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.

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 § 11-42-414

Title 11Cities, Counties, and Local Taxing Units

Ch. 11-42Assessment Area Act

Part 11-42-4Assessments

This text of 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.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 11-42-414 (2026).

Text

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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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.