Section 306 – Limitations on board members.
Affected by 63I-1-211 on 1/1/2029 Effective 5/4/2022 11-59-306. Limitations on board members. (1) As used in this section: (a) “Designated individual” means an individual: (i) (A) who is a member of the Senate or House of Representatives; (B) who has been appointed as a member of the board under Subsection 11-59-302(2)(a) or (b); and (C) […]
Section 401 – Annual authority budget — Fiscal year — Public hearing and notice required — Auditor forms.
Affected by 63I-1-211 on 1/1/2029 Effective 7/1/2021 11-59-401. Annual authority budget — Fiscal year — Public hearing and notice required — Auditor forms. (1) The authority shall prepare and its board adopt an annual budget of revenues and expenditures for the authority for each fiscal year. (2) Each annual authority budget shall be adopted before […]
Section 402 – Amending the authority annual budget.
Affected by 63I-1-211 on 1/1/2029 Effective 5/8/2018 11-59-402. Amending the authority annual budget. (1) The authority board may by resolution amend an annual authority budget. (2) An amendment of the annual authority budget that would increase the total expenditures may be made only after public hearing by notice published as required for initial adoption of […]
Section 403 – Audit requirements.
Affected by 63I-1-211 on 1/1/2029 Effective 5/8/2018 11-59-403. Audit requirements. The authority shall comply with the audit requirements of Title 51, Chapter 2a, Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act. Enacted by Chapter 388, 2018 General Session Technically renumbered for proper placement.
Section 404 – Authority chief financial officer is a public treasurer — Certain authority funds are public funds.
Affected by 63I-1-211 on 1/1/2029 Effective 5/8/2018 11-59-404. Authority chief financial officer is a public treasurer — Certain authority funds are public funds. (1) The authority’s chief financial officer: (a) is a public treasurer, as defined in Section 51-7-3; and (b) shall invest the authority funds specified in Subsection (2) as provided in that subsection. […]
Section 501 – Dissolution of authority — Restrictions — Publishing notice of dissolution — Authority records — Dissolution expenses.
Affected by 63I-1-211 on 1/1/2029 Effective 7/1/2021 11-59-501. Dissolution of authority — Restrictions — Publishing notice of dissolution — Authority records — Dissolution expenses. (1) The authority may not be dissolved unless: (a) the authority board first receives approval from the Legislative Management Committee of the Legislature to dissolve the authority; and (b) the authority […]
Section 206 – Energy sales and use tax.
Affected by 63I-1-211 on 1/1/2029 Effective 5/4/2022 11-59-206. Energy sales and use tax. (1) As provided in Subsection 10-1-304(1)(c), the authority may by resolution levy an energy sales and use tax, under Title 10, Chapter 1, Part 3, Municipal Energy Sales and Use Tax Act, on an energy supplier, as defined in Section 10-1-303, that […]
Section 207 – Annual fee in lieu of property tax.
Affected by 63I-1-211 on 1/1/2029 Effective 5/4/2022 11-59-207. Annual fee in lieu of property tax. (1) As used in this section: (a) “Annual fee” means a fee: (i) that is levied and collected each year, as provided in this section; and (ii) in an amount that is the equivalent of the cumulative real property tax […]
Section 208 – Portion of property tax augmentation to be paid to authority.
Affected by 63I-1-211 on 1/1/2029 Effective 5/4/2022 11-59-208. Portion of property tax augmentation to be paid to authority. (1) As used in this section: (a) “Base taxable value” means the taxable value in the year before the transfer date. (b) “Property tax augmentation”: (i) means the amount of property tax that is the difference between: […]
Section 301 – Authority board — Delegation of power.
Affected by 63I-1-211 on 1/1/2029 Effective 5/8/2018 11-59-301. Authority board — Delegation of power. (1) The authority shall be governed by a board, which shall manage and conduct the business and affairs of the authority and shall determine all questions of authority policy. (2) All powers of the authority are exercised through the board. (3) […]