1. (1) An agency shall adopt a community reinvestment project area budget in accordance with this part.

2. (2) To adopt a community reinvestment project area budget, an agency shall:

   1. (a) prepare a proposed community reinvestment project area budget in accordance with Section 17C-5-303;
   2. (b) obtain the consent of the taxing entity committee or taxing entity in accordance with Section 17C-5-304;
   3. (c) make a copy of the proposed community reinvestment project area budget available to the public at the agency's office during normal business hours for at least 30 days before the budget hearing described in Subsection (2)(e);
   4. (d) provide notice of the budget hearing in accordance with Chapter 1, Part 8, Hearing and Notice Requirements;

   5. (e) hold a budget hearing on the proposed community reinvestment project area budget and, at the budget hearing, allow public comment on:

      1. (i) the proposed community reinvestment project area budget; and
      2. (ii) whether the agency should revise, adopt, or reject the proposed community reinvestment project area budget; and

   6. (f) after the budget hearing described in Subsection (2)(e), or at a subsequent meeting:

      1. (i) consider the comments and information from the budget hearing relating to the proposed community reinvestment project area budget; and
      2. (ii) reject or adopt by resolution the proposed community reinvestment project area budget, with any revisions, as the community reinvestment project area budget.

3. (3)

   1. (a) Within 30 days after the day on which the agency adopts a community reinvestment project area budget, a person may contest the community reinvestment project area budget or the procedure used to adopt the community reinvestment project area budget if the community reinvestment project area budget or procedure fails to comply with a provision of this title.

   2. (b) After the 30-day period described in Subsection (3)(a) expires, a person may not contest:

      1. (i) the community reinvestment project area budget or the procedure used by the taxing entity, the taxing entity committee, or the agency to adopt the community reinvestment project area budget;
      2. (ii) a payment to the agency under the community reinvestment project area budget; or
      3. (iii) the agency's use of project area funds under the community reinvestment project area budget.

Enacted by Chapter 350, 2016 General Session