Utah Code § 17C-1-605
Audit report
Utah · Utah Code Title 17C — Limited Purpose Local Government Entities - Community Reinvestment Agency Act · Status: effective
Cite this
- Citation
- Utah Code § 17C-1-605, Audit report, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2329910
- Permanent ID
ys:prov:2329910@1- SHA-256
b14bf4b05acf40eb4741fd6cb5266d89ec565940ca5af1ecfa2eeb7af463270d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) Each agency required to be audited under Section 17C-1-604 shall, within 180 days after the end of the agency's fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity from which the agency receives tax increment.
(2) Each audit report under Subsection (1) shall include:
(a) the tax increment collected by the agency for each project area;
(b) the amount of tax increment paid to each taxing entity under Section 17C-1-410;
(c) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the agency's project areas;
(d) the amount of property tax revenue generated under Part 10, Agency Taxing Authority; and
(e) the actual amount expended for:
(i) acquisition of property;
(ii) site improvements or site preparation costs;
(iii) installation of public utilities or other public improvements; and
(iv) administrative costs of the agency.