Utah § 63G-7-703 Reserve funds for payment of claims or purchase of insurance created by political subdivisions.

Utah Statutes

§ 63G-7-703 — Reserve funds for payment of claims or purchase of insurance created by political subdivisions.

Utah § 63G-7-703

Title 63GGeneral Government

Ch. 63G-7Governmental Immunity Act of Utah

Part 63G-7-7Payment Process and Sources for Paying Proved Claims Against Governmental Entities

This text of Utah § 63G-7-703 (Reserve funds for payment of claims or purchase of insurance created by political subdivisions.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 63G-7-703 (2026).

Text

Any political subdivision may create and maintain a reserve fund or, may jointly with one or more other political subdivisions, make contributions to a joint reserve fund, for the purpose of:

(1)making payment of claims against the cooperating subdivisions when they become payable under this chapter; or

(2)for the purpose of purchasing liability insurance to protect the cooperating subdivisions from any or all risks created by this chapter.

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Any political subdivision may create and maintain a reserve fund or, may jointly with one or more other political subdivisions, make contributions to a joint reserve fund, for the purpose of:
(1) making payment of claims against the cooperating subdivisions when they become payable under this chapter; or
(2) for the purpose of purchasing liability insurance to protect the cooperating subdivisions from any or all risks created by this chapter.