Compliance with terms of approved proposal required -- Modifications to a regionally significant development zone -- Boundary adjustments

(1) If a regionally significant development zone is approved by the committee and created as described in Section 63N-3a-203: (a) the regionally significant development zone is created according to the terms: (i) of the approved proposal, or modified approved proposal; and (ii) established by the committee as described in this part; and (b) the creating entity or the creating entity's agency shall enter into an entitlement agreement, development agreement, or participation agreement as necessary or required to implement the approved proposal and any established terms. (2) Any aspect of a regionally significant development zone, including the approved use of zone revenue or the boundary of the qualified development zone, may be amended by following the same procedure as making a proposal under Section 63N-3a-201, except the creating entity is not required to submit an additional pro forma analysis unless requested by the office or the committee. (3) If the relevant county assessor or county auditor adjusts parcel or lot boundaries relevant to a regionally significant development zone, the creating entity may make corresponding adjustments to the qualified development zone.