reglab/housing_qa huggingface dataset:
UT Code § 17C-1-411 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 4 - Project Area Funds|Section 411 - Use of project area funds for housing-related improvements and for relocating mobile home park residents -- Funds to be held in separate accounts.

 Effective 5/8/2018  17C-1-411. Use of project area funds for housing-related improvements and for relocating mobile home park residents -- Funds to be held in separate accounts.    (1) An agency may use project area funds:   (a) to pay all or part of the value of the land for and the cost of installation, construction, or rehabilitation of any housing-related building, facility, structure, or other housing improvement, including infrastructure improvements related to housing, located in any project area within the agency's boundaries;     (b) outside of a project area for the purpose of:   (i) replacing housing units lost by project area development; or     (ii) increasing, improving, or preserving the affordable housing supply within the boundary of the agency;       (c) for relocating mobile home park residents displaced by project area development, whether inside or outside a project area; or     (d) subject to Subsection (4), to transfer funds to a community that created the agency.       (2)   (a) Each agency shall create a housing fund and separately account for project area funds allocated under this section.     (b) Interest earned by the housing fund described in Subsection (2)(a), and any payments or repayments made to the agency for loans, advances, or grants of any kind from the housing fund, shall accrue to the housing fund.     (c) An agency that designates a housing fund under this section shall use the housing fund for the purposes set forth in this section or Section 17C-1-412.       (3) An agency may lend, grant, or contribute funds from the housing fund to a person, public entity, housing authority, private entity or business, or nonprofit corporation for affordable housing or homeless assistance.     (4) For the purpose of offsetting the community's annual local contribution to the Homeless Shelter Cities Mitigation Restricted Account, the total amount an agency transfers in a calendar year to a community under Subsections (1)(d), 17C-1-409(1)(a)(v), and 17C-1-412(1)(a)(x) may not exceed the community's annual local contribution as defined in Section 35A-8-606.     Amended by Chapter 312, 2018 General Session
UT Code § 17C-1-413 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 4 - Project Area Funds|Section 413 - Base taxable value for new tax.

 Effective 5/10/2016  17C-1-413. Base taxable value for new tax.  For purposes of calculating tax increment with respect to a tax that a taxing entity levies for the first time after the effective date of a project area plan, the base taxable value shall be used, subject to any adjustments under Section 17C-1-408. Amended by Chapter 350, 2016 General Session
UT Code § 17C-1-414 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 4 - Project Area Funds|Section 414 - Project area boundaries that divide a tax parcel -- Deletion of parcel from tax increment calculation.

17C-1-414. Project area boundaries that divide a tax parcel -- Deletion of parcel from tax increment calculation.    (1) If the boundaries of a project area, as described in the project area plan, include part of a tax parcel and exclude part of the same tax parcel, the agency shall provide the assessor of the county in which the project area is located a metes and bounds description of the part of the tax parcel included within the project area boundaries.     (2) If an agency fails to comply with the requirement of Subsection (1), the assessor of the county in which the tax parcel is located may exclude that parcel from the project area for purposes of calculating tax increment to be paid to the agency until the agency complies with the requirement of Subsection (1).    Enacted by Chapter 359, 2006 General Session
UT Code § 17C-1-415 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 4 - Project Area Funds|Section 415 - Obligations of agencies that use tax increment to pay for communication infrastructure or facility.

17C-1-415. Obligations of agencies that use tax increment to pay for communication infrastructure or facility.  An agency that uses tax increment on or after March 30, 2009 to pay for communication infrastructure or a communication facility:  (1) may not make or grant any undue or unreasonable preference or advantage to a provider of communication service with respect to the communication infrastructure or communication facility for which the tax increment is used; and     (2) shall allow the communication infrastructure and facilities for which tax increment is used to be used by any other provider of communication service on a fair, equitable, and nondiscriminatory basis.    Enacted by Chapter 387, 2009 General Session
UT Code § 17C-1-501.1 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 5 - Agency Bonds|Section 501.1 - Title.

 Effective 5/10/2016  17C-1-501.1. Title.  This part is known as "Agency Bonds." Enacted by Chapter 350, 2016 General Session
UT Code § 17C-1-501.5 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 5 - Agency Bonds|Section 501.5 - Resolution authorizing issuance of agency bonds -- Characteristics of bonds.

 Effective 5/10/2016  17C-1-501.5. Resolution authorizing issuance of agency bonds -- Characteristics of bonds.    (1) An agency may not issue a bond under this part unless the board first adopts a resolution authorizing the bond issuance.     (2)   (a) As provided in the agency resolution authorizing the issuance of a bond under this part or the trust indenture under which the bond is issued, a bond issued under this part may be issued in one or more series and may be sold at public or private sale and in the manner provided in the resolution or indenture.     (b) A bond issued by an agency under this part shall bear the date, be payable at the time, bear interest at the rate, be in the denomination and in the form, carry the conversion or registration privileges, have the rank or priority, be executed in the manner, be subject to the terms of redemption or tender, with or without premium, be payable in the medium of payment and at the place, and have other characteristics as provided in the agency resolution authorizing the bond issuance or the trust indenture under which the bond is issued.      Renumbered and Amended by Chapter 350, 2016 General Session
UT Code § 17C-1-502 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 5 - Agency Bonds|Section 502 - Sources from which bonds may be made payable -- Agency powers regarding bonds.

 Effective 5/5/2021  17C-1-502. Sources from which bonds may be made payable -- Agency powers regarding bonds.    (1) An agency may pay the principal and interest on a bond issued by the agency from:   (a) the income and revenues of the project area development financed with the proceeds of the bond;     (b) the income and revenue of certain designated project area development regardless of whether the project area development is financed in whole or in part with the proceeds of the bond;     (c) the income, proceeds, revenue, property, or agency funds derived from or held in connection with the agency's undertaking and implementation of project area development;     (d) project area funds;     (e) agency revenues generally;     (f) a contribution, loan, grant, or other financial assistance from a public entity in aid of project area development, including the assignment of revenue or taxes in support of an agency bond;     (g) project area incremental revenue or property tax revenue as those terms are defined in Section 17C-1-1001; or     (h) funds derived from any combination of the methods listed in Subsections (1)(a) through (g).       (2) In connection with the issuance of an agency bond, an agency may:   (a) pledge all or any part of the agency's gross or net rents, fees, or revenues to which the agency's right then exists or may thereafter come into existence;     (b) encumber by mortgage, deed of trust, or otherwise all or any part of the agency's real or personal property, then owned or thereafter acquired; and     (c) make the covenants and take the action that:   (i) may be necessary, convenient, or desirable to secure the bond; or     (ii) except as otherwise provided in this chapter, will tend to make the bond more marketable, even though such covenants or actions are not specifically enumerated in this chapter.        Amended by Chapter 214, 2021 General Session
UT Code § 17C-1-503 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 5 - Agency Bonds|Section 503 - Signature of officer who leaves office.

17C-1-503. Signature of officer who leaves office.  If an agency officer whose signature appears on a bond issued under this part leaves office before delivery of the bond, the signature shall continue to be valid as if the official had remained in office until delivery of the bond.  Renumbered and Amended by Chapter 359, 2006 General Session
UT Code § 17C-1-504 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 5 - Agency Bonds|Section 504 - Contesting the legality of resolution authorizing bonds -- Time limit -- Presumption.

 Effective 5/10/2016  17C-1-504. Contesting the legality of resolution authorizing bonds -- Time limit -- Presumption.    (1) Any person may contest the legality of the resolution authorizing issuance of the bond or any provisions for the security and payment of the bond for a period of 30 days after:   (a) publication of the resolution authorizing the bond; or     (b) publication of a notice of bond containing substantially the items required under Subsection 11-14-316(2).       (2) After the 30-day period described in Subsection (1), no person may bring a lawsuit or other proceeding contesting the regularity, formality, or legality of the bond for any reason.     (3) In a lawsuit or other proceeding involving the question of whether a bond issued under this part is valid or enforceable or involving the security for a bond, if a bond recites that the agency issued the bond in connection with project area development:   (a) the bond shall be conclusively presumed to have been issued for that purpose; and     (b) the project area plan and project area shall be conclusively presumed to have been properly formed, adopted, planned, located, and implemented in accordance with this title.      Amended by Chapter 350, 2016 General Session
UT Code § 17C-1-505 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 5 - Agency Bonds|Section 505 - Authority to purchase agency bonds.

 Effective 5/10/2016  17C-1-505. Authority to purchase agency bonds.    (1) Any person, firm, corporation, association, political subdivision of the state, or other entity or public or private officer may purchase a bond issued by an agency under this part with funds owned or controlled by the purchaser.     (2) Nothing in this section may be construed to relieve a purchaser of an agency bond of any duty to exercise reasonable care in selecting securities.    Amended by Chapter 350, 2016 General Session
UT Code § 17C-1-506 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 5 - Agency Bonds|Section 506 - Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability.

 Effective 5/10/2016  17C-1-506. Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability.    (1) A member of a board or other person executing an agency bond is not liable personally on the bond.     (2)   (a) A bond issued by an agency is not a general obligation or liability of the community, the state, or any of the state's political subdivisions and does not constitute a charge against their general credit or taxing powers.     (b) A bond issued by an agency is not payable out of any funds or properties other than those of the agency.     (c) The community, the state, and the state's political subdivisions may not be liable on a bond issued by an agency.     (d) A bond issued by an agency does not constitute indebtedness within the meaning of any constitutional or statutory debt limitation.       (3) A bond issued by an agency under this part is fully negotiable.    Amended by Chapter 350, 2016 General Session
UT Code § 17C-1-507 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 5 - Agency Bonds|Section 507 - Obligee rights -- Board may confer other rights.

 Effective 5/10/2016  17C-1-507. 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 an agency under this part and subject to contractual restrictions binding on the obligee, an obligee may:   (a) by mandamus, suit, action, or other proceeding, compel an agency and the agency's board, officers, agents, or employees to perform every term, provision, and covenant contained in any contract of the agency with or for the benefit of the obligee, and require the agency to carry out the covenants and agreements of the agency and to fulfill all duties imposed on the agency by this part; and     (b) by suit, action, or other proceeding, enjoin any acts or things that may be unlawful or violate the rights of the obligee.       (2)   (a) In a board resolution authorizing the issuance of a bond or in a trust indenture, mortgage, lease, or other contract, a board may confer upon an obligee holding or representing a specified amount in bonds, the rights described in Subsection (2)(b), to accrue upon the happening of an event or default prescribed in the resolution, indenture, mortgage, lease, or other contract, and to be exercised by suit, action, or proceeding in any court of competent jurisdiction.     (b)   (i) The rights that the board may confer under Subsection (2)(a) are the rights to:   (A) cause possession of all or part of the project area development to be surrendered to an obligee;     (B) obtain the appointment of a receiver of all or part of an agency's project area development and of the rents and profits from the project area development; and     (C) require the agency and the board and employees to account as if the agency and the board and employees were the trustees of an express trust.       (ii) If a receiver is appointed through the exercise of a right granted under Subsection (2)(b)(i)(B), the receiver:   (A) may enter and take possession of the project area development or any part of the project area development, operate and maintain the project area development, and collect and receive all fees, rents, revenues, or other charges arising from the project area development after the receiver's appointment; and     (B) shall keep money collected as receiver for the agency in a separate account and apply the money pursuant to the agency obligations as the court directs.          Amended by Chapter 350, 2016 General Session
UT Code § 17C-1-508 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 5 - Agency Bonds|Section 508 - Bonds exempt from taxes -- Agency may purchase an agency's own bonds.

 Effective 5/10/2016  17C-1-508. Bonds exempt from taxes -- Agency may purchase an agency's own bonds.    (1) A bond issued by an agency 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 taxes except the corporate franchise tax.     (2) An agency may purchase the agency's own bonds at a price that the board determines.     (3) Nothing in this section may be construed to limit the right of an obligee to pursue a remedy for the enforcement of a pledge or lien given under this part by an agency on the agency's rents, fees, grants, properties, or revenues.    Amended by Chapter 350, 2016 General Session
UT Code § 17C-1-601.1 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 6 - Agency Annual Report, Budget, and Audit Requirements|Section 601.1 - Title.

 Effective 5/10/2016  17C-1-601.1. Title.  This part is known as "Agency Annual Report, Budget, and Audit Requirements." Enacted by Chapter 350, 2016 General Session
UT Code § 17C-1-601.5 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 6 - Agency Annual Report, Budget, and Audit Requirements|Section 601.5 - Annual agency budget -- Fiscal year -- Public hearing required -- Auditor forms -- Requirement to file form.

 Effective 7/1/2021  17C-1-601.5. Annual agency budget -- Fiscal year -- Public hearing required -- Auditor forms -- Requirement to file form.    (1) Each agency shall prepare an annual budget of the agency's revenues and expenditures for each fiscal year.     (2) The board shall adopt each agency budget:   (a) for an agency created by a municipality, before June 30; or     (b) for an agency created by a county, before December 15.       (3) The agency's fiscal year shall be the same as the fiscal year of the community that created the agency.     (4)   (a) Before adopting an annual budget, each board shall hold a public hearing on the annual budget.     (b) Each agency shall provide notice of the public hearing on the annual budget by:   (i) posting a notice of the public hearing in at least three public places within the agency boundaries; and     (ii) publishing notice on the Utah Public Notice Website created in Section 63A-16-601, at least one week before the public hearing.       (c) Each agency shall make the annual budget available for public inspection at least three days before the date of the public hearing.       (5) The state auditor shall prescribe the budget forms and the categories to be contained in each annual budget, including:   (a) revenues and expenditures for the budget year;     (b) legal fees; and     (c) administrative costs, including rent, supplies, and other materials, and salaries of agency personnel.       (6)   (a) Within 90 days after adopting an annual budget, each board shall file a copy of the annual budget with the auditor of the county in which the agency is located, the State Tax Commission, the state auditor, the State Board of Education, and each taxing entity from which the agency receives project area funds.     (b) The requirement of Subsection (6)(a) to file a copy of the annual budget with the state as a taxing entity is met if the agency files a copy with the State Tax Commission and the state auditor.      Amended by Chapter 84, 2021 General SessionAmended by Chapter 345, 2021 General SessionAmended by Chapter 355, 2021 General Session
UT Code § 17C-1-602 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 6 - Agency Annual Report, Budget, and Audit Requirements|Section 602 - Amending the agency annual budget.

 Effective 5/10/2016  17C-1-602. Amending the agency annual budget.    (1) A board may by resolution amend an annual budget.     (2) An amendment to an annual budget that would increase the total expenditures may be made only after a public hearing is held in accordance with Subsection 17C-1-601.5(4).     (3) An agency may not make expenditures in excess of the total expenditures established in the annual budget as the annual budget is adopted or amended.    Amended by Chapter 350, 2016 General Session
UT Code § 17C-1-604 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 6 - Agency Annual Report, Budget, and Audit Requirements|Section 604 - Audit requirements.

17C-1-604. Audit requirements.  Each agency shall comply with the audit requirements of Title 51, Chapter 2a, Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act.  Renumbered and Amended by Chapter 359, 2006 General Session
UT Code § 17C-1-605 (2021)
2021 Utah Code|Title 17C - Limited Purpose Local Government Entities - Community Reinvestment Agency Act|Chapter 1 - Agency Operations|Part 6 - Agency Annual Report, Budget, and Audit Requirements|Section 605 - Audit report.

 Effective 5/5/2021  17C-1-605. Audit report.    (1) Each agency required to be audited under Section 17C-1-604 shall, within 180 days after the end of the agency'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 from which the agency receives tax increment.     (2) Each audit report under Subsection (1) shall include:   (a) the tax increment collected by the agency for each project area;     (b) the amount of tax increment paid to each taxing entity under Section 17C-1-410;     (c) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the agency's project areas;     (d) the amount of property tax revenue generated under Part 10, Agency Taxing Authority; and     (e) the actual amount expended for:   (i) acquisition of property;     (ii) site improvements or site preparation costs;     (iii) installation of public utilities or other public improvements; and     (iv) administrative costs of the agency.        Amended by Chapter 214, 2021 General Session