11-58-606. Distribution of property tax differential.
(1) A county that collects property tax on property within a project area shall, in the manner and at the time provided in Section: 59-2-1365 pay and distribute to the authority the property tax differential that the authority is entitled to be paid under this chapter; and pay and distribute to the primary municipality the primary municipality differential described in Subsection. 11-58-604(2)(c)
(2) The authority shall pay to the primary municipality's agency, to be used for affordable housing as provided in Section, 10% of all property tax differential that is: 17C-1-412 paid to the authority; and generated within the reduced area.