This bill addresses community reinvestment agencies.
This bill:
- defines terms;
- requires a county auditor to:
submit annual project area and tax increment data to the Governor's Office of Economic Opportunity; andnotify taxing entities of the end of a project area funds collection period and the calculation of new growth attributed to the project area;
- clarifies that an agency that has funds withheld due to non-compliance with reporting requirements will receive those withheld funds once the agency complies with reporting requirements; and
- makes technical changes.Statutes affected:
Introduced: 17C-1-416, 17C-1-603, 17C-1-606, 17C-1-607
Enrolled: 17C-1-603, 17C-1-606, 17C-1-607
Substitute #1: 17C-1-603, 17C-1-606, 17C-1-607