Section 63H-1-405 - Project area budget(1) Before the authority may receive or use the property tax allocation, the authority board shall prepare and adopt a project area budget.(2) The authority board may amend an adopted project area budget as and when the authority board considers it appropriate.(3) If the authority adopts a budget under Part 7, Authority Budget and Reports, that also meets the requirements of this part, the authority need not separately adopt a budget under this part.Amended by Chapter 282, 2020 General Session ,§ 18, eff. 3/28/2020.Amended by Chapter 377, 2015 General Session ,§ 4, eff. 3/30/2015.Enacted by Chapter 92, 2009 General Session