Section 503 - Use of municipal services revenue.

UT Code § 63H-1-503 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(1) The authority may use municipal services revenue to pay for: (a) administrative, overhead, legal, and other operating expenses of the authority; and (b) municipal services within the project area from which the revenue was collected.

(a) administrative, overhead, legal, and other operating expenses of the authority; and

(b) municipal services within the project area from which the revenue was collected.

(2) Unless otherwise provided by agreement between the authority and each county and municipality levying a property tax on property within a project area, the authority shall distribute any remaining municipal services revenue equally among all counties and municipalities that levy a property tax on property within a project area.