Utah § 11-70-207 - Use of fairpark district funds.
Full text of Utah Utah Code § 11-70-207 — Use of fairpark district funds., with citation guidance and answers to common questions.
§ 11-70-207. Use of fairpark district funds.
Effective 7/1/2026 11-70-207.
Use of fairpark district funds.
(1)
(a)
Subject to Subsection (2), the fairpark district may use fairpark district funds for any purpose authorized under this chapter, including to pay for:
(i)
the development and construction of a qualified stadium;
(ii)
administrative, overhead, legal, consulting, and other operating expenses of the fairpark district;
(iii)
all or part of the development of land within a project area, including:
(A)
financing or refinancing; and
(B)
assisting the ongoing operation of a development or facility within the project area;
(iv)
the cost of the installation of public infrastructure and improvements outside a project area if the board determines by resolution that the infrastructure and improvements are of benefit to the project area;
(v)
the principal and interest on bonds issued by the fairpark district;
(vi)
the payment of an infrastructure loan, as defined in Section 11-70-104, according to the terms of the infrastructure loan; and
(vii)
the costs of promoting, facilitating, and implementing other development of land within the fairpark district boundary.
(b)
The determination of the board under Subsection (1)(a)(iv) regarding benefit to the project area is final.
(2)
(a)
The fairpark district may use money the fairpark district receives under Subsection 59-12-1201(2)(a)(ii) and Subsection 59-12-103(8) only for:
(i)
the development and construction of a qualified stadium, including parking structures or facilities, lighting facilities, plazas, or open space associated with the qualified stadium; and
(ii)
the payment of bonds issued to pay for the development and construction of a qualified stadium.
(b)
If the amount of money the fairpark district receives under Subsection (2)(a) exceeds the amount required to pay the annual debt service on bonds issued to pay for the development and construction of a qualified stadium, the fairpark district shall use the excess amount received to pay down the principal on those bonds.
(c)
The fairpark district may use money described in Subsection (2)(a) before or after a franchise agreement date.
(3)
The fairpark district may share enhanced property tax revenue with a taxing entity that levies a property tax on land within the project area from which the enhanced property tax revenue is generated.
Section 11-70-207 ("Use of fairpark district funds.") 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 § 11-70-207?
A common citation format is "Utah Code § 11-70-207" (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.
How does Utah § 11-70-207 apply to my situation?
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.
