There is a newer version
of
this Section
2020 Utah Code
Title 11 - Cities, Counties, and Local Taxing Units
Chapter 13 - Interlocal Cooperation Act
Part 5 - Fiscal Procedures for Interlocal Entities
Section 506 - Budget required for certain funds -- Capital projects fund.
Universal Citation: UT Code § 11-13-506 (2020)
Effective 5/12/2015
11-13-506. Budget required for certain funds -- Capital projects fund.
Enacted by Chapter 265, 2015 General Session
11-13-506. Budget required for certain funds -- Capital projects fund.
- (1) The budget officer shall prepare for each budget year a budget, subject to Section 11-13-507, for each of the following funds, to the extent applicable:
- (a) the general fund;
- (b) each special revenue fund, as that term is used in generally accepted accounting principles;
- (c) each debt service fund, as that term is used in generally accepted accounting principles;
- (d) each capital projects fund, as that term is used in generally accepted accounting principles;
- (e) each proprietary fund in accordance with Section 11-13-524; and
- (f) if the interlocal entity has a local fund, as defined in Section 53-2a-602, the local fund.
- (2)
- (a) A major capital improvement financed by general obligation bonds, capital grants, or interfund transfers shall use a capital projects fund budget unless the improvement financed is to be used for proprietary type activities.
- (b) The interlocal entity shall prepare a separate budget for the term of a capital improvement described in Subsection (2)(a) as well as the annual budget required under Subsection (1).
Enacted by Chapter 265, 2015 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.
