§ 63H-1-503. Use of municipal services revenue.

Latest version.

(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.

(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.

Enacted by Chapter 92, 2009 General Session

                    
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