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Utah Code Title 63H. Independent State Entities § 63H-1-705. Audit report

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

(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 property tax allocation.

(2) Each audit report under Subsection (1) shall include:

(a) the property tax allocation collected by the authority for each project area;

(b) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the authority's project areas; and

(c) the actual amount expended for:

(i) acquisition of property;

(ii) site improvements or site preparation costs;

(iii) installation of public utilities or other public improvements; and

(iv) administrative costs of the authority.

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Cite this article: FindLaw.com - Utah Code Title 63H. Independent State Entities § 63H-1-705. Audit report - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63h-independent-state-entities/ut-code-sect-63h-1-705/

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