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

11-70-201. Creation of Utah Fairpark Area Investment and Restoration District -- Status and purposes. (1) Under the authority of Utah Constitution, Article XI, Section 8, there is created the Utah Fairpark Area Investment and Restoration District. (2) The fairpark district is: an…

11-70-202. Fairpark district powers and duties. (1) The fairpark district may: facilitate and bring about the development of land within the fairpark district boundary, including the development of a qualified stadium to house a major league sports team; enter into a lease agreem…

11-70-203. Privilege tax on state-owned land. (1) Subject to Subsection, the possession or beneficial use of property on state-owned land is subject to Title 59, Chapter 4, Privilege Tax. (1)(b) Subsectiondoes not apply to a qualified stadium during the construction of the qualif…

11-70-204. Fairpark district accommodations tax. (1) As used in this section: "Accommodations and services" means an accommodation or service described in Subsection. 59-12-103(1)(i) "Accommodations tax" means a tax imposed as provided in this section. (2) By resolution, the fair…

11-70-205. Energy sales and use tax. (1) As provided in Subsection, the fairpark district may by resolution levy an energy sales and use tax, under Title 10, Chapter 1, Part 3, Municipal Energy Sales and Use Tax Act, on an energy supplier, as defined in Section, that supplies ene…

11-70-206. Applicability of other law -- Cooperation of state and local governments -- Municipal services -- Services from state agencies -- Procurement policy -- Public infrastructure district. (1) With respect to the use or development of state-owned land, the fairpark district…

11-70-207. Use of fairpark district funds. (1) Subject to Subsection, the fairpark district may use fairpark district funds for any purpose authorized under this chapter, including to pay for: (2) the development and construction of a qualified stadium; administrative, overhead, …

11-70-301. Fairpark district board (1) The fairpark district shall be governed by a board. (2) The board shall manage and conduct the business and affairs of the fairpark district and shall determine all questions of fairpark district policy. (3) All powers of the fairpark distri…

11-70-302. Number of board members -- Appointment -- Terms -- Vacancies -- Nonvoting members. (1) The fairpark district's board consists of five voting members, as provided in Subsection (2). (2) The governor shall appoint two individuals as board members: one of whom shall be a …

11-70-303. Board quorum -- Chair and officers -- Compensation. (1) A majority of voting members constitutes a quorum, and the action of a majority of voting members constitutes action of the board. (2) Upon a vote of a majority of all voting board members, the board may appoint a…

11-70-304. 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…

11-70-305. Executive director. (1) The board may hire an executive director to be the chief executive officer of the fairpark district. The board shall oversee an executive director hired by the board. (2) The role of an executive director hired by the board is to: manage and ove…

11-70-401. Enhanced property tax revenue to be paid to fairpark district -- Reporting. (1) Subject to Subsection, the fairpark district shall be paid 90% of enhanced property tax revenue generated from each parcel of privately owned land within the fairpark district boundary: (5)…

11-70-402. Distribution of enhanced property tax revenue. A county that collects property tax on property within the county in which the fairpark district is located shall, in the manner and at the time provided in Section, pay and distribute to the fairpark district and the host…

11-70-403. Use of enhanced property tax revenue. The fairpark district may use enhanced property tax revenue collected from a project area for a development project outside the fairpark district boundary if approved by the board.

11-70-501. Preparation of project area plan -- Required contents of project area plan. (1) As provided in this section, the fairpark district may adopt a project area plan for the development of some or all of the land within the fairpark district boundary. (2) In consultation wi…

11-70-502. Qualified stadium under project area plan. (1) A project area plan may provide for the development and construction of a qualified stadium on land that, until conveyed to the fairpark district as provided in Subsection (3)(a)(ii), is owned by a qualified owner. (2) A p…

11-70-503. 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) Before holding a public meeting under Subsection (1), the board sha…

11-70-504. 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 Subsection (2) by publishing or causing to be…

11-70-505. Amendment to a project area plan. (1) The fairpark district 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 fairpark district's adoption of an …

11-70-506. Project area budget. (1) Before the fairpark district may use the enhanced property tax revenue 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…

11-70-601. Resolution authorizing issuance of fairpark district bonds -- Characteristics of bonds -- Notice. (1) In issuing bonds under this part, the fairpark district shall comply with applicable requirements and provisions of Title 63C, Chapter 25, State Finance Review Commiss…

11-70-602. Sources from which bonds may be made payable -- Fairpark district powers regarding bonds. (1) Subject to Subsection, the principal and interest on bonds issued by the fairpark district may be made payable from: 11-70-207(2) the income and revenues of the projects finan…

11-70-603. Purchase of fairpark district 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 the fairpark district under this part with funds owned or controlled by th…

11-70-604. Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability. (1) A member of the board or other person executing a fairpark district bond is not liable personally on the bond. (2) A bond issued by the fairpark district is not a…

11-70-605. Bonds exempt from taxes -- Fairpark district may purchase its own bonds. (1) A bond issued by the fairpark district 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…

11-70-701. Annual fairpark district budget -- Fiscal year -- Public hearing and notice required -- Auditor forms. (1) The fairpark district shall prepare and the board adopt an annual budget of revenues and expenditures for the fairpark district for each fiscal year. (2) Each ann…

11-70-702. Amending the fairpark district annual budget. (1) The board may by resolution amend an annual fairpark district budget. (2) An amendment of the annual fairpark district budget that would increase the total expenditures may be made only after public hearing by notice pu…

11-70-703. Audit requirements. The fairpark district shall comply with the audit requirements of Title 51, Chapter 2a, Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act.

11-70-704. Fairpark district chief financial officer is a public treasurer -- Certain fairpark district funds are public funds. (1) The fairpark district's chief financial officer: is a public treasurer, as defined in Section; and 51-7-3 shall invest the fairpark district funds s…

11-70-801. Dissolution of fairpark district -- Restrictions -- Notice of dissolution -- Disposition of fairpark district property -- Fairpark district records -- Dissolution expenses. (1) The fairpark district may not be dissolved unless the fairpark district has no outstanding b…