2006 Utah Code - 17A-3-414 — Disestablishment of districts -- Disposition of assets and liabilities.

     17A-3-414.   Disestablishment of districts -- Disposition of assets and liabilities.
     Upon disestablishment of a district any proceeds of the parking and business improvement fund, or any assets acquired with such fund, or liabilities incurred as a result of the formation, operation or management of such district, shall be subject to disposition as the governing authority shall determine, provided, however, any liabilities, either current or future, incurred as a result of action taken to accomplish the purpose of the district shall not be an obligation of the general fund or any other special fund of the county or municipality, but such liabilities shall be provided for entirely from available monies in the parking and business improvement fund of the county or municipality disestablishing any district.

Renumbered and Amended by Chapter 186, 1990 General Session