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Utah Code Title 17B. Limited Purpose Local Government Entities--Special Districts § 17B-2a-1304. Board of trustees--Conflict of interest--Compensation

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) A board member with a personal investment described in Section 67-16-9 is not in violation of Section 67-16-9 if:

(a) before beginning service as a board member, the board member complies with the disclosure requirements of Section 67-16-7, as though that section applied to the board member's ownership of a personal investment described in Section 67-16-9; and

(b) during the board member's service, the board member complies with:

(i) the disclosure requirements of Section 67-16-7, as provided in Subsection (1)(a), upon any significant change in the board member's personal investment; and

(ii) applicable requirements of this part and the governing document.

(2) An infrastructure financing district may not compensate a board member for the member's service on the board unless the board member is a resident within the boundary of the infrastructure financing district.

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Cite this article: FindLaw.com - Utah Code Title 17B. Limited Purpose Local Government Entities--Special Districts § 17B-2a-1304. Board of trustees--Conflict of interest--Compensation - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-17b-limited-purpose-local-government-entities-special-districts/ut-code-sect-17b-2a-1304/

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