Section 405 – Project area budget.

• (1) Before the lake authority may use authority funds to implement the management plan, the authority board shall prepare and adopt a project area budget.

• (2) The lake authority board may amend an adopted project area budget as and when the lake authority board considers an amendment appropriate.

• (3) If the lake authority adopts a budget under Part 6, Lake Authority Budget, Reporting, and Audits, that also meets the requirements of this part, the lake authority need not separately adopt a budget under this part.

Enacted by Chapter 59, 2022 General Session