Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
(1) Authority funds consist of all money that the authority receives from any source, including:
(a) money appropriated by the Legislature;
(b) money from lease revenue;
(c) revenue from fees or other charges imposed by the authority; and
(d) other money paid to or acquired by the authority, as provided in this chapter or other applicable law.
(2) The authority may use authority funds to carry out any of the powers of the authority under this chapter or for any purpose authorized under this chapter, including:
(a) providing long-term benefits to the state from the development or use of point of the mountain state land;
(b) investment in authority projects;
(c) repayment of point of the mountain infrastructure loans;
(d) repayment of or collateral for authority bonds;
(e) the sharing of money with other governmental entities under an interlocal agreement; and
(f) paying any consulting fees, staff salaries, and other administrative, overhead, legal, and operating expenses of the authority.
Cite this article: FindLaw.com - Utah Code Title 11. Cities, Counties, and Local Taxing Units § 11-59-205. Authority funds - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-11-cities-counties-and-local-taxing-units/ut-code-sect-11-59-205/
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.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)