This bill modifies provisions relating to the Utah Fairpark Area Investment and Restoration District.
This bill:
- defines terms and modifies definitions;
- broadens permissible uses for a fair park land lease;
- allows for the development and construction of multiple qualified stadiums in the fairpark district with a lower minimum capacity requirement;
- modifies taxing authority provisions related to the fairpark district or a host municipality;
- modifies land use authority provisions relating to land located within the fairpark district;
- enables a public infrastructure district created by the fairpark district to:
levy property taxes;use bond proceeds for the development and maintenance of public utility infrastructure; andpay for specified development and improvements;
- establishes a process for a member of the fairpark board to annually file a conflict of interest disclosure;
- designates the fairpark district as a qualified jurisdiction that can receive tax information from the State Tax Commission; and
- makes technical changes.Statutes affected:
Introduced: 11-68-201, 11-70-101, 11-70-201, 11-70-202, 11-70-204, 11-70-206, 11-70-207, 11-70-304, 11-70-401, 11-70-501, 11-70-502, 17D-4-203, 59-1-403, 59-12-352, 59-12-401, 59-12-402, 59-12-1201