17-70-505. Interest in business entity regulated by county -- Disclosure.

281 words·~1 min read·/ut/title-17/chapter-70/17-70-505

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 11/6/2025

(1)An officer under this part who is an officer, director, agent, or employee or the owner of a substantial interest in any business entity that is subject to the regulation of the county in which the officer is appointed or elected shall disclose the position held and the precise nature and value of the officer's interest:

(a)upon first becoming appointed or elected; and

(b)during January of each year during which the officer continues to be an appointed or elected officer.

(2)An officer shall make the disclosure described in Subsection

(1)in a sworn statement filed with:

(a)the county legislative body; and

(b)if the officer is an elected officer, the county clerk.

(3)The commission shall:

(a)report the substance of the sworn statement described in Subsection

(2)to the members of the governing body; or

(b)provide a copy of the sworn statement described in Subsection

(2)to the members of the governing body no later than 30 days after the day on which the commission receives the statement.

(4)A county clerk who receives the sworn statement described in Subsection

(2)shall:

(a)post a copy of the sworn statement on the county's website; and

(b)ensure that the sworn statement remains posted on the county's website until the elected officer leaves office.

(a)This section does not apply to instances where the value of the interest does not exceed $5,000.

(b)A life insurance policy or an annuity may not be considered in determining the value of the interest.

Renumbered and Amended by Chapter 13 , 2025 Special Session 1