§ 17C-6-301. Private-public partnerships for a zone.

(1) A person that seeks to enter into a private-public partnership with an agency shall provide the agency with an application that: (a) demonstrates the applicant is qualified to operate, in whole or in part, a project within the zone; and (b) provides any additional information required by the creating entity or agency. (2) An agency may enter into a private-public partnership: (a) if, after reviewing the application described in Subsection (1), the agency determines a private-public partnership will promote the objectives of the zone; and (b) through an agreement described in this section. (3) An agreement to create a private-public partnership between a person and an agency may: (a) establish or recognize an ownership interest in the project for the person, in consideration of the person's financial investment in the project; (b) establish an ownership interest in the project for the agency or agency's creating entity, in consideration of the public's financial investment in the project; or (c) create a lease between the person and the agency.