Utah Statutes

§ 17B-2a-1304 — Board of trustees -- Conflict of interest -- Compensation.

Utah·Title 17B Limited Purpose Local Government Entities - Special Districts·Ch. 17B-2a Provisions Applicable to Different Types of Special Districts·Part 17B-2a-13 Infrastructure Financing District
(1)A board member with a personal investment described in Section 67-16-9 is not in violation of Section 67-16-9 if:
(1)(a) before beginning service as a board member, the board member complies with the disclosure requirements of Section 67-16-7, as though that section applied to the board member's ownership of a personal investment described in Section 67-16-9; and
(1)(b) during the board member's service, the board member complies with:
(1)(b)(i) the disclosure requirements of Section 67-16-7, as provided in Subsection (1)(a), upon any significant change in the board member's personal investment; and
(1)(b)(ii) applicable requirements of this part and the governing document.
(2)An infrastructure financing district may not compensate a board member for the member's service on the board

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Utah § 17B-2a-1304 (Board of trustees -- Conflict of interest -- Compensation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Enacted by Chapter 388, 2024 General Session

Nearby Sections

15
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