Utah Statutes
§ 63E-2-110 — Budgetary and fiscal requirements.
(1)The board of each independent corporation shall annually adopt a budget.
(2)(2)(a) All money held in trust by an independent corporation is not public funds, even if they were public funds before the money was received by the independent corporation.
(2)(b) The money of an independent corporation is not required to be held in the custody of the state treasurer.
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Legislative History
Amended by Chapter 342, 2011 General Session
Nearby Sections
15
§ 63E-1-101
Title.§ 63E-1-102
Definitions -- List of independent entities.§ 63E-1-103
Registration as a limited purpose entity.§ 63E-1-202
Duties of the committee.§ 63E-1-301
Definitions.§ 63E-1-303
Recommendations of the committee.§ 63E-1-304
Limitations on risk management coverage.§ 63E-1-401
Definitions.§ 63E-1-402
Benefits to interested parties of an independent entity -- Disposition of unused appropriations.§ 63E-1-403
Privatization process -- Audit.§ 63E-1-404
Penalties for violation.§ 63E-2-101
Title.§ 63E-2-102
Independent corporations.