17-63-805.
202 words·~1 min read·
/ut/title-17/chapter-63/17-63-805A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 11/6/2025
17-63-805. Reserve fund for capital improvements -- Transfer to fund of unencumbered surplus -- Investment -- Interest and income -- Modification of use -- Special election.
(1)At any time after the creation of a reserve fund under Section 17-63-803 , the county legislative body may transfer to the fund any unencumbered surplus county funds remaining at the end of a fiscal year.
(2)All money belonging to a reserve fund created under Section 17-63-803 shall be invested in such securities as are legal for other funds of the county.
(3)The interest and income from the investments shall be a part of the fund.
(4)The legislative body of any county may submit the proposition of using funds in a reserve fund established under Section 17-63-803 for projects other than originally specified to the electors of the county at a special election if the projects are for the purposes set forth in Section 17-63-803 .
(5)If a proposition under Subsection
(4)is proposed, the county legislative body shall fix a time and place for a special election on the proposition, to be held as provided by law.
Renumbered and Amended by Chapter 13 , 2025 Special Session 1