The governing body shall fix the rate or rates for services or commodities provided by the special service district that will, in conjunction with the proceeds of any maintenance and operation tax and other special service district revenues:
(1)
pay the special service district’s operating expenses;
Terms Used In Utah Code 17D-1-506
Governing body: means :
(a)
the legislative body of the county or municipality that creates the special service district, to the extent that the county or municipal legislative body has not delegated authority to an administrative control board created under Section 17D-1-301; or
(b)
the administrative control board of the special service district, to the extent that the county or municipal legislative body has delegated authority to an administrative control board created under Section 17D-1-301. See Utah Code 17D-1-102
Special service district: means a limited purpose local government entity, as described in Section 17D-1-103, that:
(a)
is created under authority of the Utah Constitution Article XI, Section 7; and
(b)
operates under, is subject to, and has the powers set forth in this chapter. See Utah Code 17D-1-102
(2)
provide for repairs and depreciation of works owned or operated by the special service district;
(3)
pay the interest on any bonds issued by the special service district; and
(4)
provide, as much as practicable, a sinking or other fund to pay the principal of the bonds as they become due.
