There is a newer version of the Utah Code
2011 Utah Code
Title 17D Limited Purpose Local Government Entities - Other Entities
Chapter 2 Local Building Authority Act
Section 702 Effect of dissolution.
17D-2-702. Effect of dissolution.Upon the dissolution of a local building authority:
(1) title to all of the local building authority's projects vest in the creating local entity; and
(2) all assets and net earnings of the local building authority remaining after the payment or providing for the payment of all local building authority bonds and other obligations shall be transferred to the creating local entity.
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