Utah Statutes
§ 11-65-701 — Dissolution of lake authority -- Restrictions -- Notice of dissolution -- Disposition of lake authority property -- Lake authority records -- Dissolution expenses.
Utah·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-65 Utah Lake Authority Act·Part 11-65-7 Lake Authority Dissolution
(1)The lake authority may not be dissolved unless the lake authority has no outstanding bonded indebtedness, other unpaid loans, indebtedness, or advances, and no legally binding contractual obligations with persons or entities other than the state.
(2)Upon the dissolution of the lake authority:
(2)(a) the Governor's Office of Economic Opportunity shall publish a notice of dissolution as required in Section 45-1-101; and
(2)(b) all title to property owned by the lake authority vests in the state.
(3)The books, documents, records, papers, and seal of the dissolved lake authority shall be deposited for safekeeping and reference with the state auditor.
(4)The lake authority shall pay all expenses of the deactivation and dissolution.
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Utah § 11-65-701 (Dissolution of lake authority -- Restrictions -- Notice of dissolution -- Disposition of lake authority property -- Lake authority records -- Dissolution expenses.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 59, 2022 General Session
Nearby Sections
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