Utah § 17B-1-1405 Use of revenue from a qualified development zone.

Utah Statutes

§ 17B-1-1405 — Use of revenue from a qualified development zone.

Utah § 17B-1-1405

Title 17BLimited Purpose Local Government Entities - Special Districts

Ch. 17B-1Provisions Applicable to All Special Districts

Part 17B-1-14Basic Special District

This text of Utah § 17B-1-1405 (Use of revenue from a qualified development zone.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 17B-1-1405 (2026).

Text

(1)As used in this section:

(1)(a) "Eligible basic special district" means a basic special district:

(1)(a)(i) created before April 15, 2011; and

(1)(a)(ii) that issued limited general obligation bonds in 2024.

(1)(b) "Qualified development zone" means the same as that term is defined in Subsection 59-12-205(7)(a)(ii)(E).

(2)An eligible basic special district may receive revenue from the tax imposed under Section 59-12-205.

(3)An eligible basic special district that receives revenue as described in Subsection (2) shall use the revenue:

(3)(a) for any purpose the basic special district is authorized to perform under this chapter; and

(3)(b) (3)(b)(i) in a manner approved by the municipality where the qualified development zone is located; or

(3)(b)(ii) in a manner approved by a county, i

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(1) As used in this section:
(1)(a) "Eligible basic special district" means a basic special district:
(1)(a)(i) created before April 15, 2011; and
(1)(a)(ii) that issued limited general obligation bonds in 2024.
(1)(b) "Qualified development zone" means the same as that term is defined in Subsection 59-12-205(7)(a)(ii)(E).
(2) An eligible basic special district may receive revenue from the tax imposed under Section 59-12-205.
(3) An eligible basic special district that receives revenue as described in Subsection (2) shall use the revenue:
(3)(a) for any purpose the basic special district is authorized to perform under this chapter; and
(3)(b) (3)(b)(i) in a manner approved by the municipality where the qualified development zone is located; or
(3)(b)(ii) in a manner approved by a county, if the qualified development zone is located in an unincorporated area of the county.