PocketLaw | Utah Code | Project Area Funds

Project Area Funds

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Title.

Agency receipt and use of project area funds -- Distribution of project area funds.

Taxing entity committee.

Tax increment under a pre-July 1, 1993, project area plan.

Tax increment under a post-June 30, 1993, project area plan.

Tax increment under a project area plan adopted on or after May 1, 2006.

Additional tax increment under certain post-June 30, 1993, project area plans.

Limitations on tax increment.

Base taxable value to be adjusted to reflect other changes.

Allowable uses of agency funds.

Agency may make payments to other taxing entities.

Use of project area funds for housing-related improvements and for relocating mobile home park residents -- Funds to be held in separate accounts.

Use of housing allocation -- Separate accounting required -- Issuance of bonds for housing -- Action to compel agency to provide housing allocation.

Base taxable value for new tax.

Project area boundaries that divide a tax parcel -- Deletion of parcel from tax increment calculation.

Obligations of agencies that use tax increment to pay for communication infrastructure or facility.

Extension of collection period for project areas impacted by COVID-19 emergency -- Requirements -- Limitations.