MIDA Act definition

MIDA Act means the Military Installation Development Authority Act, Title 63H, Chapter 1, Utah Code.
View Source

Examples of MIDA Act in a sentence

  • Under the MIDA Act, MIDA may use the sales and use tax and the resort communities’ tax in either the Municipal Services Revenue Fund or the Development Fund.

  • Pursuant to the MIDA Act, MIDA shall have the exclusive right to exercise all of MIDA’s statutory authority within the Hideout Zone subject only to those reservations and delegations of authority expressly set forth in this Agreement.

  • Any terms not specifically defined herein but defined in the MIDA Act shall have the meanings set forth in the MIDA Act.

  • For purposes of § 63H-1-501(2) of the MIDA Act, to begin and calculate the property tax allocation designated by MIDA resolution for any specific parcel of property within the Hideout Zone, MIDA designates Hideout as the entity to issue any certificate of occupancy required for any improvements on that parcel.

  • Pursuant to §63H-l-502(l)(e) of the MIDA Act, the MIDA Board finds that all of the Infrastructure to be constructed in the Hideout Zone and within the boundaries of Hideout which are outside of the MRF Project Area, are of benefit to the MRF Project Area and this finding is adopted by the resolution approving this Agreement.

  • Thirty percent (30%) of the contribution to the Development Fund generated from each property in the Hideout Zone shall be used, consistent with the MIDA Act, to the extent justified and approved by MIDA to assist the landowners in the development of Infrastructure that will assist the landowners in the development of the landowner’s property.

  • These funds shall be split equally by MIDA and Hideout to benefit the MRF Project Area, as determined by each Party in its sole discretion, consistent with the MIDA Act.

  • Hideout will identify the uses of the funds it controls as identified in Subsection (10)(d)(i) and submit them to MIDA each year, and MIDA shall include them within the MRF Project Area budget adopted each year pursuant to §63H-l-405 of the MIDA Act (“Development Fund Budget”).

  • MIDA shall take such actions as are necessary to formally adopt such rules, ordinances and regulations as the applicable regulations for the Hideout Zone to the extent required by the MIDA Act.

  • Following the Property Tax Allocation Period, the proceeds from such taxes may, if agreed by the MIDA Executive Director and Hideout Mayor, be included in the Municipal Services Revenue Fund, and failing such agreement, shall be used and / or allocated as provided in the MIDA Act.

Related to MIDA Act

  • FDA Act means the U.S. Federal Food, Drug, and Cosmetic Act, as amended.

  • DLLCA means the Delaware Limited Liability Company Act.

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • CGCL means the California General Corporation Law.

  • FDI Act means the Federal Deposit Insurance Act, as amended or recodified.