Effective 3/21/2022 11-58-801. Annual port authority budget — Fiscal year — Public hearing required — Auditor forms — Requirement to file annual budget. (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 […]
Effective 3/16/2018 11-58-802. Amending the port authority annual budget. (1) The 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 the annual budget. (3) The […]
Effective 7/21/2018 11-58-803. Port authority report. (1) (a) On or before November 1 of each year, the authority shall prepare and file a report with the county auditor of each county in which the authority jurisdictional land is located, the State Tax Commission, the State Board of Education, and each taxing entity that levies a […]
Effective 3/16/2018 11-58-804. 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 179, 2018 General Session
Effective 3/16/2018 11-58-805. Audit report. (1) The authority shall, within 180 days after the end of the authority’s fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the authority collects […]
Effective 7/21/2018 11-58-806. Port authority chief financial officer is a public treasurer — Certain port 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 […]
