Section 510 – Public hearing on tentatively adopted budget.
Effective 5/12/2015 11-13-510. Public hearing on tentatively adopted budget. At the time and place advertised, or at any time or any place to which the public hearing may be adjourned, the governing board shall: (1) hold a public hearing on the budgets tentatively adopted; and (2) give interested persons in attendance an opportunity to be […]
Section 502 – Application — Conflicts with federal law — Other applicable law.
Effective 5/10/2016 11-13-502. Application — Conflicts with federal law — Other applicable law. (1) This part does not apply to a taxed interlocal entity as defined in Section 11-13-602. (2) Except as provided in Subsection (1), and notwithstanding any other provision of law, this part governs an interlocal entity’s fiscal procedures but only to the […]
Section 503 – Fiscal year.
Effective 5/12/2015 11-13-503. Fiscal year. The fiscal year of an interlocal entity shall be, as determined by the governing board: (1) the calendar year; or (2) the period from July 1 to the following June 30. Enacted by Chapter 265, 2015 General Session
Section 504 – Uniform accounting system.
Effective 5/12/2015 11-13-504. Uniform accounting system. An interlocal entity shall: (1) establish and maintain the interlocal entity’s accounting records, and financial statements prepared from those records, as required by generally accepted accounting principles; and (2) adopt and implement internal accounting controls in light of the needs and resources of the interlocal entity. Enacted by Chapter […]
Section 505 – Funds and account groups maintained.
Effective 5/12/2015 11-13-505. Funds and account groups maintained. An interlocal entity shall establish and maintain, according to its own accounting needs, some or all of the funds and account groups in its system of accounts, as required by generally accepted accounting principles. Enacted by Chapter 265, 2015 General Session
Section 506 – Budget required for certain funds — Capital projects fund.
Effective 5/12/2015 11-13-506. Budget required for certain funds — Capital projects fund. (1) The budget officer shall prepare for each budget year a budget, subject to Section 11-13-507, for each of the following funds, to the extent applicable: (a) the general fund; (b) each special revenue fund, as that term is used in generally accepted […]
Section 507 – Total of revenues to equal expenditures.
Effective 5/12/2015 11-13-507. Total of revenues to equal expenditures. (1) The budget under Section 11-13-506 shall provide a financial plan for the budget year. (2) Each budget shall specify in tabular form: (a) estimates of all anticipated revenues; and (b) all appropriations for expenditures. (3) The total of the anticipated revenues shall equal the total […]
Section 508 – Tentative budget to be prepared — Review by governing body.
Effective 5/12/2015 11-13-508. Tentative budget to be prepared — Review by governing body. (1) On or before the first regularly scheduled meeting of the governing board in November for a calendar year entity and May for a fiscal year entity, the budget officer of an interlocal entity shall prepare for the ensuing year and file […]
Section 312 – Exemption from privilege tax.
11-13-312. Exemption from privilege tax. Title 59, Chapter 4, Privilege Tax, does not apply to a project, or any part of it, or to facilities providing additional project capacity, or any part of them, or to the possession or other beneficial use of a project or facilities providing additional project capacity as long as there […]
Section 313 – Arbitration of disputes.
11-13-313. Arbitration of disputes. Any impact alleviation contract may provide that disputes between the parties will be submitted to arbitration pursuant to Title 78B, Chapter 11, Utah Uniform Arbitration Act. Amended by Chapter 3, 2008 General Session