Title 11, Title 11: Cities, Counties, and Local Taxing Units

11-58-106. Loan approval committee -- Approval of infrastructure loans. (1) As used in this section: "Borrower" means the same as that term is defined in Section. 63A-3-401.5 "Infrastructure loan" means the same as that term is defined in Section. 63A-3-401.5 "Infrastructure proj…

11-58-201. Creation of Utah Inland Port Authority -- Status and purposes. (1) Under the authority of Article XI, Section 8 of the Utah Constitution, there is created the Utah Inland Port Authority. (2) The authority is: an independent, nonprofit, separate body corporate and polit…

11-58-202. Authority powers and duties. (1) The authority has exclusive jurisdiction, responsibility, and power to coordinate the efforts of all applicable state and local government entities, property owners and other private parties, and other stakeholders to: develop and imple…

11-58-203. Policies and objectives of the authority -- Additional duties of the authority. (1) The policies and objectives of the authority are to: maximize long-term economic benefits to the area, the region, and the state; maximize the creation of high-quality jobs; respect and…

11-58-205. Applicability of other law -- Cooperation of state and local governments -- Municipality to consider board input -- Prohibition relating to natural resources -- Inland port as permitted or conditional use -- Municipal services -- Disclosure by nonauthority governing bo…

11-58-206. Port authority funds. (1) Subject to Subsection (2), the authority may use authority funds for any purpose authorized under this chapter, including: promoting, facilitating, and advancing inland port uses; owning and operating an intermodal facility; the remediation of…

11-58-208. New aviation fuel incentive -- Requirements. (1) As used in this section: "Aviation fuel" means fuel that is: used by a carrier; and subject to an aviation fuel tax under. Title 59, Chapter 13, Part 4, Aviation Fuel "Aviation fuel incentive" means a grant awarded by th…

11-58-209. Evaluating business proposals. (1) The executive director may make policies as approved by the board that allow the authority to classify a business proposal submitted to the authority by a nongovernmental party as protected under Section, for as long as is necessary t…

11-58-301. Port authority board -- Delegation of power. (1) The authority shall be governed by a board which: shall manage and conduct the business and affairs of the authority; shall determine all questions of authority policy; and constitutes a mixed-function board. (2) All pow…

11-58-302. Number of board members -- Appointment -- Vacancies. (1) The authority's board shall consist of five voting members, as provided in Subsection. (2) (2) The governor shall appoint as board members three individuals who are not elected government officials: one of whom s…

11-58-303. Term of board members -- Quorum -- Compensation. (1) The term of a board member appointed under Subsectionis four years, except that the initial term of two of the three members appointed under Subsectionis two years. 11-58-302(2) 11-58-302(2)(a) (2) Each board member …

11-58-304. Limitations on board members and executive director -- Annual conflict of interest disclosure statement -- Penalties. (1) As used in this section: "Direct financial benefit": means any form of financial benefit that accrues to an individual directly, including: compens…

11-58-305. Executive director. (1) The board shall hire and oversee a full-time executive director. (2) The executive director is the chief executive officer of the authority. The role of the executive director is to: manage and oversee the day-to-day operations of the authority;…

11-58-501. Preparation of project area plan -- Required contents of project area plan. (1) Subject to Section, the authority jurisdictional land constitutes a single project area. 11-58-605 The authority is not required to adopt a project area plan for a project area consisting o…

11-58-502. Public meeting to consider and discuss draft project area plan -- Notice -- Adoption of plan. (1) The board shall hold at least one public meeting to consider and discuss a draft project area plan. (2) At least 10 days before holding a public meeting under Subsection, …

11-58-503. Notice of project area plan adoption -- Effective date of plan -- Time for challenging a project area plan or project area. (1) Upon the board's adoption of a project area plan, the board shall provide notice as provided in Subsectionby publishing or causing to be publ…

11-58-504. Amendment to a project area plan. (1) The authority may amend a project area plan by following the same procedure under this part as applies to the adoption of a project area plan. (2) The provisions of this part apply to the authority's adoption of an amendment to a p…

11-58-505. Project area budget. (1) Before the authority may use the property tax differential from a project area, the board shall prepare and adopt a project area budget. (2) A project area budget shall include: the base taxable value of property in the project area; the projec…

11-58-600.5. Definitions. As used in this part: (1) "General differential" means property tax differential generated by a property tax levied: on property that is not part of the authority jurisdictional land or within a remediation project area; and by all taxing entities. (2) "…

11-58-600.7. Limit on tax differential the authority may receive from authority jurisdictional land. The authority may not receive: (1) a taxing entity's portion of property tax differential generated from an area that is part of the authority jurisdictional land and included wit…

11-58-601. General differential and nonmunicipal differential. (1) As used in this section: "Designation order" means a written determination, issued by the executive director, that designates a transition date and a trigger date, which may be the same date, for the parcel specif…

11-58-602. Allowable uses of property tax differential and other funds. (1) The authority may use money from property tax differential, money the authority receives from the state, money the authority receives under Subsection, and other money available to the authority: 59-12-20…

11-58-603. Use of authority money for business recruitment incentive. (1) As used in this section: "Business recruitment incentive" means the post-performance payment of property tax differential as an incentive for development within a project area, as provided in this section. …

11-58-604. Distribution and use of primary municipality differential. (1) This section applies to the payment and use of primary municipality differential. (2) Beginning the first tax year that begins on or after January 1, 2023: the authority shall be paid 25% of primary municip…

11-58-605. Creation of remediation project area and payment of remediation differential. (1) As used in this section: "Remedial action plan" means a plan for the cleanup of contaminated land under a voluntary cleanup agreement under Title 19, Chapter 8, Voluntary Cleanup Program.…

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…

11-58-607. Revenue sharing agreements. (1) Whenever a private entity's real estate development is supported by funding from the authority, authority staff may negotiate and enter into a revenue sharing agreement with the private entity. The revenue sharing agreement shall establi…

11-58-701. Resolution authorizing issuance of port authority bonds -- Characteristics of bonds -- Notice. (1) The authority may not issue bonds under this part unless the board first: adopts a parameters resolution for the bonds that sets forth: the maximum: amount of bonds; term…

11-58-702. Sources from which bonds may be made payable -- Port authority powers regarding bonds. (1) The principal and interest on bonds issued by the authority may be made payable from: the income and revenues of the projects financed with the proceeds of the bonds; the income …

11-58-703. Purchase of port authority bonds. (1) Any person, firm, corporation, association, political subdivision of the state, or other entity or public or private officer may purchase bonds issued by an authority under this part with funds owned or controlled by the purchaser.…

11-58-704. Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability. (1) A member of the board or other person executing an authority bond is not liable personally on the bond. (2) A bond issued by the authority is not a general obliga…

11-58-705. Obligee rights -- Board may confer other rights. (1) In addition to all other rights that are conferred on an obligee of a bond issued by the authority under this part and subject to contractual restrictions binding on the obligee, an obligee may: by mandamus, suit, ac…

11-58-706. Bonds exempt from taxes -- Port authority may purchase its own bonds. (1) A bond issued by the authority under this part is issued for an essential public and governmental purpose and is, together with interest on the bond and income from it, exempt from all state taxe…

11-58-801. Annual port authority budget -- Fiscal year -- Public hearing required -- Auditor forms -- Requirement to file annual budget. (1) The authority shall prepare and its board adopt an annual budget of revenues and expenditures for the authority for each fiscal year. (2) E…

11-58-802. Amending the port authority annual budget. (1) The board may by resolution amend an annual authority budget. (2) An amendment of the annual authority budget that would increase the total expenditures may be made only after public hearing by notice published as required…

11-58-803. Port authority reporting. (1) On or before November 1 of each year, the authority shall prepare and file a report with the county auditor of each county in which the authority jurisdictional land is located, the State Tax Commission, the State Board of Education, and e…

11-58-804. Audit requirements. The authority shall comply with the audit requirements of.

11-58-805. Audit report. (1) The authority shall, within 180 days after the end of the authority's fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property fr…

11-58-806. Port authority chief financial officer is a public treasurer -- Certain port authority funds are public funds. (1) The authority's chief financial officer: is a public treasurer, as defined in Section; and 51-7-3 shall invest the authority funds specified in Subsection…

11-58-901. Dissolution of port authority -- Restrictions -- Notice of dissolution -- Disposition of port authority property -- Port authority records -- Dissolution expenses. (1) The authority may not be dissolved unless the authority has no outstanding bonded indebtedness, other…