Utah Code § 17B-2a-1302

Current through the 2024 Fourth Special Session
Section 17B-2a-1302 - Provisions applicable to infrastructure financing district - Exceptions - Conflicting provisions - Contract for administrative services
(1) An infrastructure financing district is governed by and has the powers stated in:
(a) this part; and
(b) Chapter 1, Provisions Applicable to All Special Districts, except as provided in Subsection (1)(b).
(2)
(a) Notwithstanding Subsection 17B-1-103(2)(f), an infrastructure financing district may issue bonds only as provided in Title 11, Chapter 42, Assessment Area Act, subject to Subsection (2)(b), and Title 11, Chapter 42a, Commercial Property Assessed Clean Energy Act.
(b) To the extent that the provisions of Title 11, Chapter 42, Assessment Area Act, apply to the use of funds from an assessment or an assessment bond for infrastructure operation and maintenance costs or for the cost of conducting economic promotion activities, those provisions do not apply to an infrastructure financing district.
(c) Before a county or municipality's final inspection required for the issuance of a certificate of occupancy for a residential unit that is subject to an assessment levied by an infrastructure financing district under Title 11, Chapter 42, Assessment Area Act, the infrastructure financing district shall ensure that the assessment allocable to that unit is paid in full and that any assessment lien on that unit is satisfied and released.
(3) Notwithstanding Subsection 17B-1-103(2)(h), an infrastructure financing district may not exercise the power of eminent domain.
(4) This part applies only to an infrastructure financing district.
(5) If there is a conflict between a provision in Chapter 1, Provisions Applicable to All Special Districts, and a provision in this part, the provision in this part governs.
(6) An infrastructure financing district may contract with another governmental entity for the other governmental entity to provide administrative services to the infrastructure financing district.

Utah Code § 17B-2a-1302

Added by Chapter 388, 2024 General Session ,§ 55, eff. 5/1/2024.