Bill > SB0228

This bill modifies the process for dissolving community reinvestment agency project areas by introducing a "dormancy period," which is a period that ends six months after the project area funds collection period concludes. Agencies can now extend this dormancy period once for up to two years, provided they hold a public hearing, adopt a resolution detailing the project area's progress and the reasons for the extension, and the community legislative body approves this extension through an ordinance. The bill also clarifies that remaining project area funds at the end of the dormancy period must be returned proportionally to each taxing entity, and it updates notice requirements for hearings to include dormancy period extension hearings, allowing individuals to object to proposed extensions. Additionally, it makes minor adjustments to the definition of an "approved project area" and the process for amending community reinvestment project area budgets.

Budget and Finance

https://le.utah.gov/~2026/bills/static/SB0228.html