63H-1-706. Authority chief financial officer is a public treasurer -- Certain authority funds are public funds.
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Effective 3/30/2015
63H-1-706. Authority chief financial officer is a public treasurer -- Certain authority funds are public funds.
(1)The authority's chief financial officer:
(a)is a public treasurer, as defined in Section 51-7-3 ; and
(b)shall invest the authority funds specified in Subsection
(2)as provided in that subsection.
(2)Notwithstanding Subsection 63E-2-110(2)(a) , property tax allocation funds, municipal services revenue, and appropriations that the authority receives from the state:
(a)are public funds; and
(b)shall be invested as provided in Title 51, Chapter 7, State Money Management Act .
Amended by Chapter 377 , 2015 General Session