63H-1-503 - Use of municipal services revenue.
63H-1-503. Use of municipal services revenue.
(1) The authority may use municipal services revenue to pay for:
(a) administrative, overhead, legal, and other operating expenses of the authority; and
(b) municipal services within the project area from which the revenue was collected.
(2) Unless otherwise provided by agreement between the authority and each county andmunicipality levying a property tax on property within a project area, the authority shall distributeany remaining municipal services revenue equally among all counties and municipalities thatlevy a property tax on property within a project area.
Enacted by Chapter 92, 2009 General Session