§ 63H-1-705 — Audit report.

(1) The authority shall, within 180 days after the end of the authority's fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the authority collects property tax allocation.
(2) Each audit report under Subsection (1) shall include:

(2)(a) the property tax allocation collected by the authority for each project area;
(2)(b) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the authority's project areas; and
(2)(c) the actual amount expended for:
(2)(c)(i) acquisition of property;
(2)(c)(ii) site improvements or site preparation costs;
(2)(c)(iii) installation of public utilities or other public improvements; and
(2)(c)(iv) administrative costs of the authority.

Legislative History

Amended by Chapter 377, 2015 General Session