The amount of any payment of sums in lieu of taxes may be based on the estimated cost to each political subdivision, for and on whose behalf the agreement is entered into, of performing services for the benefit of a project during the period of the agreement after taking into consideration the benefits to be derived by the subdivision from the project. However, these sums shall not be in excess of the taxes which would result to the subdivision for the period if the real property of the project within the subdivision were taxable.
Section: Previous 19-7-902 19-7-903 19-7-904 19-7-905 19-7-906 19-7-907 19-7-908 19-7-909 19-7-910 NextLast modified: November 15, 2016