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

Utah Statutes

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

Utah § 17B-2a-1304

Title 17BLimited Purpose Local Government Entities - Special Districts

Ch. 17B-2aProvisions Applicable to Different Types of Special Districts

Part 17B-2a-13Infrastructure Financing District

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Bluebook

Utah Code Ann. § 17B-2a-1304 (2026).

Text

(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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(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 unless the board member is a resident within the boundary of the infrastructure financing district.