2006 Utah Code - 17A-3-411 — Funds of district -- Budget -- Collection -- Investment -- Expenditures.

     17A-3-411.   Funds of district -- Budget -- Collection -- Investment -- Expenditures.
     With respect to the budgeting, accounting for, and disbursing of funds of the district, including taxes levied for the district, the district shall be governed by the general laws relating to such matters applicable to the county or municipality which established the district; but at all times these funds and any expenditures from these funds shall be separately accounted for and utilized only for district purposes. Accordingly:
     (1) a budget for the district shall be adopted and administered in the same manner as the budget for general purposes of the county or municipality which established the district, either as a part of the general budget or separate from it;
     (2) funds of the district shall be collected, held, and administered in the same manner as other funds of the county or municipality but shall be segregated and separately maintained as district funds, except where in the judgment of the governing authority advantages inure to the district from co-investment of district funds and other funds also subject to control by the governing authority, then the governing authority may effect this co-investment, but in no event shall the funds of any district or the income from their investment be used for other purposes than those of that district; and
     (3) expenditures shall be made in the same manner that other expenditures of the county or municipality are made.

Renumbered and Amended by Chapter 186, 1990 General Session