(1) (a) Upon the approval of a zone, as described in Section 63N-3a-203, a creating entity shall designate the creating entity's agency as the entity responsible for: (i) the management of the zone; (ii) the development of the zone; and (iii) the fulfillment of any duties described in this chapter. (b) If one or more creating entities propose a zone, as described in Section 63N-3a-201 by entering into an interlocal agreement as described in Section 63N-3a-202, the interlocal agreement shall describe: (i) which agency is responsible for the management of the zone and zone revenue; or (ii) how each participating agency shall share responsibility for: (A) the management of the zone; and (B) zone revenue, as described in Part 2, Financing. (2) A proposal, along with conditions established by the committee that approved the proposal under Section 63N-3a-203, constitutes a governing document for the zone. (3) (a) The agency, in consultation with the creating entity, may create policies governing the development of the zone if the policies: (i) conform with the proposal; and (ii) do not contradict any provision of the proposal or any condition established by the committee that approved the proposal to create the zone. (b) If the agency and creating entity determine a modification to the proposal is required to pursue the objectives of the zone, the creating entity shall submit a proposal to modify the regionally significant development zone as described in Section 63N-3a-208.
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