Community Development Amendments

SB 289 requires Utah community reinvestment agencies to submit annual reports to the Governor's Office of Economic Opportunity detailing project area development, tax increment funds, and growth metrics. Agencies must provide data on project area boundaries, fund usage, infrastructure development, and tax value changes, while county auditors must notify taxing entities about project area end dates. Non-compliant agencies face 20% withholding of tax increment funds until they submit required reports, with withheld funds returned upon compliance. The bill clarifies reporting requirements but makes no changes to funding levels or policy. It applies to all active community reinvestment agencies and county auditors in Utah.