Utah Statutes
§ 17C-4-204 — Adoption of a budget for a community development project area plan -- Amendment.
Utah·Title 17C Limited Purpose Local Government Entities - Community Reinvestment Agency Act·Ch. 17C-4 Community Development·Part 17C-4-2 Funds for Community Development Project from Other Entities
(1)An agency may prepare and, by resolution adopted at a regular or special meeting of the board, adopt a community development project area budget setting forth:
(1)(a) the anticipated costs, including administrative costs, of implementing the community development project area plan; and
(1)(b) the tax increment, sales and use tax revenue, and other revenue the agency anticipates receiving to fund the project.
(2)An agency may, by resolution adopted at a regular or special meeting of the board, amend a budget adopted under Subsection (1).
(3)Each resolution to adopt or amend a budget under this section shall appear as an item on the agenda for the regular or special board meeting at which the resolution is adopted without additional required notice.
(4)An agency is not required to ob
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Legislative History
Amended by Chapter 350, 2016 General Session
Nearby Sections
15
§ 17C-1-1001
Definitions.§ 17C-1-1004
Plan hearing -- Implementation plan -- Use of an agency's property tax revenue -- Eminent domain.§ 17C-1-101
Title.§ 17C-1-102
Definitions.§ 17C-1-102.5
Project area created on or after May 10, 2016.§ 17C-1-103
Limitations on applicability of title -- Amendment of previously adopted project area plan.§ 17C-1-104
Actions not subject to land use laws.§ 17C-1-201.1
Title.§ 17C-1-201.5
Creation of agency -- Name change.§ 17C-1-202
Agency powers.§ 17C-1-203
Agency board -- Quorum.