This bill creates the Beehive Development Agency and authorizes the commissioner of the Governor's Office of Economic Opportunity to propose significant community impact project plans and associated project areas to the Beehive Development Agency.
This bill:
- defines terms and modifies definitions;
- provides a severability provision;
- creates the Beehive Development Agency (agency) under Utah Constitution, Article XI, as a political subdivision of the state that is an independent, nonprofit, separate body corporate and politic, with perpetual succession, and a public corporation;
- provides that appropriations to the agency are nonlapsing;
- establishes the agency board and describes the agency powers and duties;
- describes the purposes of a significant community impact project;
- creates a revolving loan fund and establishes a loan committee;
- authorizes the agency to create a public infrastructure district for a significant community project area;
- describes the potential revenue sources of a significant community impact project area, including property tax differential and revenue generated by certain taxes;
- repeals provisions establishing the Governor's Office of Economic Opportunity (office) board of directors and the Unified Economic Opportunity Commission;
- creates the Economic Opportunity Coordinating Council (council);
- changes the executive director of the office to the commissioner of the office;
- provides that the commissioner of the office shall:
receive guidance from the council regarding statewide strategic objectives;establish strategies for and actively recruit targeted industries identified by the council;encourage a business to permanently relocate to, or significantly expand operations in, the state;establish strategies for and actively support entrepreneurship and small business development;coordinate economic development activities; andcoordinate with various departments and officials in order to consolidate certain state housing programs from the Division of Housing and Community Development within the office by July 1, 2026;
- removes the sunset on the Utah Housing Corporation; and
- makes technical and conforming changes.Statutes affected:
Introduced: 11-59-302, 17D-4-102, 35A-8-202, 59-12-103, 59-12-104, 59-12-205, 59-12-352, 59-12-354, 59-12-401, 59-12-402, 63A-3-401.5, 63A-3-402, 63C-25-202, 63H-8-302, 63I-1-263, 63J-1-602.1, 63N-2-103, 63N-2-104.2, 63N-2-104.3, 63N-2-504, 63N-2-808, 63N-3-102, 63N-3-403, 63N-3-605, 63N-3-801, 63N-3-1102, 63N-4-104, 63N-4-105, 63N-4-504, 63N-4-804, 63N-7-102, 63N-7-103, 63N-13-101, 63N-16-102, 63N-16-103, 63N-17-201, 67-1-2
Substitute #1: 11-59-302, 17D-4-102, 35A-8-202, 59-12-352, 59-12-354, 59-12-401, 59-12-402, 63A-3-401.5, 63A-3-402, 63C-25-202, 63H-8-302, 63I-1-263, 63J-1-602.1, 63N-2-103, 63N-2-104.2, 63N-2-104.3, 63N-2-504, 63N-2-808, 63N-3-102, 63N-3-403, 63N-3-605, 63N-3-801, 63N-3-1102, 63N-4-104, 63N-4-105, 63N-4-504, 63N-4-804, 63N-7-102, 63N-7-103, 63N-13-101, 63N-16-102, 63N-16-103, 63N-17-201, 67-1-2