There is a newer version of the Utah Code
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2015 Utah Code
Title 11 - Cities, Counties, and Local Taxing Units
Chapter 32 - Utah Interlocal Financing Authority Act
Section 8 - Dissolution of financing authority.

UT Code § 11-32-8 (2015) What's This?
11-32-8. Dissolution of financing authority.
  • (1) The governing body of a county may at any time dissolve a financing authority created by the county in the manner then provided in Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act, subject to the limitations of this chapter.
  • (2) A financing authority may not be dissolved unless all outstanding bonds and other obligations of the authority are paid in full as to principal, interest, and redemption premiums, if any, or unless provision for the payment of them when due has been made.
  • (3) Upon the dissolution of a financing authority all assets and money of the authority remaining after a provision has been made for the payment of all outstanding bonds and obligations of the authority shall be transferred to the participant members as described in Section 11-32-15 or as agreed upon between the county and the other participant members.


Amended by Chapter 300, 2000 General Session

Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.