Utah Code Title 10. Utah Municipal Code § 10-3-1306. Interest in business entity regulated by municipality--Disclosure statement required

(a) upon first becoming appointed, elected, or employed by the municipality; and

(b) when the officer's or municipal employee's position in the business entity changes significantly or when the value of the officer's or municipal employee's interest in the entity significantly increases above the officer's or municipal employee's most recent disclosure.

(a) the mayor; and

(b) for an officer who is an elected officer, the city recorder or town clerk.

(a) report the substance of the sworn statement described in Subsection (2) to the members of the governing body; or

(b) provide a copy of the sworn statement to the members of the governing body no later than 30 days after the date on which the mayor receives the statement.

(a) post a copy of the sworn statement on the municipality's website; and

(b) ensure that the sworn statement remains posted on the municipality's website until the elected officer leaves office.

(5)(a) This section does not apply to an instance where the value of the interest does not exceed $5,000.

(b) A life insurance policy or an annuity may not be considered in determining the value of the interest.