Utah § 11-54-103 Sale of previously purchased item -- Limitations.

Utah Statutes

§ 11-54-103 — Sale of previously purchased item -- Limitations.

Utah § 11-54-103

Title 11Cities, Counties, and Local Taxing Units

Ch. 11-54Local Government Sale of Procurement Item

This text of Utah § 11-54-103 (Sale of previously purchased item -- Limitations.) 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. § 11-54-103 (2026).

Text

A local government entity that sells a procurement item to a buyback purchaser for an amount that exceeds the amount the local government entity paid for the procurement item:

(1)shall require the buyback purchaser to pay cash for the procurement item;

(2)may not accept the excess repurchase amount in the form of a credit, discount, or other incentive on a future purchase that the local government entity makes from the buyback purchaser; and

(3)may not use the excess repurchase amount to acquire an additional procurement item from the person who paid the excess repurchase amount.

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A local government entity that sells a procurement item to a buyback purchaser for an amount that exceeds the amount the local government entity paid for the procurement item:
(1) shall require the buyback purchaser to pay cash for the procurement item;
(2) may not accept the excess repurchase amount in the form of a credit, discount, or other incentive on a future purchase that the local government entity makes from the buyback purchaser; and
(3) may not use the excess repurchase amount to acquire an additional procurement item from the person who paid the excess repurchase amount.