11-13-317.  Submitting to the Project Entity Oversight Committee.
     Within a reasonable time of the information being available, a project entity shall submit to the Project Entity Oversight Committee, created in Section 63C-26-201, publicly available financial and operating information relating to the project entity, including:

(1)  a copy of the project entity’s audited financial statements for each fiscal year;

Terms Used In Utah Code 11-13-317

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Project: includes a project entity's ownership interest in:
(i) facilities that provide additional project capacity;
(ii) facilities providing replacement project capacity;
(iii) additional generating, transmission, fuel, fuel transportation, water, or other facilities added to a project; and
(iv) a Utah interlocal energy hub, as defined in Section 11-13-602. See Utah Code 11-13-103
  • Project entity: means a Utah interlocal entity or an electric interlocal entity that owns a project as defined in this section. See Utah Code 11-13-103
    • (2)  a list of the project entity’s financing sources, including:

    (a)  outstanding bond issuances; and

    (b)  future planned bond issuances; and

    (3)  a statement describing the project entity’s net charges to its power purchasers for each fiscal year, including:

    (a)  a description of how those charges vary from the project entity’s previous fiscal year charges; and

    (b)  a statement describing the project entity’s annual power sales of the previous fiscal year broken down by entity, including the amount of power sold.

    Enacted by Chapter 322, 2022 General Session

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