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Current as of January 01, 2025 | Updated by Findlaw Staff
As used in this chapter:
(1) “Buyback purchaser” means a person who buys a procurement item from the local government entity to which the person previously sold the procurement item.
(2) “Excess repurchase amount” means the difference between:
(a) the amount a buyback purchaser pays to a local government entity to purchase a procurement item that the buyback purchaser previously sold to the local government entity; and
(b) the amount the local government entity paid to the buyback purchaser to purchase the procurement item.
(3) “Local government entity” means a county, city, town, special district, special service district, community reinvestment agency, conservation district, or school district that is not subject to Title 63G, Chapter 6a, Utah Procurement Code.
(4) “Procurement item” means the same as that term is defined in Section 63G-6a-103.
Cite this article: FindLaw.com - Utah Code Title 11. Cities, Counties, and Local Taxing Units § 11-54-102. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-11-cities-counties-and-local-taxing-units/ut-code-sect-11-54-102/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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