2006 Utah Code - 17C-4-201 — Consent of a taxing entity or public agency to an agency receiving tax increment or sales tax funds for community development project.

     17C-4-201.   Consent of a taxing entity or public agency to an agency receiving tax increment or sales tax funds for community development project.
     (1) An agency may negotiate with a taxing entity and public agency for the taxing entity's or public agency's consent to the agency receiving the entity's or public agency's tax increment or sales tax revenues, or both, for the purpose of providing funds to carry out a proposed or adopted community development project area plan.
     (2) The consent of a taxing entity or public agency under Subsection (1) may be expressed in:
     (a) a resolution adopted by the taxing entity or public agency; or
     (b) an interlocal agreement, under Title 11, Chapter 13, Interlocal Cooperation Act, between the taxing entity or public agency and the agency.
     (3) A school district may consent to an agency receiving tax increment from the school district's basic levy only to the extent that the school district also consents to the agency receiving tax increment from the school district's local levy.
     (4) (a) A resolution or interlocal agreement under this section may be amended from time to time.
     (b) Each amendment of a resolution or interlocal agreement shall be subject to and receive the benefits of the provisions of this part to the same extent as if the amendment were an original resolution or interlocal agreement.
     (5) A taxing entity's or public agency's consent to an agency receiving funds under this section is not subject to the requirements of Section 10-8-2.

Enacted by Chapter 359, 2006 General Session