2006 Utah Code - 17C-2-201 — Project area budget -- Requirements for adopting -- Contesting the budget or procedure -- Time limit.

     17C-2-201.   Project area budget -- Requirements for adopting -- Contesting the budget or procedure -- Time limit.
     (1) If an agency anticipates funding all or a portion of a post-June 30, 1993 urban renewal project area plan with tax increment, the agency shall, subject to Section 17C-2-202, adopt a project area budget as provided in this part.
     (2) To adopt an urban renewal project area budget, the agency shall:
     (a) prepare a draft of a project area budget;
     (b) make a copy of the draft project area budget available to the public at the agency's offices during normal business hours;
     (c) provide notice of the budget hearing as required by Part 5, Urban Renewal Notice Requirements;
     (d) hold a public hearing on the draft project area budget and, at that public hearing, allow public comment on:
     (i) the draft project area budget; and
     (ii) whether the draft project area budget should be revised, adopted, or rejected;
     (e) (i) if required under Subsection 17C-2-204(1), obtain the approval of the taxing entity committee on the draft project area budget or a revised version of the draft project area budget; or
     (ii) if applicable, comply with the requirements of Subsection 17C-2-204(2); and
     (f) after the budget hearing, hold a board meeting in the same meeting as the public hearing or in a subsequent meeting to:
     (i) consider comments made and information presented at the public hearing relating to the draft project area budget; and
     (ii) adopt by resolution the draft project area budget, with any revisions, as the project area budget.
     (3) (a) For a period of 30 days after the agency's adoption of the project area budget under Subsection (2)(f), any person in interest may contest the project area budget or the procedure used to adopt the project area budget if the budget or procedure fails to comply with applicable statutory requirements.
     (b) After the 30-day period under Subsection (3)(a) expires, no person may contest the project area budget or procedure used to adopt the project area budget for any cause.

Renumbered and Amended by Chapter 359, 2006 General Session