63H-1-503. Use of municipal services revenue.
(1) The authority may use municipal services revenue to pay for: administrative, overhead, legal, and other operating expenses of the authority; and 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.