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2015 Utah Code
Title 63E - Independent Entities Code
Chapter 2 - Independent Corporations Act
Section 110 - Budgetary and fiscal requirements.

UT Code § 63E-2-110 (2015) What's This?
63E-2-110. Budgetary and fiscal requirements.
  • (1) The board of each independent corporation shall annually adopt a budget.
  • (2)
    • (a) All money held in trust by an independent corporation is not public funds, even if they were public funds before the money was received by the independent corporation.
    • (b) The money of an independent corporation is not required to be held in the custody of the state treasurer.


Amended by Chapter 342, 2011 General Session

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