2010 Utah Code
Title 63H - Independent State Entities
Chapter 01 - Military Installation Development Authority Act
63H-1-705 - Audit report.

63H-1-705. Audit report.
(1) The authority shall, within 180 days after the end of the authority's fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the authority collects tax increment.
(2) Each audit report under Subsection (1) shall include:
(a) the tax increment collected by the authority for each project area;
(b) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the authority's project areas; and
(c) the actual amount expended for:
(i) acquisition of property;
(ii) site improvements or site preparation costs;
(iii) installation of public utilities or other public improvements; and
(iv) administrative costs of the authority.

Enacted by Chapter 23, 2007 General Session