Section 504 – Those executing bonds not personally liable — Limitation of obligations under bonds — Negotiability.
Effective 5/4/2022 11-65-504. Those executing bonds not personally liable — Limitation of obligations under bonds — Negotiability. (1) A member of the board or other person executing a lake authority bond is not liable personally on the bond. (2) (a) A bond issued by the lake authority is not a general obligation or liability of […]
Section 505 – Obligee rights — Board may confer other rights.
Effective 5/4/2022 11-65-505. Obligee rights — Board may confer other rights. (1) In addition to all other rights that are conferred on an obligee of a bond issued by the lake authority under this part, and subject to contractual restrictions binding on the obligee, an obligee may: (a) by mandamus, suit, action, or other proceeding, […]
Section 506 – Bonds exempt from taxes — Lake authority may purchase its own bonds.
Effective 5/4/2022 11-65-506. Bonds exempt from taxes — Lake authority may purchase its own bonds. (1) A bond issued by the lake authority under this part is issued for an essential public and governmental purpose and is, together with interest on and income from the bond, exempt from all state taxes except the corporate franchise […]
Section 601 – Annual lake authority budget — Fiscal year — Public hearing required — Auditor forms — Requirement to file annual budget.
Effective 5/4/2022 11-65-601. Annual lake authority budget — Fiscal year — Public hearing required — Auditor forms — Requirement to file annual budget. (1) The board shall prepare and adopt for the lake authority an annual budget of revenues and expenditures for each fiscal year. (2) An annual lake authority budget shall be adopted before […]
Section 602 – Amending the lake authority annual budget.
Effective 5/4/2022 11-65-602. Amending the lake authority annual budget. (1) The board may by resolution amend an annual lake authority budget. (2) An amendment of the annual lake authority budget that would increase the total expenditures may be made only after a public hearing following notice published as required for initial adoption of the annual […]
Section 206 – Applicability of other law — Cooperation of state and local governments — Authority of other agencies not affected — Attorney general to provide legal services.
Effective 5/4/2022 11-65-206. Applicability of other law — Cooperation of state and local governments — Authority of other agencies not affected — Attorney general to provide legal services. (1) The lake authority is subject to and governed by Sections 63E-2-106, 63E-2-107, 63E-2-108, 63E-2-109, 63E-2-110, and 63E-2-111, but is not otherwise subject to or governed by […]
Section 301 – Utah Lake Authority board — Delegation of power.
Effective 5/4/2022 11-65-301. Utah Lake Authority board — Delegation of power. (1) The lake authority shall be governed by a board which shall manage and conduct the business and affairs of the lake authority and shall determine all questions of lake authority policy. (2) All powers of the lake authority are exercised through the board […]
Section 306 – Development of standards and criteria to measure progress toward achieving lake authority policies and objectives — Annual report.
Effective 5/4/2022 11-65-306. Development of standards and criteria to measure progress toward achieving lake authority policies and objectives — Annual report. (1) The board shall develop standards and criteria by which to measure: (a) the condition of Utah Lake as of 2022; and (b) the extent to which efforts of the lake authority improve the […]
Section 401 – Preparation of project area plan — Required contents of project area plan.
Effective 5/4/2022 11-65-401. Preparation of project area plan — Required contents of project area plan. (1) (a) The lake authority board’s adoption of a project area plan is governed by this part. (b) In order to adopt a project area plan, the lake authority board shall: (i) prepare a draft project area plan; (ii) give […]
Section 402 – Public meetings to consider and discuss draft project area plan — Notice — Adoption of plan.
Effective 5/4/2022 11-65-402. Public meetings to consider and discuss draft project area plan — Notice — Adoption of plan. (1) The lake authority board shall hold at least two public meetings to: (a) receive public comment on the draft project area plan; and (b) consider and discuss the draft project area plan. (2) At least […]