17C-5-205. Interlocal agreement to provide project area funds for the community reinvestment project area subject to interlocal agreement -- Notice -- Effective date of interlocal agreement -- Time to contest interlocal agreement -- Availability of interlocal agreement.
(1) An agency shall: approve and adopt an interlocal agreement described in Sectionat an open and public meeting; and 17C-5-204 provide a notice of the meeting titled "Diversion of Property Tax for a Community Reinvestment Project Area."
(2) Upon the execution of an interlocal agreement described in Section, the agency shall provide notice of the execution by publishing the notice for the agency's jurisdiction, as a class A notice under Section, for 30 days. 17C-5-204 63G-30-102 A notice described in Subsectionshall include: (2)(a) a summary of the interlocal agreement; and a statement that the interlocal agreement: is available for public inspection and the hours for inspection; and authorizes the agency to receive all or a portion of a taxing entity's tax increment or sales and use tax revenue.
(3) An interlocal agreement described in Sectionis effective at the end of the 30-day period described in Subsection. 17C-5-204 (2)(a)
(4) Within 30 days after the day on which the interlocal agreement is effective, a person may contest the interlocal agreement or the procedure used to adopt the interlocal agreement if the interlocal agreement or procedure fails to comply with a provision of this title. After the 30-day period described in Subsectionexpires, a person may not contest: (4)(a) the interlocal agreement; a distribution of tax increment to the agency under the interlocal agreement; or the agency's use of project area funds under the interlocal agreement.
(5) A taxing entity that enters into an interlocal agreement under Sectionshall make a copy of the interlocal agreement available to the public at the taxing entity's office for inspection and copying during normal business hours. 17C-5-204