Statewide property tax system funding for counties -- Disbursements to the Multicounty Appraisal Trust -- Use of funds.
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(1) The funds deposited into the Multicounty Appraisal Trust in accordance with Section 59-2-1602 shall be used to provide funding for a statewide property tax system that will promote:
(a) the accurate valuation of property;
(b) the establishment and maintenance of uniform assessment levels among counties within the state;
(c) efficient administration of the property tax system, including the costs of assessment, collection, and distribution of property taxes; and
(d) the uniform filing of a signed statement a county assessor requests under Section 59-2-306, including implementation of a statewide electronic filing system.
(2) The trustee of the Multicounty Appraisal Trust shall:
(a) determine which projects to fund; and
(b) oversee the administration of a statewide property tax system.