Utah § 11-58-607 - Revenue sharing agreements.

Full text of Utah Utah Code § 11-58-607 — Revenue sharing agreements., with citation guidance and answers to common questions.

§ 11-58-607. Revenue sharing agreements.

Effective 5/6/2026
11-58-607.  Revenue sharing agreements.
(1)
(a)Whenever a private entity's real estate development is supported by funding from the authority, authority staff may negotiate and enter into a revenue sharing agreement with the private entity.
(b)The revenue sharing agreement shall establish, at a minimum:
(i)a flat amount from or a percentage of the funds generated from the development that the private entity agrees to provide to the authority for contribution into the reinvestment account; and
(ii)if the authority and private entity agree on a percentage of funds:
(A)how often the private entity shall provide the percentage to the authority; and
(B)the amount of time the private entity shall provide the percentage to the authority.
(2)
(a)Following the remediation and development of land included in a remediation project area, as described in Section 11-58-605, the authority shall ensure that a percentage of the profits derived from private sector activities in the project area are deposited into the reinvestment account on an annual basis.
(b)The board, in consultation with the Office of the Legislative Fiscal Analyst, shall establish the percentage of profits described in Subsection (2)(a) for each remediation project area, which shall be no more than 50% of annual revenues from a remediation project area.


Enacted by Chapter 373, 2026 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 11-58-607

What does Utah Code § 11-58-607 cover?

Section 11-58-607 ("Revenue sharing agreements.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 11-58-607?

A common citation format is "Utah Code § 11-58-607" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

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Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

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