57-8-7.6. Budget.

162 words·~1 min read·/ut/title-57/chapter-8/57-8-7-6

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

Effective 5/6/2026

57-8-7.6. Budget.

(1)At least once annually a management committee shall prepare and adopt a budget for the association.

(2)The management committee shall present the adopted budget to association members at a meeting of the members.

(3)A budget is disapproved if within 45 days after the date of the meeting under Subsection

(2)at which the management committee presents the adopted budget:

(a)at least 51% of all the allocated voting interests of the unit owners in the association vote to disapprove the adopted budget; and

(b)the vote is taken at a special meeting called by unit owners under the declaration, articles, or bylaws to disapprove the budget.

(4)If a budget is disapproved under Subsection

(3)or not adopted under Subsection

(1), the budget that the management committee last adopted continues as the budget until the management committee prepares and adopts a new budget for the association.

Enacted by Chapter 62 , 2026 General Session