Utah Statutes
§ 11-42-414 — Remaining interest and other money in assessment fund to be transferred to the guaranty fund or the local entity's general fund.
Utah·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-42 Assessment Area Act·Part 11-42-4 Assessments
The treasurer of each local entity that collects interest from the investment of an assessment fund or that receives penalties, costs, and other amounts for the benefit and credit of an assessment that remain after all local entity obligations are paid in full and cancelled shall transfer the remaining amount to:
(1)the guaranty fund, if required by bond covenants; or
(2)the local entity's general fund.
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Utah § 11-42-414 (Remaining interest and other money in assessment fund to be transferred to the guaranty fund or the local entity's general fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 329, 2007 General Session
Nearby Sections
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Title.§ 11-13-102
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Definitions.