17D-5-203. Board of trustees -- Conflict of interest -- Compensation.
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Effective 5/6/2026
17D-5-203. Board of trustees -- Conflict of interest -- Compensation.
(1)A board member with a personal investment described in Section 67-16-9 is not in violation of Section 67-16-9 if:
(a)before beginning service as a board member, the board member complies with the disclosure requirements of Section 67-16-7 , as though that section applied to the board member's ownership of a personal investment described in Section 67-16-9 ; and
(b)during the board member's service, the board member complies with:
(i)the disclosure requirements of Section 67-16-7 , as provided in Subsection (1)(a) , upon any significant change in the board member's personal investment; and
(ii)applicable requirements of this part and the governing document.
(2)An infrastructure financing district may not compensate a board member for the member's service on the board unless the board member is a resident within the boundary of the infrastructure financing district.
Renumbered and Amended by Chapter 105 , 2026 General Session