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42.19.1405    NEW TECHNOLOGY TAX INCREMENT FINANCING DISTRICTS – INFORMATION REQUIRED TO ENABLE THE DEPARTMENT TO CERTIFY BASE TAXABLE VALUE

(1) The department will certify the base taxable value of a newly created technology TIFD if the department determines that the following information exists and has been provided to the department:

(a) a copy of the comprehensive development plan required by 7-15-4295, MCA, that was adopted by the local government prior to the creation of the TIFD;

(b) a copy of the local government's finding, made prior to the creation of the TIFD, that the area is deficient in infrastructure improvements necessary for technology development;

(c) a map representing the TIFD's boundary including a legal description of the TIFD;

(d) a copy of the notice of public hearing required under 7-15-4295, MCA;

(e) a copy of the ordinance zoning the area within the TIFD for use in accordance with the local government's growth policy;

(f) a copy of the local government's growth policy;

(g) a certified copy of the ordinance approving the technology district and the tax increment provision under 7-15-4216, MCA, and including:

(i) a statement that the purpose of the TIFD complies with the requirements of 7-15-4295, MCA;

(ii) a statement that the tenants will comply with the requirements of 7-15-4295, MCA;

(iii) a statement that the district has not been designed to serve the needs of a single tenant or group of nonindependent tenants; and

(iv) a statement that the TIFD does not include any property included in an urban renewal district or an industrial district;

(h) the name of the TIFD; and

(i) a list of the geocodes for all real property, the assessor codes for all personal property, and a description of all centrally assessed property located within the TIFD at the time of its creation.

(2) The local government that has created the TIFD will provide the information described in (1) to the department when it notifies the department that the TIFD has been created.

History: 15-1-201, MCA; IMP, 7-15-4216, 7-15-4282, 7-15-4284, 7-15-4295, MCA; NEW, 2008 MAR p. 1490, Eff. 7/18/08.

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