Utah Code 10-5-102.5. Definitions
Current as of: 2023 | Check for updates
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As used in this chapter:
| (1) | “Enterprise fund” means a fund as defined by the Governmental Accounting Standards Board that is used by a municipality to report an activity for which a fee is charged to users for goods or services. |
| (a) | a city of the first class, city of the second class, city of the third class, city of the fourth class, city of the fifth class; |
| (b) | a town, as classified in Section 10-2-301; or |
| (c) | a metro township as that term is defined in Section 10-2a-403 unless the term is used in the context of authorizing, governing, or otherwise regulating the provision of municipal services. See Utah Code 10-1-104 |
| (2) | “Fund” is as defined by the Governmental Accounting Standards Board as reflected in the Uniform Accounting Manual for All Local Governments prepared by the Office of the Utah State Auditor. |
| (3) | “General fund” is as defined by the Governmental Accounting Standards Board as reflected in the Uniform Accounting Manual for All Local Governments prepared by the Office of the Utah State Auditor. |
| (4) | “Interfund loan” means a loan of cash from one fund to another, subject to future repayment. |
| (5) | “Town general fund” means the general fund used by a town. |
| (6) | “Utility” means a utility owned by a town, in whole or in part, that provides electricity, gas, water, or sewer, or any combination of them. |
Enacted by Chapter 176, 2014 General Session
Enacted by Chapter 253, 2014 General Session
Amended by Chapter 253, 2014 General Session, (Coordination Clause)
Enacted by Chapter 377, 2014 General Session
Section from HB381, Chapter 253, supersedes section from SB18, Chapter 176, per coordination clause. Section from SB51, Chapter 377, merged with section from HB381.