Changes to Existing Law

11-9-25. Positive Except as provided in this section, positive tax increments of a district shall must be allocated to the municipality political subdivision that created the district for each year from the date when the district is created until the municipality political subdivision has been reimbursed for expenditures previously made, has paid all monetary obligations, and has retired all outstanding tax increment bonds. However, in no event may the The positive tax increments may not be allocated longer than twenty years after the calendar year of the district's creation. A county may withhold, from positive tax increments of a district created by a municipality, an amount no greater than the cost incurred by the county in administering the district. 14

11-9-31. The county treasurer or municipal finance officer, as applicable, shall deposit all remaining tax increments received in a district into a special fund for the district, after deducting an amount equal to the cost incurred by the county in administering the district. The county treasurer or municipal finance officer, as applicable, may deposit additional moneys into the fund pursuant to an appropriation by the governing body. Subject to any agreement with bondholders, moneys in the fund may be temporarily invested in the same manner as other funds of the political subdivision. 23