Utah § 11-58-805 Audit report.

Utah Statutes

§ 11-58-805 — Audit report.

Utah·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-58 Utah Inland Port Authority Act·Part 11-58-8 Port Authority Budget, Reporting, and Audits

(1)The authority shall, within 180 days after the end of the authority's fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the authority collects property tax differential.

(2)Each audit report under Subsection (1) shall include:

(2)(a) the property tax differential collected by the authority;

(2)(b) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the authority's projects; and

(2)(c) the actual amount expended for:

(2)(c)(i) acquisition of property;

(2)(c)(ii) site improvements or site preparation costs;

(2)(c)(iii) installation of public utilities or other public improvements; and

(2)(c)

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The authority shall, within 180 days after the end of the authority's fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the authority collects property tax differential.
(2) Each audit report under Subsection (1) shall include:

(2)(a) the property tax differential collected by the authority;
(2)(b) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the authority's projects; and
(2)(c) the actual amount expended for:
(2)(c)(i) acquisition of property;
(2)(c)(ii) site improvements or site preparation costs;
(2)(c)(iii) installation of public utilities or other public improvements; and
(2)(c)(iv) administrative costs of the authority.

Utah § 11-58-805 (Audit report.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.