§ 63H-1-405. Project area budget.

(1) Before the authority may receive or use the property tax allocation, the authority board shall prepare and adopt a project area budget. (2) The authority board may amend an adopted project area budget as and when the authority board considers it appropriate. (3) If the authority adopts a budget under Part 7, Authority Budget and Reports, that also meets the requirements of this part, the authority need not separately adopt a budget under this part.