Utah § 63H-1-705 Audit report.

Utah Statutes

§ 63H-1-705 — Audit report.

Utah § 63H-1-705

Title 63HIndependent State Entities

Ch. 63H-1Military Installation Development Authority Act

Part 63H-1-7Authority Budget and Reports

This text of Utah § 63H-1-705 (Audit report.) 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. § 63H-1-705 (2026).

Text

(1)The authority shall, within 180 days after the end of the authority's fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the authority collects property tax allocation.

(2)Each audit report under Subsection (1) shall include:

(2)(a) the property tax allocation collected by the authority for each project area;

(2)(b) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the authority's project areas; and

(2)(c) the actual amount expended for:

(2)(c)(i) acquisition of property;

(2)(c)(ii) site improvements or site preparation costs;

(2)(c)(iii) installation of public utilities or other public i

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(1) The authority shall, within 180 days after the end of the authority's fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the authority collects property tax allocation.
(2) Each audit report under Subsection (1) shall include:

(2)(a) the property tax allocation collected by the authority for each project area;
(2)(b) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the authority's project areas; and
(2)(c) the actual amount expended for:
(2)(c)(i) acquisition of property;
(2)(c)(ii) site improvements or site preparation costs;
(2)(c)(iii) installation of public utilities or other public improvements; and
(2)(c)(iv) administrative costs of the authority.