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2021 Utah Code
Title 17 - Counties
Chapter 31 - Recreational, Tourist, and Convention Bureaus
Section 3 - Reserve fund authorized -- Use of collected funds -- Limitation on surplus in fund.
Universal Citation:
UT Code § 17-31-3 (2021)
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Effective 5/5/2021
17-31-3. Reserve fund authorized -- Use of collected funds -- Limitation on surplus in fund.
Amended by Chapter 376, 2021 General Session
17-31-3. Reserve fund authorized -- Use of collected funds -- Limitation on surplus in fund.
- (1) The county legislative body may create a reserve fund.
- (2)
- (a) Subject to Subsection (2)(b), a county legislative body shall retain any transient room tax funds collected but not expended during any fiscal year in the reserve fund to be used in accordance with Sections 17-31-2 through 17-31-5.
- (b) The accumulated unappropriated surplus in the reserve fund, as determined before the county's adoption of a tentative budget, may not exceed 50% of the total transient room tax revenue for the current fiscal year.
Amended by Chapter 376, 2021 General Session
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