Utah Code Title 17C. Limited Purpose Local Government Entities--Community Development and Renewal Agencies Act § 17C-1-702. Project area dissolution--Use of unexpended funds for housing

(a) the agency adopts a resolution dissolving the project area; and

(b) the community legislative body adopts an ordinance dissolving the project area.

(a) the name of the project area; and

(b) a project area map or boundary description.

(a) submit a copy of the ordinance to the county recorder of the county in which the dissolved project area is located; and

(b) mail or electronically submit a copy of the ordinance to the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies or imposes a tax on property within the dissolved project area.

(4)(a) As used in this Subsection (4), “dormancy period” means a period that ends the later of:

(b) An agency with project area funds remaining at the end of the dormancy period shall use the unexpended funds as provided in Subsection 17C-1-412(1)(b).