is located within a project
             1056      area; or
             1057          (B) frontage and other roads connecting to the interchange, as determined by the
             1058      Department of Transportation created under Section 72-1-201 and the Transportation
             1059      Commission created under Section 72-1-301 , whether or not the frontage or other road is
             1060      located within a project area; and
             1061          (ii) the installation, construction, or reconstruction of the interchange or frontage and
             1062      other roads has begun on or before June 30, 2002; or
             1063          (b) for an agency in a city of the first or second class:
             1064          (i) the tax increment paid to the agency during the additional years is used to pay some
             1065      or all of the cost of the land for and installation and construction of a recreational facility, as
             1066      defined in Section 59-12-702 , or a cultural facility, including parking and infrastructure
             1067      improvements related to the recreational or cultural facility, whether or not the facility is
             1068      located within a project area; and
             1069          (ii) the installation or construction of the recreational or cultural facility has begun on
             1070      or before June 30, 2002.
             1071          (3) Notwithstanding any other provision of this section, an agency may use tax
             1072      increment received under Subsection 17C-1-404 (2) for any of the uses indicated in this section.
             1073          (4) Notwithstanding Subsection (2), a school district may not, without its consent,
             1074      receive less tax increment because of application of Subsection (2) than it would have received
             1075      without that subsection.
             1076          Section 22. Section 17C-1-407 , which is renumbered from Section 17B-4-1005 is
             1077      renumbered and amended to read:
             1078           [17B-4-1005].     17C-1-407. Limitations on tax increment.
             1079          (1) (a) If the development of retail sales of goods is the primary objective of [the] a
             1080      redevelopment project area, tax increment from the redevelopment project area may not be paid
             1081      to or used by an agency unless a finding of blight is made under Chapter 2, Part [6] 3, Blight


             1082      Determination in Redevelopment Project Areas.
             1083          (b) [Incidental or subordinate development] Development of retail sales of goods does
             1084      not disqualify an agency from receiving tax increment.
             1085          (c) [From] After July 1, 2005 [through June 30, 2006], an agency may not be paid or
             1086      use tax increment generated from the value of property within an economic development [or
             1087      education housing development] project area that is attributable to the development of retail
             1088      sales of goods, unless the tax increment was previously pledged to pay for bonds or other
             1089      contractual obligations of the agency.
             1090          (2) (a) An agency may not be paid any portion of a taxing entity's taxes resulting from
             1091      an increase in the taxing entity's tax rate that occurs after the taxing entity committee approves
             1092      the project area budget unless, at the time the taxing entity committee approves the project area
             1093      budget, the taxing entity committee approves payment of those increased taxes to the agency.
             1094          (b) If the taxing entity committee does not approve of payment of the increased taxes to
             1095      the agency under Subsection (2)(a), the county shall distribute to the taxing entity the taxes
             1096      attributable to the tax rate increase in the same manner as other property taxes.
             1097          Section 23. Section 17C-1-408 , which is renumbered from Section 17B-4-1006 is
             1098      renumbered and amended to read:
             1099           [17B-4-1006].     17C-1-408. Base taxable value to be adjusted to reflect other
             1100      changes.
             1101          (1) (a) (i) As used in this Subsection (1), "qualifying decrease" means:
             1102          (A) a decrease of more than 20% from the previous tax year's levy; or
             1103          (B) a cumulative decrease over a consecutive five-year period of more than 100% from
             1104      the levy in effect at the beginning of the five-year period.
             1105          (ii) The year in which a qualifying decrease under Subsection (1)(a)(i)(B) occurs is the
             1106      fifth year of the five-year period.
             1107          (b) If there is a qualifying decrease in the minimum basic school levy under Section
             1108      59-2-902 that would result in a reduction of the amount of tax increment to be paid to an
             1109      agency:
             1110          (i) the base taxable value of taxable property within the project area shall be reduced in
             1111      the year of the qualifying decrease to the extent necessary, even if below zero, to provide the
             1112      agency with approximately the same amount of tax increment that would have been paid to the


             1113      agency each year had the qualifying decrease not occurred; and
             1114          (ii) the amount of tax increment paid to the agency each year for the payment of bonds
             1115      and indebtedness may not be less than what would have been paid to the agency if there had
             1116      been no qualifying decrease.
             1117          (2) (a) The amount of the base taxable value to be used in determining tax increment
             1118      shall be:
             1119          (i) increased or decreased by the amount of an increase or decrease that results from:
             1120          (A) a statute enacted by the Legislature or by the people through an initiative;
             1121          (B) a judicial decision;
             1122          (C) an order from the State Tax Commission to a county to adjust or factor its
             1123      assessment rate under Subsection 59-2-704 (2);
             1124          (D) a change in exemption provided in Utah Constitution Article XIII, Section 2, or
             1125      Section 59-2-103 ; or
             1126          (E) an increase or decrease in the percentage of fair market value, as defined under
             1127      Section 59-2-102 ; and
             1128          (ii) reduced for any year to the extent necessary, even if below zero, to provide an
             1129      agency with approximately the same amount of money the agency would have received without
             1130      a reduction in the county's certified tax rate if:
             1131          (A) in that year there is a decrease in the county's certified tax rate under Subsection
             1132      59-2-924 (2)(c) or (d)(i);
             1133          (B) the amount of the decrease is more than 20% of the county's certified tax rate of the
             1134      previous year; and
             1135          (C) the decrease would result in a reduction of the amount of tax increment to be paid
             1136      to the agency.
             1137          (b) Notwithstanding an increase or decrease under Subsection (2)(a), the amount of tax
             1138      increment paid to an agency each year for payment of bonds or other indebtedness may not be
             1139      less than would have been paid to the agency each year if there had been no increase or
             1140      decrease under Subsection (2)(a).
             1141          Section 24. Section 17C-1-409 , which is renumbered from Section 17B-4-1007 is
             1142      renumbered and amended to read:
             1143           [17B-4-1007].     17C-1-409. Allowable uses of tax increment and sales tax.


             1144          (1) (a) An agency may use tax increment and sales tax proceeds received from a taxing
             1145      entity:
             1146          (i) for any of the purposes for which the use of tax increment is authorized under this
             1147      [chapter] title;
             1148          (ii) for administrative, overhead, legal, and other operating expenses of the agency; or
             1149          [(ii)] (iii) to pay for, including financing or refinancing, all or part of:
             1150          (A) the redevelopment, economic development, or [education housing] community
             1151      development in the project area from which the tax increment funds were collected;
             1152          (B) housing expenditures, projects, or programs as provided in Section [ 17B-4-1009 ]
             1153      17C-1-411 or [ 17B-4-1010 ] 17C-1-412 ;
             1154          (C) with the consent of the community legislative body and subject to Subsection [(3)]
             1155      (6), the value of the land for and the cost of the installation and construction of any publicly
             1156      owned building, facility, structure, landscaping, or other improvement within the project area
             1157      from which the tax increment funds were collected; and
             1158          (D) with the consent of the community legislative body and the taxing entity
             1159      committee, the cost of the installation of publicly owned [utilities and access] infrastructure
             1160      and improvements outside the project area from which the tax increment funds were collected
             1161      if the agency board and the community legislative body determine by resolution that the
             1162      [utilities and access] publicly owned infrastructure and improvements are of benefit to the
             1163      project area[; or].
             1164          [(iii) for administrative, overhead, legal, and other operating expenses of the agency.]
             1165          (b) The determination of the agency board and the community legislative body under
             1166      Subsection (1)(a)[(ii)](iii)(D) regarding benefit to the project area shall be final and conclusive.
             1167          (2) Sales tax proceeds that an agency receives from another public entity are not
             1168      subject to the prohibition or limitations of Title 11, Chapter 41, Prohibition on Sales and Use
             1169      Tax Incentive Payments Act.
             1170          (3) An agency may use sales tax proceeds it receives under a resolution or interlocal
             1171      agreement under Section 17C-4-201 for the uses authorized in the resolution or interlocal
             1172      agreement.
             1173          [(2)] (4) (a) An agency may contract with the community that created the agency or
             1174      another public entity to use tax increment to reimburse the cost of items authorized by this


             1175      [chapter] title to be paid by the agency that have been or will be paid by the community or
             1176      other public entity.
             1177          (b) If land has been or will be acquired or the cost of an improvement has been or will
             1178      be paid by another public entity and the land or improvement has been or will be leased to the
             1179      community, an agency may contract with and make reimbursement from tax increment funds to
             1180      the community.
             1181          (5) An agency created by a city of the first or second class may use tax increment from
             1182      one project area in another project area to pay all or part of the value of the land for and the
             1183      cost of the installation and construction of a publicly or privately owned convention center or
             1184      sports complex or any building, facility, structure, or other improvement related to the
             1185      convention center or sports complex, including parking and infrastructure improvements, if:
             1186          (a) construction of the convention center or sports complex or related building, facility,
             1187      structure, or other improvement is commenced on or before June 30, 2002; and
             1188          (b) the tax increment is pledged to pay all or part of the value of the land for and the
             1189      cost of the installation and construction of the convention center or sports complex or related
             1190      building, facility, structure, or other improvement.
             1191          [(3)] (6) Notwithstanding any other provision of this [chapter] title, an agency may not
             1192      use tax increment to construct municipal buildings, courts or other judicial buildings, or fire
             1193      stations.
             1194          [(4)] (7) Notwithstanding any other provision of this [chapter] title, an agency may not
             1195      use tax increment under a redevelopment or economic development project area plan, to pay
             1196      any of the cost of the land, infrastructure, or construction of a stadium or arena constructed
             1197      after March 1, 2005, unless the tax increment has been pledged for that purpose before
             1198      February 15, 2005.
             1199          Section 25. Section 17C-1-410 , which is renumbered from Section 17B-4-1008 is
             1200      renumbered and amended to read:
             1201           [17B-4-1008].     17C-1-410. Agency may make payments to other taxing
             1202      entities.
             1203          (1) [An] Subject to Subsection (3), an agency may grant tax increment or other agency
             1204      funds to a taxing entity to offset some or all of the tax revenues that the taxing entity did not
             1205      receive because of tax increment paid to the agency.


             1206          (2) (a) [An] Subject to Subsection (3), an agency may use tax increment or other
             1207      agency funds to pay to a school district an amount of money that the agency determines to be
             1208      appropriate to alleviate a financial burden or detriment borne by the school district because of
             1209      the redevelopment, economic development, or [education housing] community development.
             1210          (b) Each agency that agrees to pay money to a school district under the authority of
             1211      Subsection (2)(a) shall provide a copy of that agreement to the State Board of Education.
             1212          (3) (a) If an agency intends to pay agency funds to one or more taxing entities under
             1213      Subsection (1) or (2) but does not intend to pay funds to all taxing entities in proportionally
             1214      equal amounts, the agency shall provide written notice to each taxing entity of its intent.
             1215          (b) (i) A taxing entity receiving notice under Subsection (3)(a) may elect not to have its
             1216      tax increment collected and used to pay funds to other taxing entities under this section.
             1217          (ii) Each election under Subsection (3)(b)(i) shall be:
             1218          (A) in writing; and
             1219          (B) delivered to the agency within 30 days after the taxing entity's receipt of the notice
             1220      under Subsection (3)(a).
             1221          (c) If a taxing entity makes an election under Subsection (3)(b), the portion of that
             1222      taxing entity's tax increment that would have been used by the agency to pay funds under this
             1223      section to one or more other taxing entities may not be collected from the taxing entity.
             1224          Section 26. Section 17C-1-411 , which is renumbered from Section 17B-4-1009 is
             1225      renumbered and amended to read:
             1226           [17B-4-1009].     17C-1-411. Agency may use tax increment for housing costs
             1227      in other project areas -- Funds to be held in separate accounts.
             1228          [(1) For purposes of this section, "affordable housing" means housing to be owned or
             1229      occupied by persons and families of low or moderate income, as determined by resolution of
             1230      the agency.]
             1231          [(2)] (1) An agency may:
             1232          (a) use tax increment from a project area to pay all or part of the value of the land for
             1233      and the cost of installation, construction, and rehabilitation of any building, facility, structure,
             1234      or other housing improvement, including infrastructure improvements related to housing,
             1235      located in any project area within the agency's boundaries; and
             1236          (b) use up to 20% of tax increment outside of project areas for the purpose of replacing


             1237      housing units lost by redevelopment, economic development, or [education housing]
             1238      community development, or increasing, improving, and preserving generally the affordable
             1239      housing supply of the community that created the agency.
             1240          [(3)] (2) (a) Each agency shall separately account for funds allocated under this section.
             1241          (b) Interest earned by the housing fund and any payments or repayments made to the
             1242      agency for loans, advances, or grants of any kind from the fund, shall accrue to the housing
             1243      fund.
             1244          (c) Each agency designating a housing fund under this section shall use the fund for:
             1245          (i) the purposes set forth in this section; or
             1246          (ii) the purposes set forth in this [chapter] title relating to the redevelopment, economic
             1247      development, or [education housing] community development project area from which the
             1248      funds originated.
             1249          [(4)] (3) An agency may lend, grant, or contribute funds from the housing fund to a
             1250      person, public entity, housing authority, private entity or business, or nonprofit corporation for
             1251      affordable housing.
             1252          Section 27. Section 17C-1-412 , which is renumbered from Section 17B-4-1010 is
             1253      renumbered and amended to read:
             1254           [17B-4-1010].     17C-1-412. Income targeted housing -- Agency may use tax
             1255      increment for income targeted housing.
             1256          [(1) As used in this section:]
             1257          [(a) "Annual income" has the meaning as defined under regulations of the U.S.
             1258      Department of Housing and Urban Development, 24 CFR, Part 813, as amended or as
             1259      superseded by replacement regulations.]
             1260          [(b) "Fair share ratio" means the ratio derived by:]
             1261          [(i) for a city or town, comparing the percentage of all housing units within the city or
             1262      town that are publicly subsidized income targeted housing units to the percentage of all
             1263      housing units within the whole county that are publicly subsidized income targeted housing
             1264      units; or]
             1265          [(ii) for the unincorporated part of a county, comparing the percentage of all housing
             1266      units within the unincorporated county that are publicly subsidized income targeted housing
             1267      units to the percentage of all housing units within the whole county that are publicly subsidized


             1268      income targeted housing units.]
             1269          [(c) "Family" has the meaning as defined under regulations of the U.S. Department of
             1270      Housing and Urban Development, 24 CFR, Part 813, as amended or as superseded by
             1271      replacement regulations.]
             1272          [(d) "Housing funds" means the funds allocated in the project area budget under
             1273      Section 17B-4-504 for the purposes provided in Subsection (2).]
             1274          [(e) "Income targeted housing" means housing to be owned or occupied by a family
             1275      whose annual income is at or below 80% of the median annual income for the county in which
             1276      the housing is located.]
             1277          [(f) "Unincorporated" means not within a city or town.]
             1278          [(2)] (1) (a) Each agency shall use all funds allocated for housing under this section to:
             1279          (i) pay part or all of the cost of land or construction of income targeted housing within
             1280      the community that created the agency, if practicable in a mixed income development or area;
             1281          (ii) pay part or all of the cost of rehabilitation of income targeted housing within the
             1282      community that created the agency;
             1283          (iii) pay part or all of the cost of land or installation, construction, or rehabilitation of
             1284      any building, facility, structure, or other housing improvement, including infrastructure
             1285      improvements, related to housing located in a project area where blight has been found to exist;
             1286          (iv) replace housing units lost as a result of the redevelopment, economic development,
             1287      or [education housing] community development;
             1288          (v) make payments on or establish a reserve fund for bonds:
             1289          (A) issued by the agency, the community, or the housing authority that provides
             1290      income targeted housing within the community; and
             1291          (B) all or part of the proceeds of which are used within the community for the purposes
             1292      stated in Subsection [(2)] (1)(a)(i), (ii), (iii), or (iv); or
             1293          (vi) if the community's fair share ratio at the time of the first adoption of the project
             1294      area budget is at least 1.1 to 1.0, make payments on bonds:
             1295          (A) that were previously issued by the agency, the community, or the housing authority
             1296      that provides income targeted housing within the community; and
             1297          (B) all or part of the proceeds of which were used within the community for the
             1298      purposes stated in Subsection [(2)] (1)(a)(i), (ii), (iii), or (iv).


             1299          (b) As an alternative to the requirements of Subsection [(2)] (1)(a), an agency may pay
             1300      all or any portion of housing funds to:
             1301          (i) the community for use as provided under Subsection [(2)] (1)(a);
             1302          (ii) the housing authority that provides income targeted housing within the community
             1303      for use in providing income targeted housing within the community; or
             1304          (iii) the Olene Walker Housing Loan Fund, established under Title 9, Chapter 4, Part 7,
             1305      Olene Walker Housing Loan Fund, for use in providing income targeted housing within the
             1306      community.
             1307          [(3)] (2) The agency or community shall separately account for the housing funds,
             1308      together with all interest earned by the housing funds and all payments or repayments for loans,
             1309      advances, or grants from the housing funds.
             1310          [(4)] (3) In using housing funds under Subsection [(2)] (1)(a), an agency may lend,
             1311      grant, or contribute housing funds to a person, public body, housing authority, private entity or
             1312      business, or nonprofit organization for use as provided in Subsection [(2)] (1)(a).
             1313          [(5)] (4) An agency may:
             1314          (a) issue bonds from time to time to finance a housing undertaking under this section,
             1315      including the payment of principal and interest upon advances for surveys and plans or
             1316      preliminary loans; and
             1317          (b) issue refunding bonds for the payment or retirement of bonds under Subsection
             1318      [(5)] (4)(a) previously issued by the agency.
             1319          [(6)] (5) (a) If an agency fails to provide housing funds in accordance with the project
             1320      area budget and, if applicable, the housing plan adopted under Subsection [ 17B-4-505 ]
             1321      17C-2-204 (2), the loan fund board may bring legal action to compel the agency to provide the
             1322      housing funds.
             1323          (b) In an action under Subsection [(6)] (5)(a), the court:
             1324          (i) shall award the loan fund board a reasonable attorney's fee, unless the court finds
             1325      that the action was frivolous; and
             1326          (ii) may not award the agency its attorney's fees, unless the court finds that the action
             1327      was frivolous.
             1328          Section 28. Section 17C-1-413 , which is renumbered from Section 17B-4-1011 is
             1329      renumbered and amended to read:


             1330           [17B-4-1011].     17C-1-413. Base taxable value for new tax.
             1331          For purposes of calculating tax increment with respect to a tax that a taxing entity levies
             1332      for the first time after the effective date of the project area plan, the base taxable value shall be
             1333      used, subject to any adjustments under Section [ 17B-4-1006 ] 17C-1-408 .
             1334          Section 29. Section 17C-1-501 , which is renumbered from Section 17B-4-1201 is
             1335      renumbered and amended to read:
             1336     
Part 5. Bonds

             1337           [17B-4-1201].     17C-1-501. Resolution authorizing issuance of agency bonds
             1338      -- Characteristics of bonds.
             1339          (1) An agency may not issue bonds under this part unless the agency board first adopts
             1340      a resolution authorizing their issuance.
             1341          (2) (a) As provided in the agency resolution authorizing the issuance of bonds under
             1342      this part or the trust indenture under which the bonds are issued, bonds issued under this part
             1343      may be issued in one or more series and may be sold at public or private sale and in the manner
             1344      provided in the resolution or indenture.
             1345          (b) Bonds issued under this part shall bear the date, be payable at the time, bear interest
             1346      at the rate, be in the denomination and in the form, carry the conversion or registration
             1347      privileges, have the rank or priority, be executed in the manner, be subject to the terms of
             1348      redemption or tender, with or without premium, be payable in the medium of payment and at
             1349      the place, and have other characteristics as provided in the agency resolution authorizing their
             1350      issuance or the trust indenture under which they are issued.
             1351          Section 30. Section 17C-1-502 , which is renumbered from Section 17B-4-1202 is
             1352      renumbered and amended to read:
             1353           [17B-4-1202].     17C-1-502. Sources from which bonds may be made payable
             1354      -- Agency powers regarding bonds.
             1355          (1) The principal and interest on bonds issued by an agency may be made payable
             1356      from:
             1357          (a) the income and revenues of the projects financed with the proceeds of the bonds;
             1358          (b) the income and revenues of certain designated projects whether or not they were
             1359      financed in whole or in part with the proceeds of the bonds;
             1360          (c) the income, proceeds, revenues, property, and funds of the agency derived from or


             1361      held in connection with its undertaking and carrying out redevelopment, economic
             1362      development, or [education housing] community development;
             1363          (d) tax increment funds;
             1364          (e) agency revenues generally;
             1365          (f) a contribution, loan, grant, or other financial assistance from the federal government
             1366      or a public entity in aid of redevelopment, economic development, or [education housing]
             1367      community development; or
             1368          (g) funds derived from any combination of the methods listed in Subsections (1)(a)
             1369      through (f).
             1370          (2) In connection with the issuance of agency bonds, an agency may:
             1371          (a) pledge all or any part of its gross or net rents, fees, or revenues to which its right
             1372      then exists or may thereafter come into existence;
             1373          (b) encumber by mortgage, deed of trust, or otherwise all or any part of its real or
             1374      personal property, then owned or thereafter acquired; and
             1375          (c) make the covenants and take the action that may be necessary, convenient, or
             1376      desirable to secure its bonds, or, except as otherwise provided in this chapter, that will tend to
             1377      make the bonds more marketable, even though such covenants or actions are not specifically
             1378      enumerated in this chapter.
             1379          Section 31. Section 17C-1-503 , which is renumbered from Section 17B-4-1203 is
             1380      renumbered and amended to read:
             1381           [17B-4-1203].     17C-1-503. Signature of officer who leaves office.
             1382          If an agency officer whose signature appears on a bond issued under this part leaves
             1383      office before delivery of the bond, the signature shall continue to be valid as if the official had
             1384      remained in office until delivery of the bond.
             1385          Section 32. Section 17C-1-504 , which is renumbered from Section 17B-4-1204 is
             1386      renumbered and amended to read:
             1387           [17B-4-1204].     17C-1-504. Contesting the legality of resolution authorizing
             1388      bonds -- Time limit -- Presumption.
             1389          (1) Any person may contest the legality of the resolution authorizing issuance of the
             1390      bonds or any provisions for the security and payment of the bonds for a period of 30 days after:
             1391          (a) publication of the resolution authorizing the bonds; or


             1392          (b) publication of a notice of bonds containing substantially the items required under
             1393      Subsection 11-14-316 (2).
             1394          (2) After the 30-day period under Subsection (1), no lawsuit or other proceeding may
             1395      be brought contesting the regularity, formality, or legality of the bonds for any reason.
             1396          (3) In a lawsuit or other proceeding involving the question of whether a bond issued
             1397      under this part is valid or enforceable or involving the security for a bond, if a bond recites that
             1398      the agency issued the bond in connection with a redevelopment, economic development, or
             1399      [education housing] community development:
             1400          (a) the bond shall be conclusively presumed to have been issued for that purpose; and
             1401          (b) the project area plan and project area shall be conclusively presumed to have been
             1402      properly formed, adopted, planned, located, and carried out in accordance with this [chapter]
             1403      title.
             1404          Section 33. Section 17C-1-505 , which is renumbered from Section 17B-4-1205 is
             1405      renumbered and amended to read:
             1406           [17B-4-1205].     17C-1-505. Authority to purchase agency bonds.
             1407          (1) Any person, firm, corporation, association, political subdivision of the state, or
             1408      other entity or public or private officer may purchase bonds issued by an agency under this part
             1409      with funds owned or controlled by the purchaser.
             1410          (2) Nothing in this section may be construed to relieve a purchaser of agency bonds of
             1411      any duty to exercise reasonable care in selecting securities.
             1412          Section 34. Section 17C-1-506 , which is renumbered from Section 17B-4-1206 is
             1413      renumbered and amended to read:
             1414           [17B-4-1206].     17C-1-506. Those executing bonds not personally liable --
             1415      Limitation of obligations under bonds -- Negotiability.
             1416          (1) A member of an agency board or other person executing an agency bond is not
             1417      liable personally on the bond.
             1418          (2) (a) A bond issued by an agency is not a general obligation or liability of the
             1419      community, the state, or any of its political subdivisions and does not constitute a charge
             1420      against their general credit or taxing powers.
             1421          (b) A bond issued by an agency is not payable out of any funds or properties other than
             1422      those of the agency.


             1423          (c) The community, the state, and its political subdivisions may not be liable on a bond
             1424      issued by an agency.
             1425          (d) A bond issued by an agency does not constitute indebtedness within the meaning of
             1426      any constitutional or statutory debt limitation.
             1427          (3) A bond issued by an agency under this part is fully negotiable.
             1428          Section 35. Section 17C-1-507 , which is renumbered from Section 17B-4-1207 is
             1429      renumbered and amended to read:
             1430           [17B-4-1207].     17C-1-507. Obligee rights -- Board may confer other rights.
             1431          (1) In addition to all other rights that are conferred on an obligee of a bond issued by an
             1432      agency under this part and subject to contractual restrictions binding on the obligee, an obligee
             1433      may:
             1434          (a) by mandamus, suit, action, or other proceeding, compel an agency and its board,
             1435      officers, agents, or employees to perform every term, provision, and covenant contained in any
             1436      contract of the agency with or for the benefit of the obligee, and require the agency to carry out
             1437      the covenants and agreements of the agency and to fulfill all duties imposed on the agency by
             1438      this part; and
             1439          (b) by suit, action, or proceeding in equity, enjoin any acts or things that may be
             1440      unlawful or violate the rights of the obligee.
             1441          (2) (a) In a board resolution authorizing the issuance of bonds or in a trust indenture,
             1442      mortgage, lease, or other contract, an agency board may confer upon an obligee holding or
             1443      representing a specified amount in bonds, the rights described in Subsection (2)(b), to accrue
             1444      upon the happening of an event or default prescribed in the resolution, indenture, mortgage,
             1445      lease, or other contract, and to be exercised by suit, action, or proceeding in any court of
             1446      competent jurisdiction.
             1447          (b) (i) The rights that the board may confer under Subsection (2)(a) are the rights to:
             1448          (A) cause possession of all or part of a redevelopment, economic development, or
             1449      [education housing] community development project to be surrendered to an obligee;
             1450          (B) obtain the appointment of a receiver of all or part of an agency's redevelopment,
             1451      economic development, or [education housing] community development project and of the
             1452      rents and profits from it; and
             1453          (C) require the agency and its board and employees to account as if the agency and the


             1454      board and employees were the trustees of an express trust.
             1455          (ii) If a receiver is appointed through the exercise of a right granted under Subsection
             1456      (2)(b)(i)(B), the receiver:
             1457          (A) may enter and take possession of the redevelopment, economic development, or
             1458      [education housing] community development project or any part of it, operate and maintain it,
             1459      and collect and receive all fees, rents, revenues, or other charges arising from it after the
             1460      receiver's appointment; and
             1461          (B) shall keep money collected as receiver for the agency in separate accounts and
             1462      apply it pursuant to the agency obligations as the court directs.
             1463          Section 36. Section 17C-1-508 , which is renumbered from Section 17B-4-1208 is
             1464      renumbered and amended to read:
             1465           [17B-4-1208].     17C-1-508. Bonds exempt from taxes -- Agency may
             1466      purchase its own bonds.
             1467          (1) A bond issued by an agency under this part is issued for an essential public and
             1468      governmental purpose and is, together with interest on the bond and income from it, exempt
             1469      from all state taxes except the corporate franchise tax.
             1470          (2) An agency may purchase its own bonds at a price that its board determines.
             1471          (3) Nothing in this section may be construed to limit the right of an obligee to pursue a
             1472      remedy for the enforcement of a pledge or lien given under this part by an agency on its rents,
             1473      fees, grants, properties, or revenues.
             1474          Section 37. Section 17C-1-601 , which is renumbered from Section 17B-4-1301 is
             1475      renumbered and amended to read:
             1476     
Part 6. Agency Annual Budget and Audit and Other Provisions

             1477           [17B-4-1301].     17C-1-601. Annual agency budget -- Fiscal year -- Public
             1478      hearing required -- Auditor forms -- Requirement to file form.
             1479          (1) Each agency shall prepare and its board adopt an annual budget of revenues and
             1480      expenditures for the agency for each fiscal year.
             1481          (2) Each annual agency budget shall be adopted:
             1482          (a) for an agency created by a city or town, before June 22; or
             1483          (b) for an agency created by a county, before December 15.
             1484          (3) The agency's fiscal year shall be the same as the fiscal year of the community that


             1485      created the agency.
             1486          (4) (a) Before adopting an annual budget, each agency board shall hold a public hearing
             1487      on the annual budget.
             1488          (b) Each agency shall provide notice of the public hearing on the annual budget by:
             1489          (i) publishing at least one notice in a newspaper of general circulation within the
             1490      agency boundaries, one week before the public hearing; or
             1491          (ii) if there is no newspaper of general circulation within the agency boundaries,
             1492      posting a notice of the public hearing in at least three public places within the agency
             1493      boundaries.
             1494          (c) Each agency shall make the annual budget available for public inspection at least
             1495      three days before the date of the public hearing.
             1496          (5) The state auditor shall prescribe the budget forms and the categories to be contained
             1497      in each agency budget, including:
             1498          (a) revenues and expenditures for the budget year;
             1499          (b) legal fees; and
             1500          (c) administrative costs, including rent, supplies, and other materials, and salaries of
             1501      agency personnel.
             1502          (6) (a) Within 30 days after adopting an annual budget, each agency board shall file a
             1503      copy of the annual budget with the auditor of the county in which the agency is located, the
             1504      State Tax Commission, the state auditor, the State Board of Education, and each taxing entity
             1505      that levies a tax on property from which the agency collects tax increment.
             1506          (b) The requirement of Subsection (6)(a) to file a copy of the annual budget with the
             1507      state as a taxing entity is met if the agency files a copy with the State Tax Commission and the
             1508      state auditor.
             1509          Section 38. Section 17C-1-602 , which is renumbered from Section 17B-4-1302 is
             1510      renumbered and amended to read:
             1511           [17B-4-1302].     17C-1-602. Amending the agency annual budget.
             1512          (1) An agency board may by resolution amend an annual agency budget.
             1513          (2) An amendment of the annual agency budget that would increase the total
             1514      expenditures may be made only after public hearing by notice published as required for initial
             1515      adoption of the annual budget.


             1516          (3) An agency may not make expenditures in excess of the total expenditures
             1517      established in the annual budget as it is adopted or amended.
             1518          Section 39. Section 17C-1-603 , which is renumbered from Section 17B-4-1303 is
             1519      renumbered and amended to read:
             1520           [17B-4-1303].     17C-1-603. Agency report.
             1521          (1) (a) On or before November 1 of each year, each agency shall prepare and file a
             1522      report with the county auditor, the State Tax Commission, the State Board of Education, and
             1523      each taxing entity that levies a tax on property from which the agency collects tax increment.
             1524          (b) The requirement of Subsection (1)(a) to file a copy of the report with the state as a
             1525      taxing entity is met if the agency files a copy with the State Tax Commission and the state
             1526      auditor.
             1527          (2) Each report under Subsection (1) shall contain:
             1528          (a) an estimate of the tax increment to be paid to the agency for the calendar year
             1529      ending December 31; and
             1530          (b) an estimate of the tax increment to be paid to the agency for the calendar year
             1531      beginning the next January 1.
             1532          Section 40. Section 17C-1-604 , which is renumbered from Section 17B-4-1304 is
             1533      renumbered and amended to read:
             1534           [17B-4-1304].     17C-1-604. Audit requirements.
             1535          Each agency shall comply with the audit requirements of Title 51, Chapter 2a,
             1536      Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local
             1537      Entities Act.
             1538          Section 41. Section 17C-1-605 , which is renumbered from Section 17B-4-1305 is
             1539      renumbered and amended to read:
             1540           [17B-4-1305].     17C-1-605. Audit report.
             1541          (1) Each agency required to be audited under Section [ 17B-4-1304 ] 17C-1-604 shall,
             1542      within 180 days after the end of the agency's fiscal year, file a copy of the audit report with the
             1543      county auditor, the State Tax Commission, the State Board of Education, and each taxing entity
             1544      that levies a tax on property from which the agency collects tax increment.
             1545          (2) Each audit report under Subsection (1) shall include:
             1546          (a) the tax increment collected by the agency for each project area;


             1547          (b) the amount of tax increment paid to each taxing entity under Section [ 17B-4-1008 ]
             1548      17C-1-410 ;
             1549          (c) the outstanding principal amount of bonds issued or other loans incurred to finance
             1550      the costs associated with the agency's project areas; and
             1551          (d) the actual amount expended for:
             1552          (i) acquisition of property;
             1553          (ii) site improvements or site preparation costs;
             1554          (iii) installation of public utilities or other public improvements; and
             1555          (iv) administrative costs of the agency.
             1556          Section 42. Section 17C-1-606 , which is renumbered from Section 17B-4-1306 is
             1557      renumbered and amended to read:
             1558           [17B-4-1306].     17C-1-606. County auditor report on project areas.
             1559          (1) (a) On or before March 31 of each year, the auditor of each county in which an
             1560      agency is located shall prepare a report on the project areas within each agency.
             1561          (b) The county auditor shall send a copy of each report under Subsection (1)(a) to the
             1562      agency that is the subject of the report, the State Tax Commission, the State Board of
             1563      Education, and each taxing entity that levies a tax on property from which the agency collects
             1564      tax increment.
             1565          (2) Each report under Subsection (1)(a) shall report:
             1566          (a) the total assessed property value within each project area for the previous tax year;
             1567          (b) the base taxable value of property within each project area for the previous tax year;
             1568          (c) the tax increment available to be paid to the agency for the previous tax year;
             1569          (d) the tax increment requested by the agency for the previous tax year; and
             1570          (e) the tax increment paid to the agency for the previous tax year.
             1571          (3) Within 30 days after a request by an agency, the State Tax Commission, the State
             1572      Board of Education, or any taxing entity that levies a tax on property from which the agency
             1573      receives tax increment, the county auditor or the county assessor shall provide access to:
             1574          (a) the county auditor's method and calculations used to make adjustments under
             1575      Section [ 17B-4-1006 ] 17C-1-408 ;
             1576          (b) the unequalized assessed valuation of an existing or proposed project area, or any
             1577      parcel or parcels within an existing or proposed project area, if the equalized assessed valuation


             1578      has not yet been determined for that year; [and]
             1579          (c) the most recent equalized assessed valuation of an existing or proposed project area
             1580      or any parcel or parcels within an existing or proposed project area; and
             1581          (d) the tax rate of each taxing entity adopted as of November 1 for the previous tax
             1582      year.
             1583          Section 43. Section 17C-1-607 is enacted to read:
             1584          17C-1-607. State Tax Commission and county assessor required to account for
             1585      new growth.
             1586          The State Tax Commission and the assessor of each county in which a redevelopment,
             1587      economic development, or community development project area is located shall count as new
             1588      growth the assessed value of property with respect to which the taxing entity is receiving taxes
             1589      or increased taxes for the first time.
             1590          Section 44. Section 17C-1-701 , which is renumbered from Section 17B-4-1401 is
             1591      renumbered and amended to read:
             1592     
Part 7. Dissolution

             1593           [17B-4-1401].     17C-1-701. Dissolution by ordinance -- Restrictions -- Filing
             1594      copy of ordinance -- Agency records -- Dissolution expenses.
             1595          (1) (a) Subject to Subsection (1)(b), the legislative body of the community that created
             1596      an agency may, by ordinance, deactivate and dissolve the agency.
             1597          (b) An ordinance dissolving an agency may not be adopted unless the agency has no
             1598      outstanding bonded indebtedness, other unpaid loans, indebtedness, or advances, and no legally
             1599      binding contractual obligations with persons or entities other than the community.
             1600          (2) (a) Within ten days after adopting an ordinance under Subsection (1), the
             1601      community legislative body shall file a certified copy of the ordinance with the lieutenant
             1602      governor.
             1603          (b) Upon the lieutenant governor's issuance of the certificate of dissolution under
             1604      Section 67-1a-6.5 , the agency is dissolved.
             1605          (c) Within ten days after receiving the certificate of dissolution from the lieutenant
             1606      governor under Section 67-1a-6.5 , the community legislative body shall send a copy of the
             1607      certificate of dissolution and the ordinance adopted under Subsection (1) to the State Board of
             1608      Education, and each taxing entity.


             1609          (d) The community legislative body shall publish a notice of dissolution in a
             1610      newspaper of general circulation in the county in which the dissolved agency is located.
             1611          (3) The books, documents, records, papers, and seal of each dissolved agency shall be
             1612      deposited for safekeeping and reference with the recorder of the community that dissolved the
             1613      agency.
             1614          (4) The agency shall pay all expenses of the deactivation and dissolution.
             1615          Section 45. Section 17C-2-101 , which is renumbered from Section 17B-4-401 is
             1616      renumbered and amended to read:
             1617     
CHAPTER 2. REDEVELOPMENT

             1618     
Part 1. Redevelopment Project Area Plan

             1619           [17B-4-401].     17C-2-101. Resolution designating survey area -- Request to
             1620      adopt resolution.
             1621          (1) An agency board may begin the process of adopting a redevelopment project area
             1622      plan by adopting a resolution that:
             1623          [(a) for a proposed redevelopment project area plan:]
             1624          [(i)] (a) designates an area located within the agency's boundaries as a survey area;
             1625          [(ii)] (b) contains a statement that the survey area requires study to determine whether:
             1626          [(A)] (i) one or more redevelopment projects within the survey area are feasible; and
             1627          [(B)] (ii) blight exists within the survey area; and
             1628          [(iii)] (c) contains a description or map of the boundaries of the survey area[; or].
             1629          [(b) for a proposed economic development or education housing development project
             1630      area plan, authorizes the preparation of a draft project area plan.]
             1631          (2) (a) Any person or any group, association, corporation, or other entity may submit a
             1632      written request to the board to adopt a resolution under Subsection (1).
             1633          (b) A request under Subsection (2)(a) may include plans showing the redevelopment[,
             1634      economic development, or education housing development] proposed for an area within the
             1635      agency's boundaries.
             1636          (c) The board may, in its sole discretion, grant or deny a request under Subsection
             1637      (2)(a).
             1638          Section 46. Section 17C-2-102 , which is renumbered from Section 17B-4-402 is
             1639      renumbered and amended to read:


             1640           [17B-4-402].     17C-2-102. Process for adopting redevelopment project area
             1641      plan -- Prerequisites -- Restrictions.
             1642          (1) (a) In order to adopt a redevelopment project area plan, after adopting a resolution
             1643      under Subsection [ 17B-4-401 ] 17C-2-101 (1) the agency shall:
             1644          (i) cause a blight study to be conducted within the survey area as provided in Section
             1645      17C-2-301 ;
             1646          (ii) provide notice of a blight hearing as required under Part 5, Redevelopment Notice
             1647      Requirements;
             1648          (iii) hold a blight hearing as provided in Section 17C-2-302 ; and
             1649          (iv) after the blight hearing has been held, hold a board meeting, either in conjunction
             1650      with the blight hearing or at a subsequent board meeting, at which the board shall:
             1651          (A) consider:
             1652          (I) the issue of blight and the evidence and information relating to the existence or
             1653      nonexistence of blight; and
             1654          (II) whether adoption of one or more redevelopment project area plans should be
             1655      pursued; and
             1656          (B) by resolution:
             1657          (I) make a finding regarding the existence of blight in the proposed redevelopment
             1658      project area;
             1659          (II) select one or more project areas comprising part or all of the survey area; and
             1660          (III) authorize the preparation of a draft project area plan for each project area;
             1661          [(a)] (v) prepare a draft of a project area plan and conduct any examination,
             1662      investigation, and negotiation regarding the project area plan that the agency considers
             1663      appropriate;
             1664          [(b) request input on the draft project area plan from the planning commission of the
             1665      community in which the proposed project area is located;]
             1666          [(c)] (vi) make the draft project area plan available to the public at the agency's offices
             1667      during normal business hours;
             1668          [(d)] (vii) provide notice of the plan hearing as provided in Sections [ 17B-4-702 ]
             1669      17C-2-502 and [ 17B-4-704 ] 17C-2-504 ;
             1670          [(e)] (viii) hold a public hearing on the draft project area plan and, at that public


             1671      hearing:
             1672          [(i)] (A) allow public comment on:
             1673          [(A)] (I) the draft project area plan; and
             1674          [(B)] (II) whether the draft project area plan should be revised, approved, or rejected;
             1675      and
             1676          [(ii)] (B) receive all written and hear all oral objections to the draft project area plan;
             1677          [(f)] (ix) before holding the plan hearing, provide an opportunity for the State Board of
             1678      Education and each taxing entity that levies a tax on property within the proposed project area
             1679      to consult with the agency regarding the draft project area plan;
             1680          [(g)] (x) if applicable, hold the election required under Subsection [ 17B-4-406 ]
             1681      17C-2-105 (3);
             1682          [(h) for a redevelopment project area plan:]
             1683          [(i) comply with the requirements of Part 6, Blight Determination in Redevelopment
             1684      Project Areas;]
             1685          [(ii) before providing notice of the plan hearing, hold at least one public hearing to:]
             1686          [(A) inform the public about each area being considered for a redevelopment project
             1687      area; and]
             1688          [(B) allow public input into agency deliberations on proposing each redevelopment
             1689      project area;]
             1690          [(iii) select one or more project areas comprising part or all of the survey area; and]
             1691          [(iv) before sending the first notice to assessment owners of property for a public input
             1692      hearing, blight hearing, or combined public input and blight hearing, prepare and adopt
             1693      guidelines setting forth and governing the reasonable opportunities of record property owners
             1694      and tenants to participate in the redevelopment;]
             1695          [(i)] (xi) after holding the plan hearing, at the same meeting or at a subsequent meeting
             1696      consider:
             1697          [(i)] (A) the oral and written objections to the draft project area plan and evidence and
             1698      testimony for [or] and against adoption of the draft project area plan; and
             1699          [(ii)] (B) whether to revise, approve, or reject the draft project area plan;
             1700          [(j) subject to Subsection (5),] (xii) approve the draft project area plan, with or without
             1701      revisions, as the project area plan by a resolution that complies with Section [ 17B-4-407 ]


             1702      17C-2-106 ; and
             1703          [(k)] (xiii) submit the project area plan to the community legislative body for adoption.
             1704          (b) If an agency makes a finding under Subsection (1)(a)(iv)(B) that blight exists in the
             1705      proposed redevelopment project area, that finding has no effect until the taxing entity
             1706      committee approves the finding.
             1707          (2) An agency may not propose a project area plan under Subsection (1) unless the
             1708      community in which the proposed project area is located:
             1709          (a) has a planning commission; and
             1710          (b) has adopted a general plan under:
             1711          (i) if the community is a city or town, Title 10, Chapter 9a, Part 4, General Plan; or
             1712          (ii) if the community is a county, Title 17, Chapter 27a, Part 4, General Plan.
             1713          (3) (a) Subject to Subsection (3)(b), an agency board may not approve a project area
             1714      plan more than one year after[: (i) for a redevelopment project area plan,] adoption of a
             1715      resolution making a finding of blight under Subsection [ 17B-4-601 (1)(d)(ii); or (ii) for an
             1716      economic development or education housing development project area plan, the date of the
             1717      plan hearing.] (1)(a)(iv)(B).
             1718          (b) If a project area plan is submitted to an election under Subsection [ 17B-4-406 (3)]
             1719      17C-2-105 (3), the time between the plan hearing and the date of the election does not count for
             1720      purposes of calculating the year period under Subsection (3)(a).
             1721          (4) (a) Except as provided in Subsection (4)(b), a draft project area plan may not be
             1722      modified to add real property to the proposed project area unless the board holds a plan hearing
             1723      to consider the addition and gives notice of the plan hearing as required under Sections
             1724      [ 17B-4-702 ] 17C-2-502 and [ 17B-4-704 ] 17C-2-504 .
             1725          (b) The notice and hearing requirements under Subsection (4)(a) do not apply to a draft
             1726      project area plan being modified to add real property to the proposed project area if:
             1727          (i) the property is contiguous to the property already included in the proposed project
             1728      area under the draft project area plan;
             1729          (ii) the record owner of the property consents to adding the real property to the
             1730      proposed project area; and
             1731          (iii) [for a redevelopment project area,] the property is located within the survey area.
             1732          [(5) From July 1, 2005 through June 30, 2006, an agency may not adopt a project area


             1733      plan for a redevelopment project requiring a finding of blight unless:]
             1734          [(a) before February 15, 2005, the agency has authorized a blight study; and]
             1735          [(b) the blight study authorized before February 15, 2005, is completed before July 1,
             1736      2005.]
             1737          Section 47. Section 17C-2-103 , which is renumbered from Section 17B-4-403 is
             1738      renumbered and amended to read:
             1739           [17B-4-403].     17C-2-103. Redevelopment project area plan requirements.
             1740          (1) Each redevelopment project area plan and draft project area plan shall:
             1741          (a) describe the boundaries of the project area;
             1742          (b) contain a general statement of the land uses, layout of principal streets, population
             1743      densities, and building intensities of the project area and how they will be affected by the
             1744      redevelopment[, economic development, or education housing development];
             1745          (c) state the standards that will guide the redevelopment[, economic development, or
             1746      education housing development];
             1747          (d) show how the purposes of this [chapter] title will be attained by the
             1748      redevelopment[, economic development, or education housing development];
             1749          (e) be consistent with the general plan of the community in which the project area is
             1750      located and show that the redevelopment[, economic development, or education housing
             1751      development] will conform to the community's general plan;
             1752          (f) [if the agency board made a finding of blight under Subsection 17B-4-601 (1)(d)(ii),]
             1753      describe how the redevelopment will reduce or eliminate blight in the project area;
             1754          [(g) if the project area plan is for economic development, describe how the economic
             1755      development will create additional jobs;]
             1756          [(h) if the project area plan is for education housing development, describe how the
             1757      education housing development will meet the needs of the community in which the project area
             1758      is located;]
             1759          [(i)] (g) describe any specific project or projects that are the object of the proposed
             1760      redevelopment[, economic development, or education housing development];
             1761          [(j)] (h) identify how private developers, if any, will be selected to undertake the
             1762      redevelopment[, economic development, or education housing development] and identify each
             1763      private developer currently involved in the redevelopment[, economic development, or


             1764      education housing development] process;
             1765          [(k) contain a time limit of no more than three years after adoption of the project area
             1766      plan for the agency to commence implementation of the project area plan, unless the project
             1767      area plan is adopted again as if it were an amended project area plan under Section 17B-4-411 ;]
             1768          [(l) if the project area plan authorizes the use of eminent domain, contain a time limit
             1769      of no more than five years after the effective date of the project area plan for the agency to
             1770      commence acquisition of property through the use of eminent domain;]
             1771          [(m) if the project area plan provides for tax increment to be paid to the agency:]
             1772          [(i) contain a time limit of no more than 25 years for tax increment to be paid to the
             1773      agency from the project area unless the taxing entity committee consents to a longer period;
             1774      and]
             1775          [(ii) contain a provision that the project area may not exceed 100 acres of private real
             1776      property unless:]
             1777          [(A) the agency obtains the consent of the taxing entity committee; or]
             1778          [(B) the project area is a superfund site;]
             1779          [(n)] (i) state the reasons for the selection of the project area;
             1780          [(o)] (j) describe the physical, social, and economic conditions existing in the project
             1781      area;
             1782          [(p) provide a financial analysis describing the proposed method of financing the
             1783      proposed redevelopment, economic development, or education housing development;]
             1784          [(q)] (k) describe any tax incentives offered private entities for facilities located in the
             1785      project area;
             1786          [(r) contain the report and state any recommendations of the community's planning
             1787      commission;]
             1788          [(s)] (l) include [an] the analysis[, as provided] described in Subsection (2)[, of
             1789      whether adoption of the project area plan is:];
             1790          [(i) for a redevelopment project area plan, necessary and appropriate to reduce or
             1791      eliminate blight; or]
             1792          [(ii) for an economic development or education housing development project area plan,
             1793      beneficial under a benefit analysis;]
             1794          [(t)] (m) if any of the existing buildings or uses in the project area are included in or


             1795      eligible for inclusion in the National Register of Historic Places or the State Register, state that
             1796      the agency shall comply with Subsection 9-8-404 (1) as though the agency were a state agency;
             1797      and
             1798          [(u)] (n) include other information that the agency determines to be necessary or
             1799      advisable.
             1800          (2) Each analysis under Subsection (1)[(s)(ii)](l) shall consider:
             1801          (a) the benefit of any financial assistance or other public subsidy proposed to be
             1802      provided by the agency, including:
             1803          (i) an evaluation of the reasonableness of the costs of [economic development or
             1804      education housing development] the redevelopment;
             1805          (ii) efforts the agency or developer has made or will make to maximize private
             1806      investment;
             1807          (iii) the rationale for use of tax increment, including an analysis of whether the
             1808      proposed development might reasonably be expected to occur in the foreseeable future solely
             1809      through private investment; and
             1810          (iv) an estimate of the total amount of tax increment that will be expended in
             1811      undertaking [economic development or education housing development] redevelopment and
             1812      the length of time for which it will be expended; and
             1813          (b) the anticipated public benefit to be derived from the [economic development or
             1814      education housing development] redevelopment, including:
             1815          (i) the beneficial influences upon the tax base of the community;
             1816          (ii) the associated business and economic activity likely to be stimulated; and
             1817          [(iii) in the case of economic development, the number of jobs or employment
             1818      anticipated to be generated or preserved.]
             1819          (iii) whether adoption of the project area plan is necessary and appropriate to reduce or
             1820      eliminate blight.
             1821          Section 48. Section 17C-2-104 , which is renumbered from Section 17B-4-405 is
             1822      renumbered and amended to read:
             1823           [17B-4-405].     17C-2-104. Existing and historic buildings and uses.
             1824          If any of the existing buildings or uses in a project area are included in or eligible for
             1825      inclusion in the National Register of Historic Places or the State Register, the agency shall


             1826      comply with Subsection 9-8-404 (1) as though the agency were a state agency.
             1827          Section 49. Section 17C-2-105 , which is renumbered from Section 17B-4-406 is
             1828      renumbered and amended to read:
             1829           [17B-4-406].     17C-2-105. Objections to project area plan -- Owners'
             1830      alternative project area plan -- Election if 40% of property owners object.
             1831          (1) At any time before the plan hearing, any person may file with the agency a written
             1832      statement of objections to the draft project area plan.
             1833          (2) If the record owners of property of a majority of the private real property included
             1834      within the proposed project area file a written petition before or at the plan hearing, proposing
             1835      an alternative project area plan, the agency shall consider that proposed plan in conjunction
             1836      with the project area plan proposed by the agency.
             1837          (3) (a) If the record property owners of at least 40% of the private land area within the
             1838      proposed project area object in writing to the draft project area plan before or at the plan
             1839      hearing and do not withdraw their objections, an agency may not approve the project area plan
             1840      until approved by voters within the boundaries of the agency in which the proposed project area
             1841      is located at an election as provided in Subsection (3)(b).
             1842          (b) (i) Except as provided in this section, each election required under Subsection
             1843      (3)(a) shall comply with Title 20A, Election Code.
             1844          (ii) An election under Subsection (3)(a) may be held on the same day and with the
             1845      same election officials as an election held by the community in which the proposed project area
             1846      is located.
             1847          (iii) If a majority of those voting on the proposed project area plan vote in favor of it,
             1848      the project area plan shall be considered approved and the agency shall confirm the approval by
             1849      resolution.
             1850          (4) If the record property owners of 2/3 of the private land area within the proposed
             1851      project area object in writing to the draft project area plan before or at the plan hearing and do
             1852      not withdraw their objections, the project area plan may not be adopted and the agency may not
             1853      reconsider the project area plan for three years.
             1854          Section 50. Section 17C-2-106 , which is renumbered from Section 17B-4-407 is
             1855      renumbered and amended to read:
             1856           [17B-4-407].     17C-2-106. Board resolution approving redevelopment


             1857      project area plan -- Requirements.
             1858          [(1)] Each board resolution approving a draft redevelopment[, economic development,
             1859      or education housing development] project area plan as the project area plan under Subsection
             1860      [ 17B-4-402 (1)(j)] 17C-2-102 (1)(a)(xii) shall contain:
             1861          [(a)] (1) a legal description of the boundaries of the project area that is the subject of
             1862      the project area plan;
             1863          [(b)] (2) the agency's purposes and intent with respect to the project area;
             1864          [(c)] (3) the project area plan incorporated by reference; [and]
             1865          (4) a statement that the board previously made a finding of blight within the project
             1866      area and the date of the board's finding of blight; and
             1867          [(d)] (5) the board findings and determinations that:
             1868          [(i)] (a) there is a need to effectuate a public purpose;
             1869          [(ii)] (b) there is a public benefit under the analysis described in [Subsections
             1870      17B-4-403 (1)(t) and] Subsection 17C-2-103 (2);
             1871          [(iii)] (c) it is economically sound and feasible to adopt and carry out the project area
             1872      plan;
             1873          [(iv)] (d) the project area plan conforms to the community's general plan; and
             1874          [(v)] (e) carrying out the project area plan will promote the public peace, health, safety,
             1875      and welfare of the community in which the project area is located.
             1876          [(2) (a) As used in this Subsection (2), "comparable dwellings" means residential
             1877      housing facilities that are:]
             1878          [(i) within the project area or in other areas not generally less desirable in regard to
             1879      public utilities and public and commercial facilities;]
             1880          [(ii) at rents or prices within the financial means of the families and persons displaced
             1881      from the project area; and]
             1882          [(iii) decent, safe, and sanitary and equal in number and available to displaced families
             1883      and persons and reasonably accessible to their places of employment.]
             1884          [(b) In addition to the requirements under Subsection (1), each board resolution
             1885      approving a redevelopment project area plan shall:]
             1886          [(i) state that the board previously made a finding of blight within the project area and
             1887      the date of the board's finding of blight; and]


             1888          [(ii) contain the board's findings and determinations that, if the project area plan may
             1889      result in the temporary or permanent displacement of any residential occupants in the project
             1890      area:]
             1891          [(A) the agency has a feasible method or plan for the relocation of families and persons
             1892      displaced from the project area;]
             1893          [(B) comparable dwellings exist or will be provided to the families and persons
             1894      displaced by the project area plan; and]
             1895          [(C) the board is satisfied that permanent housing facilities will be available within
             1896      three years from the time occupants of the project area are displaced and, pending the
             1897      development of these housing facilities, there will be available to the displaced occupants
             1898      adequate temporary housing facilities at rents comparable to those in the community at the time
             1899      of their displacement.]
             1900          Section 51. Section 17C-2-107 , which is renumbered from Section 17B-4-408 is
             1901      renumbered and amended to read:
             1902           [17B-4-408].     17C-2-107. Plan to be adopted by community legislative
             1903      body.
             1904          (1) A project area plan approved by board resolution under Section [ 17B-4-407 ]
             1905      17C-2-106 may not take effect until:
             1906          (a) it has been adopted by ordinance of the legislative body of the community that
             1907      created the agency; and
             1908          (b) notice under Section [ 17B-4-409 ] 17C-2-108 is provided.
             1909          (2) Each ordinance under Subsection (1) shall:
             1910          (a) be adopted by the community legislative body after the board's approval of a
             1911      resolution under Section [ 17B-4-407 ] 17C-2-106 ; and
             1912          (b) designate the approved project area plan as the official redevelopment[, economic
             1913      development, or education housing development] plan of the project area.
             1914          Section 52. Section 17C-2-108 , which is renumbered from Section 17B-4-409 is
             1915      renumbered and amended to read:
             1916           [17B-4-409].     17C-2-108. Notice of project area plan adoption -- Effective
             1917      date of plan -- Contesting the formation of the plan.
             1918          (1) (a) Upon the community legislative body's adoption of a redevelopment project


             1919      area plan, the legislative body shall provide notice as provided in Subsection (1)(b) by:
             1920          (i) publishing or causing to be published a notice in a newspaper of general circulation
             1921      within the agency's boundaries; or
             1922          (ii) if there is no newspaper of general circulation within the agency's boundaries,
             1923      causing a notice to be posted in at least three public places within the agency's boundaries.
             1924          (b) Each notice under Subsection (1)(a) shall:
             1925          (i) set forth the community legislative body's ordinance adopting the project area plan
             1926      or a summary of the ordinance; and
             1927          (ii) include a statement that the project area plan is available for general public
             1928      inspection and the hours for inspection.
             1929          (2) The project area plan shall become effective on the date of:
             1930          (a) if notice was published under Subsection (1)(a), publication of the notice; or
             1931          (b) if notice was posted under Subsection (1)(a), posting of the notice.
             1932          (3) (a) [(i)] For a period of [60] 30 days after the effective date of the project area plan
             1933      under Subsection (2), any person in interest may[, except as provided in Subsection (3)(a)(ii),]
             1934      contest the project area plan or the procedure used to adopt the project area plan if the plan or
             1935      procedure fails to comply with applicable statutory requirements.
             1936          [(ii) Notwithstanding Subsection (3)(a)(i), a challenge to a finding of blight may be
             1937      made only under Section 17B-4-605 .]
             1938          (b) After the [60-day] 30-day period under Subsection (3)(a)[(i)] expires, no person
             1939      may contest the project area plan or procedure used to adopt the project area plan for any cause.
             1940          (4) [(a) Except as provided in Subsection (4)(b), upon] Upon adoption of the project
             1941      area plan by the community's legislative body, the agency may carry out the project area plan.
             1942          [(b) An agency may not commence implementation of a project area plan more than
             1943      three years after the community legislative body adopts the plan, unless the plan is readopted as
             1944      if it were an amended project area plan under Section 17B-4-411 .]
             1945          (5) Each agency shall make the adopted project area plan available to the general
             1946      public at its offices during normal business hours.
             1947          Section 53. Section 17C-2-109 , which is renumbered from Section 17B-4-410 is
             1948      renumbered and amended to read:
             1949           [17B-4-410].     17C-2-109. Agency required to transmit and record


             1950      documents after adoption of project area plan.
             1951          Within 30 days after the community legislative body adopts, under Section [ 17B-4-408 ]
             1952      17C-2-107 , a project area plan, the agency shall:
             1953          (1) record with the recorder of the county in which the project area is located a
             1954      document containing:
             1955          (a) a description of the land within the project area;
             1956          (b) a statement that the project area plan for the project area has been adopted; and
             1957          (c) the date of adoption;
             1958          (2) transmit a copy of the description of the land within the project area and an accurate
             1959      map or plat indicating the boundaries of the project area to the Automated Geographic
             1960      Reference Center created under Section 63F-1-506 ; and
             1961          (3) for a project area plan that provides for the payment of tax increment to the agency,
             1962      transmit a copy of the description of the land within the project area, a copy of the community
             1963      legislative body ordinance adopting the project area plan, and a map or plat indicating the
             1964      boundaries of the project area to:
             1965          (a) the auditor, recorder, attorney, surveyor, and assessor of each county in which any
             1966      part of the project area is located;
             1967          (b) the officer or officers performing the function of auditor or assessor for each taxing
             1968      entity that does not use the county assessment roll or collect its taxes through the county;
             1969          (c) the legislative body or governing board of each taxing entity;
             1970          (d) the State Tax Commission; and
             1971          (e) the State Board of Education.
             1972          Section 54. Section 17C-2-110 , which is renumbered from Section 17B-4-411 is
             1973      renumbered and amended to read:
             1974           [17B-4-411].     17C-2-110. Amending a project area plan.
             1975          (1) An adopted project area plan may be amended as provided in this section.
             1976          [(2) Except as provided in Subsection (4)(a), a project area plan may not be amended
             1977      after March 21, 2005, to enlarge or add to a project area.]
             1978          (2) If an agency proposes to amend an adopted redevelopment project area plan to
             1979      enlarge the project area:
             1980          (a) subject to Subsection (2)(e), the requirements under this part that apply to adopting


             1981      a project area plan apply equally to the proposed amendment as if it were a proposed project
             1982      area plan;
             1983          (b) for a pre-July 1, 1993 project area plan, the base year taxable value for the new area
             1984      added to the project area shall be determined under Subsection 17C-1-102 (6)(a) using the
             1985      effective date of the amended project area plan;
             1986          (c) for a post-June 30, 1993 project area plan:
             1987          (i) the base year taxable value for the new area added to the project area shall be
             1988      determined under Subsection 17C-1-102 (6)(b) using the date of the taxing entity committee's
             1989      consent referred to in Subsection (2)(c)(ii); and
             1990          (ii) the agency shall obtain the consent of the taxing entity committee before the agency
             1991      may collect tax increment from the area added to the project area by the amendment;
             1992          (d) the agency shall make a finding regarding the existence of blight in the area
             1993      proposed to be added to the project area by following the procedure set forth in Subsections
             1994      17C-2-102 (1)(a)(i) through (iv); and
             1995          (e) the agency need not make a finding regarding the existence of blight in the project
             1996      area as described in the original project area plan, if the agency made a finding of the existence
             1997      of blight regarding that project area in connection with adoption of the original project area
             1998      plan.
             1999          (3) [An] If a proposed amendment does not propose to enlarge a project area, an
             2000      agency board may adopt a resolution approving an amendment to an adopted project area plan
             2001      after:
             2002          (a) the agency gives notice, as provided in Section [ 17B-4-702 ] 17C-2-502 , of the
             2003      proposed amendment and of the public hearing required by Subsection (3)(b);
             2004          (b) the agency board holds a public hearing on the proposed amendment that meets the
             2005      requirements of a plan hearing;
             2006          (c) the agency obtains the taxing entity committee's consent to the amendment, if the
             2007      amendment proposes:
             2008          (i) to enlarge the area within the project area from which tax increment is collected;
             2009          (ii) to permit the agency to receive a greater percentage of tax increment or to receive
             2010      tax increment for a longer period of time, or both, than allowed under the adopted project area
             2011      plan; [and] or


             2012          (iii) for an amendment to a project area plan that was adopted before April 1, 1983, to
             2013      expand the area from which tax increment is collected to exceed 100 acres of private property;
             2014      and
             2015          (d) the agency obtains the consent of the legislative body or governing board of each
             2016      taxing entity affected, if the amendment proposes to permit the agency to receive, from less
             2017      than all taxing entities, a greater percentage of tax increment or to receive tax increment for a
             2018      longer period of time, or both, than allowed under the adopted project area plan.
             2019          (4) (a) An adopted project area plan may be amended without complying with the
             2020      notice and public hearing requirements of Subsections (2)(a) and (3)(a) and (b) and without
             2021      obtaining taxing entity committee approval under Subsection (3)(c) if the amendment:
             2022          (i) makes a minor adjustment in the legal description of a project area boundary
             2023      requested by a county assessor or county auditor to avoid inconsistent property boundary lines;
             2024      or
             2025          (ii) subject to Subsection (4)(b), removes a parcel of real property from a project area
             2026      because the agency determines that:
             2027          (A) the parcel is no longer blighted; or
             2028          (B) inclusion of the parcel is no longer necessary or desirable to the project area[; and].
             2029          (b) An amendment removing a parcel of real property from a project area under
             2030      Subsection (4)(a)(ii) may not be made without the consent of the record property owner of the
             2031      parcel being removed.
             2032          (5) (a) An amendment approved by board resolution under this section may not take
             2033      effect until adopted by ordinance of the legislative body of the community in which the project
             2034      area that is the subject of the project area plan being amended is located.
             2035          (b) Upon a community legislative body passing an ordinance adopting an amendment
             2036      to a project area plan, the agency whose project area plan was amended shall comply with the
             2037      requirements of Section [ 17B-4-410 ] 17C-2-109 to the same extent as if the amendment were a
             2038      project area plan.
             2039          Section 55. Section 17C-2-201 , which is renumbered from Section 17B-4-501 is
             2040      renumbered and amended to read:
             2041     
Part 2. Redevelopment Project Area Budget

             2042           [17B-4-501].     17C-2-201. Project area budget -- Requirements for


             2043      adopting -- Contesting the budget or procedure -- Time limit.
             2044          (1) If an agency anticipates funding all or a portion of a post-June 30, 1993
             2045      redevelopment project area plan with tax increment, the agency shall, subject to Section
             2046      [ 17B-4-503 ] 17C-2-202 , adopt a project area budget as provided in this part.
             2047          (2) To adopt a project area budget, the agency shall:
             2048          (a) prepare a draft of a project area budget;
             2049          (b) make a copy of the draft project area budget available to the public at the agency's
             2050      offices during normal business hours;
             2051          (c) provide notice of the budget hearing as required by Part [7] 5, Redevelopment
             2052      Notice Requirements;
             2053          [(d) at least seven days before the budget hearing:]
             2054          [(i) publish a display advertisement that complies with Section 17B-4-502 in a
             2055      newspaper that is:]
             2056          [(A) of general circulation within the county in which the proposed project area is
             2057      located; and]
             2058          [(B) to the extent practicable, of general interest and readership and not of limited
             2059      subject matter; or]
             2060          [(ii) if there is no newspaper of general circulation within the county in which the
             2061      proposed project area is located, post a notice that complies with Section 17B-4-502 in at least
             2062      three conspicuous places within the agency's boundaries;]
             2063          [(e)] (d) hold a public hearing on the draft project area budget and, at that public
             2064      hearing, allow public comment on:
             2065          (i) the draft project area budget; and
             2066          (ii) whether the draft project area budget should be revised, adopted, or rejected;
             2067          [(f)] (e) (i) if required under Subsection [ 17B-4-505 ] 17C-2-204 (1), obtain the
             2068      approval of the taxing entity committee on the draft project area budget or a revised version of
             2069      the draft project area budget; or
             2070          (ii) if applicable, comply with the requirements of Subsection [ 17B-4-505 ]
             2071      17C-2-204 (2); and
             2072          [(g)] (f) after the budget hearing, hold a board meeting in the same meeting as the
             2073      public hearing or in a subsequent meeting to:


             2074          (i) consider comments made and information presented at the public hearing relating to
             2075      the draft project area budget; and
             2076          (ii) adopt by resolution the draft project area budget, with any revisions, as the project
             2077      area budget.
             2078          (3) (a) For a period of [60] 30 days after the agency's adoption of the project area
             2079      budget under Subsection (2)[(g)](f), any person in interest may contest the project area budget
             2080      or the procedure used to adopt the project area budget if the budget or procedure fails to
             2081      comply with applicable statutory requirements.
             2082          (b) After the [60-day] 30-day period under Subsection (3)(a) expires, no person may
             2083      contest the project area budget or procedure used to adopt the project area budget for any cause.
             2084          Section 56. Section 17C-2-202 , which is renumbered from Section 17B-4-503 is
             2085      renumbered and amended to read:
             2086           [17B-4-503].     17C-2-202. Combined incremental value -- Restriction
             2087      against adopting project area budget -- Taxing entity committee may waive restriction.
             2088          [(1) For purposes of this section:]
             2089          [(a) "Adjusted tax increment" means:]
             2090          [(i) for tax increment under a pre-July 1, 1993 project area plan, tax increment under
             2091      Section 17B-4-1003 , excluding tax increment under Subsection 17B-4-1003 (3); and]
             2092          [(ii) for tax increment under a post-June 30, 1993 project area plan, tax increment
             2093      under Section 17B-4-1004 , excluding tax increment under Subsection 17B-4-1004 (3).]
             2094          [(b) "Combined incremental value" means the combined total of all incremental values
             2095      from all project areas, except a military installation project area, within the agency's boundaries
             2096      under adopted project area plans and adopted project area budgets at the time that a project area
             2097      budget for a new project area is being considered.]
             2098          [(c) "Incremental value" means a figure derived by multiplying the marginal value of
             2099      the property located within a project area on which tax increment is collected by a number that
             2100      represents the percentage of adjusted tax increment from that project area that is paid to the
             2101      agency.]
             2102          [(d) "Marginal value" means the difference between actual taxable value and base
             2103      taxable value.]
             2104          [(e) "Military installation project area" means a project area or a portion of a project


             2105      area located within a federal military installation ordered closed by the federal Defense Base
             2106      Realignment and Closure Commission.]
             2107          [(f) "Taxable value" means the value of property as shown on the last equalized
             2108      assessment roll as certified by the county assessor.]
             2109          [(2) (a)] (1) Except as provided in Subsection (2)[(b)], an agency may not adopt a
             2110      redevelopment project area budget if, at the time the redevelopment project area budget is
             2111      being considered, the combined incremental value for the agency exceeds 10% of the total
             2112      taxable value of property within the agency's boundaries in the year that the redevelopment
             2113      project area budget is being considered.
             2114          [(b)] (2) A taxing entity committee may waive the restrictions imposed by Subsection
             2115      [(2)(a)] (1).
             2116          Section 57. Section 17C-2-203 , which is renumbered from Section 17B-4-504 is
             2117      renumbered and amended to read:
             2118           [17B-4-504].     17C-2-203. Part of tax increment funds to be used for
             2119      housing -- Waiver of requirement.
             2120          (1) (a) Except as provided in Subsection (1)(b), each redevelopment project area
             2121      budget adopted on or after May 1, 2000 that provides for more than $100,000 of annual tax
             2122      increment to be paid to the agency shall allocate at least 20% of the tax increment for housing
             2123      as provided in Section [ 17B-4-1010 ] 17C-1-412 .
             2124          (b) The 20% requirement of Subsection (1)(a) may be waived[: (i)] in part or whole by
             2125      the mutual consent of the loan fund board and the taxing entity committee if they determine
             2126      that 20% of tax increment is more than is needed to address the community's need for income
             2127      targeted housing[, as defined in Section 17B-4-1010 ; or].
             2128          [(ii) in fifth and sixth class counties, by the taxing entity committee for economic
             2129      development project area budgets adopted on or after May 1, 2002, if the economic
             2130      development project area consists of an area without housing units.]
             2131          (2) A project area budget not required under Subsection (1)(a) to allocate tax increment
             2132      for housing may allocate 20% of tax increment payable to the agency over the life of the
             2133      project area for housing as provided in Section [ 17B-4-1010 ] 17C-1-412 if the project area
             2134      budget is under a project area plan that is adopted on or after July 1, 1998.
             2135          Section 58. Section 17C-2-204 , which is renumbered from Section 17B-4-505 is


             2136      renumbered and amended to read:
             2137           [17B-4-505].     17C-2-204. Consent of taxing entity committee.
             2138          (1) (a) Except as provided in Subsection (1)(b) and subject to Subsection (2), each
             2139      agency shall obtain the consent of the taxing entity committee for each redevelopment project
             2140      area budget under a post-June 30, 1993 project area plan before the agency may collect any tax
             2141      increment from the redevelopment project area.
             2142          (b) For a project area budget adopted from July 1, 1998 through May 1, 2000 that
             2143      allocates 20% or more of the tax increment for housing as provided in Section [ 17B-4-1010 ]
             2144      17C-1-412 , an agency:
             2145          (i) need not obtain the consent of the taxing entity committee for the project area
             2146      budget; and
             2147          (ii) may not collect any tax increment from all or part of the project area until after:
             2148          (A) the loan fund board has certified the project area budget as complying with the
             2149      requirements of Section [ 17B-4-1010 ] 17C-1-412 ; and
             2150          (B) the agency board has approved and adopted the project area budget by a two-thirds
             2151      vote.
             2152          (2) (a) Before a taxing entity committee may consent to a project area budget adopted
             2153      on or after May 1, 2000 that is required under Subsection [ 17B-4-504 ] 17C-2-203 (1)(a) to
             2154      allocate 20% of tax increment for housing, the agency shall:
             2155          (i) adopt a housing plan showing the uses for the housing funds; and
             2156          (ii) provide a copy of the housing plan to the taxing entity committee and the loan fund
             2157      board.
             2158          (b) If an agency amends a housing plan prepared under Subsection (2)(a), the agency
             2159      shall provide a copy of the amendment to the taxing entity committee and the loan fund board.
             2160          Section 59. Section 17C-2-205 , which is renumbered from Section 17B-4-506 is
             2161      renumbered and amended to read:
             2162           [17B-4-506].     17C-2-205. Filing a copy of the project area budget.
             2163          Each agency adopting a project area budget shall:
             2164          (1) within 30 days after adopting the project area budget, file a copy of the project area
             2165      budget with the auditor of the county in which the project area is located, the State Tax
             2166      Commission, the state auditor, the State Board of Education, and each taxing entity affected by


             2167      the agency's collection of tax increment under the project area budget; and
             2168          (2) if the project area budget allocates tax increment for housing under Section
             2169      [ 17B-4-1010 ] 17C-1-412 , file a copy of the project area budget with the loan fund board.
             2170          Section 60. Section 17C-2-206 , which is renumbered from Section 17B-4-507 is
             2171      renumbered and amended to read:
             2172           [17B-4-507].     17C-2-206. Amending a project area budget.
             2173          (1) [Subject to Subsection (5), an] An agency may by resolution amend a project area
             2174      budget as provided in this section.
             2175          (2) To amend an adopted project area budget, the agency shall:
             2176          (a) advertise and hold one public hearing on the proposed amendment as provided in
             2177      Subsection (3);
             2178          (b) obtain the approval of the taxing entity committee if the agency was required under
             2179      Section [ 17B-4-505 ] 17C-2-204 to obtain the consent of the taxing entity committee for the
             2180      project area budget as originally adopted; and
             2181          (c) adopt a resolution amending the project area budget.
             2182          (3) The public hearing required under Subsection (2)(a) shall be conducted according
             2183      to the procedures and requirements of [Sections 17B-4-501 and 17B-4-502 ] Subsections
             2184      17C-2-201 (2)(c) and (d), except that if the amended project area budget proposes that the
             2185      agency be paid a greater proportion of tax increment from a project area than was to be paid
             2186      under the previous project area budget, the [advertisement] notice shall state the percentage
             2187      paid under the previous project area budget and the percentage proposed under the amended
             2188      project area budget.
             2189          (4) If a proposed amendment is not adopted, the agency shall continue to operate under
             2190      the previously adopted project area budget without the proposed amendment.
             2191          [(5) A project area budget may not be amended after March 21, 2005, if the
             2192      amendment provides for the agency to receive tax increment for a longer period of time than
             2193      allowed under the project area budget without the amendment.]
             2194          Section 61. Section 17C-2-301 , which is renumbered from Section 17B-4-602 is
             2195      renumbered and amended to read:
             2196     
Part 3. Blight Determination in Redevelopment Project Areas

             2197           [17B-4-602].     17C-2-301. Blight study -- Requirements -- Deadline.


             2198          (1) Each blight study required under Subsection [ 17B-4-601 ] 17C-2-102 (1)(a)(i) shall:
             2199          (a) undertake a parcel by parcel survey of the survey area;
             2200          [(a)] (b) provide data so the board and taxing entity committee may determine:
             2201          (i) whether the conditions described in [Subsections 17B-4-604 (1)(a)(i) and (ii)]
             2202      Subsection 17C-2-303 (1):
             2203          (A) exist in part or all of the survey area; and
             2204          [(ii) whether the factors listed in Subsection 17B-4-604 (1)(a)(iii) are present in the
             2205      survey area; and]
             2206          (B) qualify an area within the survey area as a project area; and
             2207          [(iii)] (ii) whether the survey area contains all or part of a superfund site;
             2208          [(b)] (c) include a written report setting forth:
             2209          (i) the conclusions reached; [and]
             2210          (ii) any recommended area within the survey area qualifying as a project area; and
             2211          [(ii)] (iii) any other information requested by the agency to determine whether a
             2212      redevelopment project area is feasible; and
             2213          [(c)] (d) be completed within one year after the adoption of the survey area resolution.
             2214          (2) (a) If a blight study is not completed within one year after the adoption of the
             2215      resolution under Subsection [ 17B-4-401 (1)(a)] 17C-2-101 (1) designating a survey area, the
             2216      agency may not approve a redevelopment project area plan based on that blight study unless it
             2217      first adopts a new resolution under Subsection [ 17B-4-401 (1)(a)] 17C-2-101 (1).
             2218          (b) A new resolution under Subsection (2)(a) shall in all respects be considered to be a
             2219      resolution under Subsection [ 17B-4-401 (1)(a)] 17C-2-101 (1) adopted for the first time, except
             2220      that any actions taken toward completing a blight study under the resolution that the new
             2221      resolution replaces shall be considered to have been taken under the new resolution.
             2222          Section 62. Section 17C-2-302 , which is renumbered from Section 17B-4-603 is
             2223      renumbered and amended to read:
             2224           [17B-4-603].     17C-2-302. Blight hearing -- Owners may review evidence of
             2225      blight.
             2226          (1) In each hearing required under Subsection [ 17B-4-601 (1)(c)] 17C-2-102 (1)(a)(iii),
             2227      the agency shall:
             2228          (a) permit all evidence of the existence or nonexistence of blight within the proposed


             2229      redevelopment project area to be presented; and
             2230          (b) permit each record owner of property located within the proposed redevelopment
             2231      project area or the record property owner's representative the opportunity to:
             2232          (i) examine and cross-examine witnesses providing evidence of the existence or
             2233      nonexistence of blight; and
             2234          (ii) present evidence and testimony, including expert testimony, concerning the
             2235      existence or nonexistence of blight.
             2236          (2) The agency shall allow record owners of property located within a proposed
             2237      redevelopment project area the opportunity, for at least 30 days before the hearing, to review
             2238      the evidence of blight compiled by the agency or by the person or firm conducting the blight
             2239      study for the agency, including any expert report.
             2240          Section 63. Section 17C-2-303 , which is renumbered from Section 17B-4-604 is
             2241      renumbered and amended to read:
             2242           [17B-4-604].     17C-2-303. Conditions on board determination of blight --
             2243      Conditions of blight caused by the developer.
             2244          (1) An agency board may not make a finding of blight in a resolution under [Section
             2245      17B-4-601 ] Subsection 17C-2-102 (1) unless the board finds that [the redevelopment project
             2246      area]:
             2247          [(a) (i) contains buildings or improvements used or intended to be used for residential,
             2248      commercial, industrial, or other urban purposes, or any combination of those uses;]
             2249          [(ii) contains buildings or improvements on at least 50% of the number of parcels of
             2250      private real property whose acreage is at least 50% of the acreage of the private real property
             2251      within the proposed redevelopment project area; and]
             2252          [(iii) is unfit or unsafe to occupy or may be conducive to ill health, transmission of
             2253      disease, infant mortality, juvenile delinquency, or crime because of any three or more of the
             2254      following factors:]
             2255          [(A) defective character of physical construction;]
             2256          [(B) high density of population or overcrowding;]
             2257          [(C) inadequate ventilation, light, or spacing between buildings;]
             2258          [(D) mixed character and shifting of uses, resulting in obsolescence, deterioration, or
             2259      dilapidation;]


             2260          [(E) economic deterioration or continued disuse;]
             2261          [(F) lots of irregular shape or inadequate size for proper usefulness and development,
             2262      or laying out of lots in disregard of the contours and other physical characteristics of the ground
             2263      and surrounding conditions;]
             2264          [(G) inadequate sanitation or public facilities which may include streets, open spaces,
             2265      and utilities;]
             2266          [(H) areas that are subject to being submerged by water; and]
             2267          [(I) existence of any hazardous or solid waste, defined as any substance defined,
             2268      regulated, or listed as a hazardous substance, hazardous material, hazardous waste, toxic waste,
             2269      pollutant, contaminant, or toxic substance, or identified as hazardous to human health or the
             2270      environment under state or federal law or regulation; or]
             2271          (a) (i) the proposed project area consists predominantly of nongreenfield parcels;
             2272          (ii) the proposed project area is currently zoned for urban purposes and generally
             2273      served by utilities;
             2274          (iii) at least 50% of the parcels within the proposed project area contain nonagricultural
             2275      or nonaccessory buildings or improvements used or intended for residential, commercial,
             2276      industrial, or other urban purposes, or any combination of those uses;
             2277          (iv) the present condition or use of the proposed project area substantially impairs the
             2278      sound growth of the municipality, retards the provision of housing accommodations, or
             2279      constitutes an economic liability or is detrimental to the public health, safety, or welfare, as
             2280      shown by the existence within the proposed project area of at least four of the following
             2281      factors:
             2282          (A) one of the following, although sometimes interspersed with well maintained
             2283      buildings and infrastructure:
             2284          (I) substantial physical dilapidation, deterioration, or defective construction of
             2285      buildings or infrastructure; or
             2286          (II) significant noncompliance with current building code, safety code, health code, or
             2287      fire code requirements or local ordinances;
             2288          (B) unsanitary or unsafe conditions in the proposed project area that threaten the
             2289      health, safety, or welfare of the community;
             2290          (C) environmental hazards, as defined in state or federal law, that require remediation


             2291      as a condition for current or future use and development;
             2292          (D) excessive vacancy, abandoned buildings, or vacant lots within an area zoned for
             2293      urban use and served by utilities;
             2294          (E) abandoned or outdated facilities that pose a threat to public health, safety, or
             2295      welfare;
             2296          (F) criminal activity in the project area, higher than that of comparable nonblighted
             2297      areas in the municipality or county; and
             2298          (G) defective or unusual conditions of title rendering the title nonmarketable; and
             2299          (v) (A) at least 50% of the parcels within the proposed project area are affected by at
             2300      least one of the factors, but not necessarily the same factor, listed in Subsection (1)(a)(iv); and
             2301          (B) the affected parcels comprise at least 66% of the acreage of the proposed project
             2302      area; or
             2303          (b) [is] the proposed project area includes some or all of a superfund site.
             2304          (2) No single parcel comprising 10% or more of the acreage of the proposed project
             2305      area may be counted as satisfying Subsection (1)(a)(iii) or (iv) unless at least 50% of the area of
             2306      that parcel is occupied by buildings or improvements.
             2307          [(2)] (3) (a) For purposes of Subsection (1), if a developer involved in the
             2308      redevelopment project [causes] has caused a condition listed in Subsection (1)(a)[(iii)](iv)
             2309      within the proposed project area, [the] that condition [caused by the developer] may not be
             2310      used in the determination of blight.
             2311          (b) Subsection [(2)] (3)(a) does not apply to a condition that was caused by an owner or
             2312      tenant who becomes a developer [under Section 17B-4-901 ].
             2313          Section 64. Section 17C-2-304 , which is renumbered from Section 17B-4-605 is
             2314      renumbered and amended to read:
             2315           [17B-4-605].     17C-2-304. Challenging a finding of blight -- Time limit -- De
             2316      novo review.
             2317          (1) If the board makes a finding of blight under [Section 17B-4-601 ] Subsection
             2318      17C-2-102 (1) and that finding is approved by resolution adopted by the taxing entity
             2319      committee, a record owner of property located within the proposed redevelopment project area
             2320      may challenge the finding by filing an action with the district court for the county in which the
             2321      property is located.


             2322          (2) Each challenge under Subsection (1) shall be filed within 30 days after the taxing
             2323      entity committee approves the board's finding of blight.
             2324          (3) In each action under this section[: (a)], the district court shall review [de novo] the
             2325      finding of blight[; and] under the standards of review provided in Subsection 10-9a-801 (3).
             2326          [(b) the agency maintains the burden of proof regarding the existence of blight.]
             2327          Section 65. Section 17C-2-401 , which is renumbered from Section 17B-4-801 is
             2328      renumbered and amended to read:
             2329     
Part 4. Redevelopment Hearings

             2330           [17B-4-801].     17C-2-401. Combining hearings.
             2331          A board may combine[: (1)] any combination of a blight hearing [with a public input
             2332      hearing; and (2)], a plan hearing [with], and a budget hearing.
             2333          Section 66. Section 17C-2-402 , which is renumbered from Section 17B-4-802 is
             2334      renumbered and amended to read:
             2335           [17B-4-802].     17C-2-402. Continuing a hearing.
             2336          [Pursuant to the provisions of Section 17B-4-705 ] Subject to Section 17C-2-403, the
             2337      board may continue from time to time a:
             2338          (1) blight hearing;
             2339          [(2) public input hearing;]
             2340          [(3) combined blight hearing and plan hearing under Subsection 17B-4-801 (1);]
             2341          [(4)] (2) plan hearing;
             2342          [(5)] (3) budget hearing; or
             2343          [(6)] (4) combined [plan] hearing [and budget hearing] under [Subsection
             2344      17B-4-801 (2)] Section 17C-2-401 .
             2345          Section 67. Section 17C-2-403 , which is renumbered from Section 17B-4-705 is
             2346      renumbered and amended to read:
             2347           [17B-4-705].     17C-2-403. Notice required for continued hearing.
             2348          The board shall give notice of a hearing continued under Section [ 17B-4-802 ]
             2349      17C-2-402 by announcing at the hearing:
             2350          (1) the date, time, and place the hearing will be resumed; or
             2351          (2) that it is being continued to a later time and causing a notice of the continued
             2352      hearing to be:


             2353          (a) published once in a newspaper of general circulation within the agency boundaries
             2354      at least seven days before the hearing is scheduled to resume; or
             2355          (b) if there is no newspaper of general circulation, posted in at least three conspicuous
             2356      places within the boundaries of the agency in which the project area or proposed project area is
             2357      located.
             2358          Section 68. Section 17C-2-501 , which is renumbered from Section 17B-4-701 is
             2359      renumbered and amended to read:
             2360     
Part 5. Redevelopment Notice Requirements

             2361           [17B-4-701].     17C-2-501. Agency to provide notice of hearings.
             2362          (1) Each agency shall provide notice, as provided in this part, of each:
             2363          (a) blight hearing;
             2364          [(b) public input hearing;]
             2365          [(c)] (b) plan hearing; and
             2366          [(d)] (c) budget hearing.
             2367          (2) [(a)] The notice required under Subsection (1) for [a blight hearing] any of the
             2368      hearings listed in that subsection may be combined with the notice required for [a public input
             2369      hearing if those two] any of the other hearings if the hearings are combined under [Subsection
             2370      17B-4-801 (1)] Section 17C-2-401 .
             2371          [(b) The notice required under Subsection (1) for a plan hearing may be combined with
             2372      the notice required for a budget hearing if those two hearings are combined under Subsection
             2373      17B-4-801 (2).]
             2374          Section 69. Section 17C-2-502 , which is renumbered from Section 17B-4-702 is
             2375      renumbered and amended to read:
             2376           [17B-4-702].     17C-2-502. Requirements for notice provided by agency.
             2377          (1) The notice required by Section [ 17B-4-701 ] 17C-2-501 shall be given by:
             2378          (a) (i) publishing one notice, excluding the map referred to in Subsection [(2)] (3)(b),
             2379      in a newspaper of general circulation within the county in which the project area or proposed
             2380      project area is located, at least [once a week for the four successive weeks immediately
             2381      preceding] 14 days before the hearing; or
             2382          (ii) if there is no newspaper of general circulation, posting notice at least 14 days
             2383      before the hearing in at least three conspicuous places within the county in which the project


             2384      area or proposed project area is located; and
             2385          (b) at least 30 days before the hearing:
             2386          (i) [sending] mailing notice [by certified mail] to[: (A)] each [assessment] record
             2387      owner of property located within the project area or proposed project area; and
             2388          [(B) each assessment owner of property located outside but within 300 feet of the
             2389      project area or proposed project area;]
             2390          (ii) mailing notice to:
             2391          (A) the State Tax Commission;
             2392          (B) the assessor and auditor of the county in which the project area or proposed project
             2393      area is located; and
             2394          (C) (I) each member of the taxing entity committee; or
             2395          (II) if a taxing entity committee has not yet been formed, the State Board of Education
             2396      and the legislative body or governing board of each taxing entity.
             2397          (2) The mailing of the notice to record property owners required under Subsection
             2398      (1)(b)(i) shall be conclusively considered to have been properly completed if:
             2399          (a) the agency mails the notice to the property owners as shown in the records,
             2400      including an electronic database, of the county recorder's office and at the addresses shown in
             2401      those records; and
             2402          (b) the county recorder's office records used by the agency in identifying owners to
             2403      whom the notice is mailed and their addresses were obtained or accessed from the county
             2404      recorder's office no earlier than 30 days before the mailing.
             2405          [(2)] (3) The agency shall include in each notice required under Section [ 17B-4-701 ]
             2406      17C-2-501 :
             2407          (a) (i) a specific description of the boundaries of the project area or proposed project
             2408      area; or
             2409          (ii) (A) a mailing address or telephone number where a person may request that a copy
             2410      of the description be sent at no cost to the person by mail or facsimile transmission; and
             2411          (B) if the agency has an Internet website, an Internet address where a person may gain
             2412      access to an electronic, printable copy of the description;
             2413          (b) a map of the boundaries of the project area or proposed project area;
             2414          (c) an explanation of the purpose of the hearing; and


             2415          (d) a statement of the date, time, and location of the hearing.
             2416          [(3)] (4) The agency shall include in each notice under Subsection (1)(b)(ii):
             2417          (a) a statement that property tax revenues resulting from an increase in valuation of
             2418      property within the project area or proposed project area will be paid to the agency for
             2419      redevelopment[, economic development, or education housing development] purposes rather
             2420      than to the taxing entity to which the tax revenues would otherwise have been paid if:
             2421          (i) a majority of the taxing entity committee consents to the project area budget; and
             2422          (ii) the project area plan provides for the agency to receive tax increment; and
             2423          (b) an invitation to the recipient of the notice to submit to the agency comments
             2424      concerning the subject matter of the hearing before the date of the hearing.
             2425          [(4)] (5) An agency may include in a notice under Subsection (1) any other information
             2426      the agency considers necessary or advisable, including the public purpose served by the project
             2427      and any future tax benefits expected to result from the project.
             2428          Section 70. Section 17C-2-503 , which is renumbered from Section 17B-4-703 is
             2429      renumbered and amended to read:
             2430           [17B-4-703].     17C-2-503. Additional requirements for notice of a blight
             2431      hearing.
             2432          [(1) The first notice to an assessment owner of property within a proposed
             2433      redevelopment project area for a public input hearing, blight hearing, or combined public input
             2434      and blight hearing under Subsection 17B-4-801 (1) shall include the statement required by
             2435      Section 17B-4-902 .]
             2436          [(2)] Each notice under Section [ 17B-4-702 ] 17C-2-502 for a blight hearing shall
             2437      include a statement that:
             2438          [(a)] (1) a redevelopment project area is being proposed;
             2439          [(b)] (2) the proposed redevelopment project area may be declared to have blight;
             2440          [(c)] (3) the record owner of property within the proposed project area has the right to
             2441      present evidence at the blight hearing contesting the existence of blight;
             2442          [(d)] (4) except for a hearing continued under Section 17C-2-402 , the agency will
             2443      notify the [assessment] record property owners referred to in Subsection [ 17B-4-702 ]
             2444      17C-2-502 (1)(b)(i) of each additional public hearing held by the agency concerning the
             2445      redevelopment project prior to the adoption of the redevelopment project area plan; and


             2446          [(e)] (5) persons contesting the existence of blight in the proposed redevelopment
             2447      project area may appear before the agency board and show cause why the proposed
             2448      redevelopment project area should not be designated as a redevelopment project area.
             2449          Section 71. Section 17C-2-504 , which is renumbered from Section 17B-4-704 is
             2450      renumbered and amended to read:
             2451           [17B-4-704].     17C-2-504. Additional requirements for notice of a plan
             2452      hearing.
             2453          Each notice under Section [ 17B-4-702 ] 17C-2-502 of a plan hearing shall include:
             2454          (1) a statement that any person objecting to the draft project area plan or contesting the
             2455      regularity of any of the proceedings to adopt it may appear before the agency board at the
             2456      hearing to show cause why the draft project area plan should not be adopted; and
             2457          (2) a statement that the proposed project area plan is available for inspection at the
             2458      agency offices.
             2459          Section 72. Section 17C-2-505 , which is renumbered from Section 17B-4-502 is
             2460      renumbered and amended to read:
             2461           [17B-4-502].     17C-2-505. Additional requirements for notice of a budget
             2462      hearing.
             2463          [(1) Each display advertisement published under Subsection 17B-4-501 (2)(d) shall
             2464      appear in a portion of the newspaper other than where legal notices and classified
             2465      advertisements appear.]
             2466          [(2)] Each [display advertisement published and] notice [posted] under [Subsection
             2467      17B-4-501 (2)(d)] Section 17C-2-502 of a budget hearing shall contain:
             2468          [(a)] (1) the following statement:
             2469          ["NOTICE OF BUDGET HEARING FOR (NAME OF PROJECT AREA)]
             2470          "The (name of agency) has requested $________ in property tax revenues that will be
             2471      generated by development within the (name of project area) to fund a portion of project costs
             2472      within the (name of project area). These property tax revenues will be used for the following:
             2473      (list major budget categories and amounts). These property taxes will be taxes levied by the
             2474      following governmental entities, and, assuming current tax rates, the taxes paid to the agency
             2475      for this project area from each taxing entity will be as follows: (list each taxing entity levying
             2476      taxes and the amount of total taxes that would be paid from each taxing entity). All of the


             2477      property taxes to be paid to the agency for the development in the project area are taxes that
             2478      will be generated only if the project area is developed.
             2479          All concerned citizens are invited to attend the project area budget hearing scheduled
             2480      for (date, time, and place of hearing). A copy of the (name of project area) project area budget
             2481      is available at the offices of (name of agency and office address)."; and
             2482          [(b)] (2) other information that the agency considers appropriate.
             2483          Section 73. Section 17C-3-101 is enacted to read:
             2484     
CHAPTER 3. ECONOMIC DEVELOPMENT

             2485     
Part 1. Economic Development Project Area Plan

             2486          17C-3-101. Resolution authorizing the preparation of a draft project area plan --
             2487      Request to adopt resolution.
             2488          (1) An agency board may begin the process of adopting an economic development
             2489      project area plan by adopting a resolution that authorizes the preparation of a draft project area
             2490      plan.
             2491          (2) (a) Any person or any group, association, corporation, or other entity may submit a
             2492      written request to the board to adopt a resolution under Subsection (1).
             2493          (b) A request under Subsection (2)(a) may include plans showing the economic
             2494      development proposed for an area within the agency's boundaries.
             2495          (c) The board may, in its sole discretion, grant or deny a request under Subsection
             2496      (2)(a).
             2497          Section 74. Section 17C-3-102 is enacted to read:
             2498          17C-3-102. Process for adopting an economic development project area plan --
             2499      Prerequisites -- Restrictions.
             2500          (1) In order to adopt an economic development project area plan, after adopting a
             2501      resolution under Subsection 17C-3-101 (1) the agency shall:
             2502          (a) prepare a draft of an economic development project area plan and conduct any
             2503      examination, investigation, and negotiation regarding the project area plan that the agency
             2504      considers appropriate;
             2505          (b) make the draft project area plan available to the public at the agency's offices
             2506      during normal business hours;
             2507          (c) provide notice of the plan hearing as provided in Part 4, Economic Development


             2508      Notice Requirements;
             2509          (d) hold a public hearing on the draft project area plan and, at that public hearing:
             2510          (i) allow public comment on:
             2511          (A) the draft project area plan; and
             2512          (B) whether the draft project area plan should be revised, approved, or rejected; and
             2513          (ii) receive all written and hear all oral objections to the draft project area plan;
             2514          (e) before holding the plan hearing, provide an opportunity for the State Board of
             2515      Education and each taxing entity that levies a tax on property within the proposed project area
             2516      to consult with the agency regarding the draft project area plan;
             2517          (f) after holding the plan hearing, at the same meeting or at a subsequent meeting
             2518      consider:
             2519          (i) the oral and written objections to the draft project area plan and evidence and
             2520      testimony for or against adoption of the draft project area plan; and
             2521          (ii) whether to revise, approve, or reject the draft project area plan;
             2522          (g) approve the draft project area plan, with or without revisions, as the project area
             2523      plan by a resolution that complies with Section 17C-3-105 ; and
             2524          (h) submit the project area plan to the community legislative body for adoption.
             2525          (2) An agency may not propose a project area plan under Subsection (1) unless the
             2526      community in which the proposed project area is located:
             2527          (a) has a planning commission; and
             2528          (b) has adopted a general plan under:
             2529          (i) if the community is a city or town, Title 10, Chapter 9a, Part 4, General Plan; or
             2530          (ii) if the community is a county, Title 17, Chapter 27a, Part 4, General Plan.
             2531          (3) An agency board may not approve a project area plan more than one year after the
             2532      date of the plan hearing.
             2533          (4) (a) Except as provided in Subsection (4)(b), a draft project area plan may not be
             2534      modified to add real property to the proposed project area unless the board holds a plan hearing
             2535      to consider the addition and gives notice of the plan hearing as required under Part 4,
             2536      Economic Development Notice Requirements.
             2537          (b) The notice and hearing requirements under Subsection (4)(a) do not apply to a draft
             2538      project area plan being modified to add real property to the proposed project area if:


             2539          (i) the property is contiguous to the property already included in the proposed project
             2540      area under the draft project area plan; and
             2541          (ii) the record owner of the property consents to adding the real property to the
             2542      proposed project area.
             2543          Section 75. Section 17C-3-103 is enacted to read:
             2544          17C-3-103. Project area plan requirements.
             2545          (1) Each economic development project area plan and draft project area plan shall:
             2546          (a) describe the boundaries of the project area;
             2547          (b) contain a general statement of the land uses, layout of principal streets, population
             2548      densities, and building intensities of the project area and how they will be affected by the
             2549      economic development;
             2550          (c) state the standards that will guide the economic development;
             2551          (d) show how the purposes of this title will be attained by the economic development;
             2552          (e) be consistent with the general plan of the community in which the project area is
             2553      located and show that the economic development will conform to the community's general
             2554      plan;
             2555          (f) describe how the economic development will create additional jobs;
             2556          (g) describe any specific project or projects that are the object of the proposed
             2557      economic development;
             2558          (h) identify how private developers, if any, will be selected to undertake the economic
             2559      development and identify each private developer currently involved in the economic
             2560      development process;
             2561          (i) state the reasons for the selection of the project area;
             2562          (j) describe the physical, social, and economic conditions existing in the project area;
             2563          (k) describe any tax incentives offered private entities for facilities located in the
             2564      project area;
             2565          (l) include an analysis, as provided in Subsection (2), of whether adoption of the
             2566      project area plan is beneficial under a benefit analysis;
             2567          (m) if any of the existing buildings or uses in the project area are included in or eligible
             2568      for inclusion in the National Register of Historic Places or the State Register, state that the
             2569      agency shall comply with Subsection 9-8-404 (1) as though the agency were a state agency; and


             2570          (n) include other information that the agency determines to be necessary or advisable.
             2571          (2) Each analysis under Subsection (1)(l) shall consider:
             2572          (a) the benefit of any financial assistance or other public subsidy proposed to be
             2573      provided by the agency, including:
             2574          (i) an evaluation of the reasonableness of the costs of economic development;
             2575          (ii) efforts the agency or developer has made or will make to maximize private
             2576      investment;
             2577          (iii) the rationale for use of tax increment, including an analysis of whether the
             2578      proposed development might reasonably be expected to occur in the foreseeable future solely
             2579      through private investment; and
             2580          (iv) an estimate of the total amount of tax increment that will be expended in
             2581      undertaking economic development and the length of time for which it will be expended; and
             2582          (b) the anticipated public benefit to be derived from the economic development,
             2583      including:
             2584          (i) the beneficial influences upon the tax base of the community;
             2585          (ii) the associated business and economic activity likely to be stimulated; and
             2586          (iii) the number of jobs or employment anticipated to be generated or preserved.
             2587          Section 76. Section 17C-3-104 is enacted to read:
             2588          17C-3-104. Existing and historic buildings and uses.
             2589          If any of the existing buildings or uses in a project area are included in or eligible for
             2590      inclusion in the National Register of Historic Places or the State Register, the agency shall
             2591      comply with Subsection 9-8-404 (1) as though the agency were a state agency.
             2592          Section 77. Section 17C-3-105 is enacted to read:
             2593          17C-3-105. Board resolution approving project area plan -- Requirements.
             2594          Each board resolution approving a draft economic development project area plan as the
             2595      project area plan under Subsection 17C-3-102 (1)(g) shall contain:
             2596          (1) a legal description of the boundaries of the project area that is the subject of the
             2597      project area plan;
             2598          (2) the agency's purposes and intent with respect to the project area;
             2599          (3) the project area plan incorporated by reference; and
             2600          (4) the board findings and determinations that:


             2601          (a) there is a need to effectuate a public purpose;
             2602          (b) there is a public benefit under the analysis described in Subsection 17C-3-103 (2);
             2603          (c) it is economically sound and feasible to adopt and carry out the project area plan;
             2604          (d) the project area plan conforms to the community's general plan; and
             2605          (e) carrying out the project area plan will promote the public peace, health, safety, and
             2606      welfare of the community in which the project area is located.
             2607          Section 78. Section 17C-3-106 is enacted to read:
             2608          17C-3-106. Plan to be adopted by community legislative body.
             2609          (1) A project area plan approved by board resolution under Subsection
             2610      17C-3-102 (1)(g) may not take effect until it has been adopted by ordinance of the legislative
             2611      body of the community that created the agency and notice under Section 17C-3-107 is
             2612      provided.
             2613          (2) Each ordinance under Subsection (1) shall:
             2614          (a) be adopted by the community legislative body after the board's approval of a
             2615      resolution under Subsection 17C-3-102 (1)(g); and
             2616          (b) designate the approved project area plan as the official economic development plan
             2617      of the project area.
             2618          Section 79. Section 17C-3-107 is enacted to read:
             2619          17C-3-107. Notice of project area plan adoption -- Effective date of plan --
             2620      Contesting the formation of the plan.
             2621          (1) (a) Upon the community legislative body's adoption of a project area plan, the
             2622      legislative body shall provide notice as provided in Subsection (1)(b) by:
             2623          (i) publishing or causing to be published a notice in a newspaper of general circulation
             2624      within the agency's boundaries; or
             2625          (ii) if there is no newspaper of general circulation within the agency's boundaries,
             2626      causing a notice to be posted in at least three public places within the agency's boundaries.
             2627          (b) Each notice under Subsection (1)(a) shall:
             2628          (i) set forth the community legislative body's ordinance adopting the project area plan
             2629      or a summary of the ordinance; and
             2630          (ii) include a statement that the project area plan is available for general public
             2631      inspection and the hours for inspection.


             2632          (2) The project area plan shall become effective on the date of:
             2633          (a) if notice was published under Subsection (1)(a), publication of the notice; or
             2634          (b) if notice was posted under Subsection (1)(a), posting of the notice.
             2635          (3) (a) For a period of 30 days after the effective date of the project area plan under
             2636      Subsection (2), any person in interest may contest the project area plan or the procedure used to
             2637      adopt the project area plan if the plan or procedure fails to comply with applicable statutory
             2638      requirements.
             2639          (b) After the 30-day period under Subsection (3)(a) expires, no person may contest the
             2640      project area plan or procedure used to adopt the project area plan for any cause.
             2641          (4) Upon adoption of the project area plan by the community's legislative body, the
             2642      agency may carry out the project area plan.
             2643          (5) Each agency shall make the adopted project area plan available to the general
             2644      public at its offices during normal business hours.
             2645          Section 80. Section 17C-3-108 is enacted to read:
             2646          17C-3-108. Agency required to transmit and record documents after adoption of
             2647      project area plan.
             2648          Within 30 days after the community legislative body adopts, under Section 17C-3-106 ,
             2649      an economic development project area plan, the agency shall:
             2650          (1) record with the recorder of the county in which the project area is located a
             2651      document containing:
             2652          (a) a description of the land within the project area;
             2653          (b) a statement that the project area plan for the project area has been adopted; and
             2654          (c) the date of adoption;
             2655          (2) transmit a copy of the description of the land within the project area and an accurate
             2656      map or plat indicating the boundaries of the project area to the Automated Geographic
             2657      Reference Center created under Section 63F-1-506 ; and
             2658          (3) for a project area plan that provides for the payment of tax increment to the agency,
             2659      transmit a copy of the description of the land within the project area, a copy of the community
             2660      legislative body ordinance adopting the project area plan, and a map or plat indicating the
             2661      boundaries of the project area to:
             2662          (a) the auditor, recorder, attorney, surveyor, and assessor of each county in which any


             2663      part of the project area is located;
             2664          (b) the officer or officers performing the function of auditor or assessor for each taxing
             2665      entity that does not use the county assessment roll or collect its taxes through the county;
             2666          (c) the legislative body or governing board of each taxing entity;
             2667          (d) the State Tax Commission; and
             2668          (e) the State Board of Education.
             2669          Section 81. Section 17C-3-109 is enacted to read:
             2670          17C-3-109. Amending an economic development project area plan.
             2671          (1) An adopted economic development project area plan may be amended as provided
             2672      in this section.
             2673          (2) If an agency proposes to amend an adopted economic development project area
             2674      plan to enlarge the project area:
             2675          (a) the requirements under this part that apply to adopting a project area plan apply
             2676      equally to the proposed amendment as if it were a proposed project area plan;
             2677          (b) the base year taxable value for the new area added to the project area shall be
             2678      determined under Subsection 17C-1-102 (6)(b) using the date of the taxing entity committee's
             2679      consent referred to in Subsection (2)(c); and
             2680          (c) the agency shall obtain the consent of the taxing entity committee before the agency
             2681      may collect tax increment from the area added to the project area by the amendment.
             2682          (3) If a proposed amendment does not propose to enlarge a project area, an agency
             2683      board may adopt a resolution approving an amendment to an adopted project area plan after:
             2684          (a) the agency gives notice, as provided in Section 17C-3-402 , of the proposed
             2685      amendment and of the public hearing required by Subsection (3)(b);
             2686          (b) the agency board holds a public hearing on the proposed amendment that meets the
             2687      requirements of a plan hearing;
             2688          (c) the agency obtains the taxing entity committee's consent to the amendment, if the
             2689      amendment proposes:
             2690          (i) to enlarge the area within the project area from which tax increment is collected; or
             2691          (ii) to permit the agency to receive a greater percentage of tax increment or to receive
             2692      tax increment for a longer period of time than allowed under the adopted project area plan; and
             2693          (d) the agency obtains the consent of the legislative body or governing board of each


             2694      taxing entity affected, if the amendment proposes to permit the agency to receive, from less
             2695      than all taxing entities, a greater percentage of tax increment or to receive tax increment for a
             2696      longer period of time, or both, than allowed under the adopted project area plan.
             2697          (4) (a) An adopted project area plan may be amended without complying with the
             2698      notice and public hearing requirements of Subsections (2)(a) and (3)(a) and (b) and without
             2699      obtaining taxing entity committee approval under Subsection (3)(c) if the amendment:
             2700          (i) makes a minor adjustment in the legal description of a project area boundary
             2701      requested by a county assessor or county auditor to avoid inconsistent property boundary lines;
             2702      or
             2703          (ii) subject to Subsection (4)(b), removes a parcel of real property from a project area
             2704      because the agency determines that inclusion of the parcel is no longer necessary or desirable to
             2705      the project area.
             2706          (b) An amendment removing a parcel of real property from a project area under
             2707      Subsection (4)(a) may not be made without the consent of the record property owner of the
             2708      parcel being removed.
             2709          (5) (a) An amendment approved by board resolution under this section may not take
             2710      effect until adopted by ordinance of the legislative body of the community in which the project
             2711      area that is the subject of the project area plan being amended is located.
             2712          (b) Upon a community legislative body passing an ordinance adopting an amendment
             2713      to a project area plan, the agency whose project area plan was amended shall comply with the
             2714      requirements of Section 17C-3-108 to the same extent as if the amendment were a project area
             2715      plan.
             2716          Section 82. Section 17C-3-201 is enacted to read:
             2717     
Part 2. Economic Development Project Area Budget

             2718          17C-3-201. Project area budget -- Requirements for adopting -- Contesting the
             2719      budget or procedure -- Time limit.
             2720          (1) If an agency anticipates funding all or a portion of a post-June 30, 1993 economic
             2721      development project area plan with tax increment, the agency shall, subject to Section
             2722      17C-3-202 , adopt a project area budget as provided in this part.
             2723          (2) To adopt an economic development project area budget, the agency shall:
             2724          (a) prepare a draft of an economic development project area budget;


             2725          (b) make a copy of the draft project area budget available to the public at the agency's
             2726      offices during normal business hours;
             2727          (c) provide notice of the budget hearing as required by Part 4, Economic Development
             2728      Notice Requirements;
             2729          (d) hold a public hearing on the draft project area budget and, at that public hearing,
             2730      allow public comment on:
             2731          (i) the draft project area budget; and
             2732          (ii) whether the draft project area budget should be revised, adopted, or rejected;
             2733          (e) (i) if required under Subsection 17C-3-203 (1), obtain the approval of the taxing
             2734      entity committee on the draft project area budget or a revised version of the draft project area
             2735      budget; or
             2736          (ii) if applicable, comply with the requirements of Subsection 17C-3-203 (2); and
             2737          (f) after the budget hearing, hold a board meeting in the same meeting as the public
             2738      hearing or in a subsequent meeting to:
             2739          (i) consider comments made and information presented at the public hearing relating to
             2740      the draft project area budget; and
             2741          (ii) adopt by resolution the draft project area budget, with any revisions, as the project
             2742      area budget.
             2743          (3) (a) For a period of 30 days after the agency's adoption of the project area budget
             2744      under Subsection (2)(f), any person in interest may contest the project area budget or the
             2745      procedure used to adopt the project area budget if the budget or procedure fails to comply with
             2746      applicable statutory requirements.
             2747          (b) After the 30-day period under Subsection (3)(a) expires, no person may contest the
             2748      project area budget or procedure used to adopt the project area budget for any cause.
             2749          Section 83. Section 17C-3-202 is enacted to read:
             2750          17C-3-202. Part of tax increment funds to be used for housing -- Waiver of
             2751      requirement.
             2752          (1) (a) Except as provided in Subsection (1)(b), each economic development project
             2753      area budget adopted on or after May 1, 2000 that provides for more than $100,000 of annual
             2754      tax increment to be paid to the agency shall allocate at least 20% of the tax increment for
             2755      housing as provided in Section 17C-1-412 .


             2756          (b) The 20% requirement of Subsection (1)(a) may be waived:
             2757          (i) in part or whole by the mutual consent of the loan fund board and the taxing entity
             2758      committee if they determine that 20% of tax increment is more than is needed to address the
             2759      community's need for income targeted housing; or
             2760          (ii) in fifth and sixth class counties, by the taxing entity committee for economic
             2761      development project area budgets adopted on or after May 1, 2002, if the economic
             2762      development project area consists of an area without housing units.
             2763          (2) An economic development project area budget not required under Subsection (1)(a)
             2764      to allocate tax increment for housing may allocate 20% of tax increment payable to the agency
             2765      over the life of the project area for housing as provided in Section 17C-1-412 if the project area
             2766      budget is under a project area plan that is adopted on or after July 1, 1998.
             2767          Section 84. Section 17C-3-203 is enacted to read:
             2768          17C-3-203. Consent of taxing entity committee.
             2769          (1) (a) Except as provided in Subsection (1)(b) and subject to Subsection (2), each
             2770      agency shall obtain the consent of the taxing entity committee for each economic development
             2771      project area budget under a post-June 30, 1993 economic development project area plan before
             2772      the agency may collect any tax increment from the project area.
             2773          (b) For an economic development project area budget adopted from July 1, 1998
             2774      through May 1, 2000 that allocates 20% or more of the tax increment for housing as provided
             2775      in Section 17C-1-412 , an agency:
             2776          (i) need not obtain the consent of the taxing entity committee for the project area
             2777      budget; and
             2778          (ii) may not collect any tax increment from all or part of the project area until after:
             2779          (A) the loan fund board has certified the project area budget as complying with the
             2780      requirements of Section 17C-1-412 ; and
             2781          (B) the agency board has approved and adopted the project area budget by a two-thirds
             2782      vote.
             2783          (2) (a) Before a taxing entity committee may consent to a project area budget adopted
             2784      on or after May 1, 2000 that is required under Subsection 17C-3-202 (1)(a) to allocate 20% of
             2785      tax increment for housing, the agency shall:
             2786          (i) adopt a housing plan showing the uses for the housing funds; and


             2787          (ii) provide a copy of the housing plan to the taxing entity committee and the loan fund
             2788      board.
             2789          (b) If an agency amends a housing plan prepared under Subsection (2)(a), the agency
             2790      shall provide a copy of the amendment to the taxing entity committee and the loan fund board.
             2791          Section 85. Section 17C-3-204 is enacted to read:
             2792          17C-3-204. Filing a copy of the economic development project area budget.
             2793          Each agency adopting an economic development project area budget shall:
             2794          (1) within 30 days after adopting the project area budget, file a copy of the project area
             2795      budget with the auditor of the county in which the project area is located, the State Tax
             2796      Commission, the state auditor, the State Board of Education, and each taxing entity affected by
             2797      the agency's collection of tax increment under the project area budget; and
             2798          (2) if the project area budget allocates tax increment for housing under Section
             2799      17C-1-412 , file a copy of the project area budget with the loan fund board.
             2800          Section 86. Section 17C-3-205 is enacted to read:
             2801          17C-3-205. Amending a project area budget.
             2802          (1) An agency may by resolution amend an economic development project area budget
             2803      as provided in this section.
             2804          (2) To amend an adopted economic development project area budget, the agency shall:
             2805          (a) advertise and hold one public hearing on the proposed amendment as provided in
             2806      Subsection (3);
             2807          (b) obtain the approval of the taxing entity committee if the agency was required under
             2808      Section 17C-3-203 to obtain the consent of the taxing entity committee for the project area
             2809      budget as originally adopted; and
             2810          (c) adopt a resolution amending the project area budget.
             2811          (3) The public hearing required under Subsection (2)(a) shall be conducted according
             2812      to the procedures and requirements of Section 17C-3-201 , except that if the amended project
             2813      area budget proposes that the agency be paid a greater proportion of tax increment from a
             2814      project area than was to be paid under the previous project area budget, the notice shall state
             2815      the percentage paid under the previous project area budget and the percentage proposed under
             2816      the amended project area budget.
             2817          (4) If a proposed amendment is not adopted, the agency shall continue to operate under


             2818      the previously adopted economic development project area budget without the proposed
             2819      amendment.
             2820          Section 87. Section 17C-3-301 is enacted to read:
             2821     
Part 3. Economic Development Hearings

             2822          17C-3-301. Combining hearings.
             2823          A board may combine a plan hearing with a budget hearing.
             2824          Section 88. Section 17C-3-302 is enacted to read:
             2825          17C-3-302. Continuing a hearing.
             2826          Subject to Section 17C-3-303 , the board may continue from time to time a:
             2827          (1) plan hearing;
             2828          (2) budget hearing; or
             2829          (3) combined plan hearing and budget hearing under Section 17C-3-301 .
             2830          Section 89. Section 17C-3-303 is enacted to read:
             2831          17C-3-303. Notice required for continued hearing.
             2832          The board shall give notice of a hearing continued under Section 17C-3-302 by
             2833      announcing at the hearing:
             2834          (1) the date, time, and place the hearing will be resumed; or
             2835          (2) that it is being continued to a later time and causing a notice of the continued
             2836      hearing to be:
             2837          (a) published once in a newspaper of general circulation within the agency boundaries
             2838      at least seven days before the hearing is scheduled to resume; or
             2839          (b) if there is no newspaper of general circulation, posted in at least three conspicuous
             2840      places within the boundaries of the agency in which the project area or proposed project area is
             2841      located.
             2842          Section 90. Section 17C-3-401 is enacted to read:
             2843     
Part 4. Economic Development Notice Requirements

             2844          17C-3-401. Agency to provide notice of hearings.
             2845          (1) Each agency shall provide notice, as provided in this part, of each:
             2846          (a) plan hearing; and
             2847          (b) budget hearing.
             2848          (2) The notice required under Subsection (1) for a plan hearing may be combined with


             2849      the notice required for a budget hearing if those two hearings are combined under Section
             2850      17C-3-301 .
             2851          Section 91. Section 17C-3-402 is enacted to read:
             2852          17C-3-402. Requirements for notice provided by agency.
             2853          (1) The notice required by Section 17C-3-401 shall be given by:
             2854          (a) (i) publishing one notice, excluding the map referred to in Subsection (3)(b), in a
             2855      newspaper of general circulation within the county in which the project area or proposed
             2856      project area is located, at least 14 days before the hearing; or
             2857          (ii) if there is no newspaper of general circulation, posting notice in at least three
             2858      conspicuous places within the county in which the project area or proposed project area is
             2859      located; and
             2860          (b) at least 30 days before the hearing, mailing notice to:
             2861          (i) each record owner of property located within the project area or proposed project
             2862      area;
             2863          (ii) the State Tax Commission;
             2864          (iii) the assessor and auditor of the county in which the project area or proposed project
             2865      area is located; and
             2866          (iv) (A) each member of the taxing entity committee; or
             2867          (B) if a taxing entity committee has not yet been formed, the State Board of Education
             2868      and the legislative body or governing board of each taxing entity.
             2869          (2) The mailing of notice to record property owners required under Subsection (1)(b)(i)
             2870      shall be conclusively considered to have been properly completed if:
             2871          (a) the agency mails the notice to the property owners as shown in the records,
             2872      including an electronic database, of the county recorder's office and at the addresses shown in
             2873      those records; and
             2874          (b) the county recorder's office records used by the agency in identifying owners to
             2875      whom the notice is mailed and their addresses were obtained or accessed from the county
             2876      recorder's office no earlier than 30 days before the mailing.
             2877          (3) The agency shall include in each notice required under Section 17C-3-401 :
             2878          (a) (i) a specific description of the boundaries of the economic development project
             2879      area or proposed project area; or


             2880          (ii) (A) a mailing address or telephone number where a person may request that a copy
             2881      of the description be sent at no cost to the person by mail or facsimile transmission; and
             2882          (B) if the agency has an Internet website, an Internet address where a person may gain
             2883      access to an electronic, printable copy of the description;
             2884          (b) a map of the boundaries of the project area or proposed project area;
             2885          (c) an explanation of the purpose of the hearing; and
             2886          (d) a statement of the date, time, and location of the hearing.
             2887          (4) The agency shall include in each notice under Subsections (1)(b)(ii), (iii), and (iv):
             2888          (a) a statement that property tax revenues resulting from an increase in valuation of
             2889      property within the economic development project area or proposed project area will be paid to
             2890      the agency for economic development purposes rather than to the taxing entity to which the tax
             2891      revenues would otherwise have been paid if:
             2892          (i) a majority of the taxing entity committee consents to the project area budget; and
             2893          (ii) the project area plan provides for the agency to receive tax increment; and
             2894          (b) an invitation to the recipient of the notice to submit to the agency comments
             2895      concerning the subject matter of the hearing before the date of the hearing.
             2896          (5) An agency may include in a notice under Subsection (1) any other information the
             2897      agency considers necessary or advisable, including the public purpose served by the project and
             2898      any future tax benefits expected to result from the project.
             2899          Section 92. Section 17C-3-403 is enacted to read:
             2900          17C-3-403. Additional requirements for notice of a plan hearing.
             2901          Each notice under Section 17C-3-402 of a plan hearing shall include:
             2902          (1) a statement that any person objecting to the draft project area plan or contesting the
             2903      regularity of any of the proceedings to adopt it may appear before the agency board at the
             2904      hearing to show cause why the draft project area plan should not be adopted; and
             2905          (2) a statement that the proposed economic development project area plan is available
             2906      for inspection at the agency offices.
             2907          Section 93. Section 17C-3-404 is enacted to read:
             2908          17C-3-404. Additional requirements for notice of a budget hearing.
             2909          Each notice under Subsection 17C-3-201 (2)(c) of a budget hearing shall contain:
             2910          (1) the following statement:


             2911          "The (name of agency) has requested $________ in property tax revenues that will be
             2912      generated by development within the (name of project area) to fund a portion of project costs
             2913      within the (name of project area). These property tax revenues will be used for the following:
             2914      (list major budget categories and amounts). These property taxes will be taxes levied by the
             2915      following governmental entities, and, assuming current tax rates, the taxes paid to the agency
             2916      for this project area from each taxing entity will be as follows: (list each taxing entity levying
             2917      taxes and the amount of total taxes that would be paid from each taxing entity). All of the
             2918      property taxes to be paid to the agency for the economic development in the project area are
             2919      taxes that will be generated only if the project area is developed.
             2920          All concerned citizens are invited to attend the project area budget hearing scheduled
             2921      for (date, time, and place of hearing). A copy of the (name of project area) project area budget
             2922      is available at the offices of (name of agency and office address)."; and
             2923          (2) other information that the agency considers appropriate.
             2924          Section 94. Section 17C-4-101 is enacted to read:
             2925     
CHAPTER 4. COMMUNITY DEVELOPMENT

             2926     
Part 1. Community Development Project Area Plan

             2927          17C-4-101. Resolution authorizing the preparation of a community development
             2928      draft project area plan -- Request to adopt resolution.
             2929          (1) An agency board may begin the process of adopting a community development
             2930      project area plan by adopting a resolution that authorizes the preparation of a draft community
             2931      development project area plan.
             2932          (2) (a) Any person or any group, association, corporation, or other entity may submit a
             2933      written request to the board to adopt a resolution under Subsection (1).
             2934          (b) A request under Subsection (2)(a) may include plans showing the community
             2935      development proposed for an area within the agency's boundaries.
             2936          (c) The board may, in its sole discretion, grant or deny a request under Subsection
             2937      (2)(a).
             2938          Section 95. Section 17C-4-102 is enacted to read:
             2939          17C-4-102. Process for adopting project area plan -- Prerequisites -- Restrictions.
             2940          (1) In order to adopt a community development project area plan, after adopting a
       &n