(1) If the relevant county assessor or county auditor adjusts parcel boundaries relevant to a first home investment zone, the municipality administering the tax increment collected in the first home investment zone may make corresponding adjustments to the boundary of the first home investment zone. (2) Subject to the requirements under this part, and after the housing and transit reinvestment zone committee approves a first home investment zone proposal in accordance with Section 63N-23-704, the office shall consult with the relevant county assessor to determine a boundary adjustment to parcel boundaries relevant to a first home investment zone. (3) A parcel may only be triggered for property tax increment collection on the legal parcel boundary drawn at the time the parcel is triggered for property tax increment collection. Renumbered and Amended by Chapter 94, 2026 General Session
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