17C-1-404. Tax increment under a post-June 30, 1993, project area plan.
(1) This section applies to tax increment under a post-June 30, 1993, project area plan adopted before May 1, 2006, only.
(2) A board may provide in the project area budget for the agency to be paid: if 20% of the project area budget is allocated for housing under Section: 17C-2-203 100% of annual tax increment for 15 years; 75% of annual tax increment for 24 years; or if approved by the taxing entity committee, any percentage of tax increment up to 100%, or any specified dollar amount, for any period of time; or if 20% of the project area budget is not allocated for housing under Section: 17C-2-203 100% of annual tax increment for 12 years; 75% of annual tax increment for 20 years; or if approved by the taxing entity committee, any percentage of tax increment up to 100%, or any specified dollar amount, for any period of time.