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) The executive director shall appoint a financial officer for the Administrative Services Division with the approval of the board.
(2) The financial officer shall be responsible for accounting for the authority, including:
(a) safekeeping and investment of public funds of the authority, including the funds expended from the restricted accounts created in this chapter;
(b) the proper collection, deposit, disbursement, and management of the public funds of the authority in accordance with Title 51, Chapter 7, State Money Management Act;
(c) having authority to sign all bills payable, notes, checks, drafts, warrants, or other negotiable instruments in the absence of the executive director and the executive director's designated employee;
(d) providing to the board and the executive director a statement of the condition of the finances of the authority, at least annually and at such other times as shall be requested by the board; and
(e) performing all other duties incident to the financial officer.
(3) The financial officer shall:
(a) be bonded in an amount established by the State Money Management Council; and
(b) file written reports with the State Money Management Council pursuant to Section 51-7-15.
Cite this article: FindLaw.com - Utah Code Title 63H. Independent State Entities § 63H-7a-603. Financial officer--Duties - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63h-independent-state-entities/ut-code-sect-63h-7a-603/
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)