2006 Utah Code - 10-1-302 — Purpose and intent.

     10-1-302.   Purpose and intent.
     The Legislature finds that:
     (1) the energy industry has previously been highly regulated and monopolistic;
     (2) municipalities have historically raised general fund revenues by collecting franchise and business license revenues from the energy industry;
     (3) substantial restructuring of the energy industry has created an opportunity for increased competition within the energy industry;
     (4) the restructuring of the energy industry has diminished the effectiveness and fairness of the revenues collected by municipalities;
     (5) to provide for a stable revenue source for municipalities and to create a more competitive environment for the energy industry, it is necessary to enact taxing authority for municipalities that accomplishes those goals; and
     (6) this part does not alter or affect the municipalities' authority to grant or regulate franchises, or to control municipal streets, highways, or other property.

Enacted by Chapter 280, 1996 General Session