Beginning on May 10, 2016, an agency:

1. (1) may create a community reinvestment project area under Chapter 5, Community Reinvestment;

2. (2) except as provided in Subsection (3), may not create:

   1. (a) an urban renewal project area under Chapter 2, Urban Renewal;
   2. (b) an economic development project area under Chapter 3, Economic Development; or
   3. (c) a community development project area under Chapter 4, Community Development; and

3. (3) may create an urban renewal project area, an economic development project area, or a community development project area if:

   1. (a) before April 1, 2016, the agency adopts a resolution in accordance with:

      1. (i) Section 17C-2-101.5 for an urban renewal project area;
      2. (ii) Section 17C-3-101.5 for an economic development project area; or
      3. (iii) Section 17C-4-101.5 for a community development project area; and
   2. (b) the urban renewal project area, economic development project area, or community development project area is effective before September 1, 2016.

Enacted by Chapter 350, 2016 General Session