Effective 5/12/2020 11-13-602. Definitions. As used in this part: (1) “Asset” means funds, money, an account, real or personal property, or personnel. (2) (a) “Associated entity” means a taxed interlocal entity that adopts a segment’s organizing resolution. (b) “Associated entity” does not include any other segment. (3) “Fiduciary duty” means a duty expressly designated as […]
Effective 5/4/2022 11-13-603. Taxed interlocal entity. (1) Except for purposes of an audit, examination, or review by the Office of the Legislative Auditor General as described in Subsection (8) and notwithstanding any other provision of law: (a) the use of an asset by a taxed interlocal entity does not constitute the use of a public […]
Effective 11/16/2021 11-13-604. Segments authorized. (1) (a) (i) If a taxed interlocal entity is a project entity, and to the extent authorized in a taxed interlocal entity’s organization agreement or by a majority of the public entities that are parties to a taxed interlocal entity’s organization agreement , the governing board of a taxed interlocal […]
Effective 5/10/2016 11-13-605. Notice of limitation on liabilities of segments. (1) (a) A notice of limitation on liabilities of a segment described in Subsection 11-13-604(2)(e) shall: (i) state: (A) the name of the segment’s associated entity; (B) the associated entity’s indexed office; (C) the associated entity’s principal county; and (D) that the liabilities of each […]
Effective 5/10/2016 11-13-606. Members of a segment. (1) Except as otherwise provided by a segment’s organizing resolution in accordance with Subsection (2), a segment’s associated entity is the sole member of the segment. (2) A segment’s organizing resolution may provide that a segment’s membership includes a public agency other than the segment’s associated entity only […]
Effective 5/10/2016 11-13-607. Limitations of liability for directors and officers. (1) A director or an officer of a taxed interlocal entity or a segment is not liable to the taxed interlocal entity, the segment, a member of the taxed interlocal entity, a member of the segment, a conservator, receiver, or successor-in-interest of the taxed interlocal […]
Effective 5/10/2016 11-13-608. Termination of associated entity or segment. (1) The termination of a segment does not affect the segment’s or the segment’s associated entity’s limitation on liabilities under this part. (2) A segment is terminated upon the termination of the segment’s associated entity. (3) (a) Subject to Subsection (3)(b), the termination of a segment’s […]
