Technically renumbered to avoid duplication of newly enacted code also in SB0241, Chapter 347.

1. (1) As used in this section:

   1. (a) "Eligible basic special district" means a basic special district:

      1. (i) created before April 15, 2011; and
      2. (ii) that issued limited general obligation bonds in 2024.
   2. (b) "Qualified development zone" means the same as that term is defined in Subsection 59-12-205(7)(a)(ii)(E).
2. (2) An eligible basic special district may receive revenue from the tax imposed under Section 59-12-205.

3. (3) An eligible basic special district that receives revenue as described in Subsection (2) shall use the revenue:

   1. (a) for any purpose the basic special district is authorized to perform under this chapter; and

   2. (b)

      1. (i) in a manner approved by the municipality where the qualified development zone is located; or
      2. (ii) in a manner approved by a county, if the qualified development zone is located in an unincorporated area of the county.

Enacted by Chapter 490, 2025 General Session