Interlocal agreement to provide project area funds for the community reinvestment project area subject to interlocal agreement -- Notice -- Effective date of interlocal agreement -- Time to contest interlocal agreement -- Availability of interlocal agreement.
Interlocal agreement to provide project area funds for the community reinvestment project area subject to interlocal agreement -- Notice -- Effective date of interlocal agreement -- Time to contest interlocal agreement -- Availability of interlocal agreement.
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(1) An agency shall:
(a) approve and adopt an interlocal agreement described in Section 17C-5-204 at an open and public meeting; and
(b) provide a notice of the meeting titled "Diversion of Property Tax for a Community Reinvestment Project Area."
(2)
(a) Upon the execution of an interlocal agreement described in Section 17C-5-204, the agency shall provide notice of the execution by:
(i) causing the notice to be posted in at least three public places within the agency's boundaries; and
(ii) posting the notice or causing the notice to be posted on the Utah Public Notice Website created in Section 63A-16-601.
(b) A notice described in Subsection (2)(a) shall include:
(i) a summary of the interlocal agreement; and
(ii) a statement that the interlocal agreement:
(A) is available for public inspection and the hours for inspection; and
(B) authorizes the agency to receive all or a portion of a taxing entity's tax increment or sales and use tax revenue.
(3) An interlocal agreement described in Section 17C-5-204 is effective the day on which the notice described in Subsection (2) is posted in accordance with Subsection (2)(a).
(4)
(a) Within 30 days after the day on which the interlocal agreement is effective, a person may contest the interlocal agreement or the procedure used to adopt the interlocal agreement if the interlocal agreement or procedure fails to comply with a provision of this title.
(b) After the 30-day period described in Subsection (4)(a) expires, a person may not contest:
(i) the interlocal agreement;
(ii) a distribution of tax increment to the agency under the interlocal agreement; or
(iii) the agency's use of project area funds under the interlocal agreement.
(5) A taxing entity that enters into an interlocal agreement under Section 17C-5-204 shall make a copy of the interlocal agreement available to the public at the taxing entity's office for inspection and copying during normal business hours.