Establishes the State Reinvestment Restricted Account and modifies public infrastructure district requirements.

This bill establishes the State Reinvestment Restricted Account, which receives certain revenues from the Utah Inland Port Authority. It modifies the requirements for public infrastructure districts, including their creation, management, and dissolution. The bill also requires the disclosure of the expected annual cost of a public infrastructure district's final tax rate. It outlines the process for a county or city to propose a regionally significant development zone and for a committee to approve the creation of a zone.

Establishes the State Reinvestment Restricted Account and modifies public infrastructure district requirements.

This bill establishes the State Reinvestment Restricted Account, which receives certain revenues from the Utah Inland Port Authority. It modifies the requirements for public infrastructure districts, including their creation, management, and dissolution. The bill also requires the disclosure of the expected annual cost of a public infrastructure district's final tax rate. It outlines the process for a county or city to propose a regionally significant development zone and for a committee to approve the creation of a zone.