Section 706 – 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.

• (2) Notwithstanding Subsection 63E-2-110(2)(a), property tax allocation funds, municipal services revenue, and appropriations that the authority receives from the state:
  • (a) are public funds; and
  • (b) shall be invested as provided in Title 51, Chapter 7, State Money Management Act.

Amended by Chapter 377, 2015 General Session