11-13-521. Emergency expenditures. The
governing board of an
interlocal entity may, by resolution, amend a
budget and authorize an expenditure of money that results in a
deficit in the interlocal entity general
fund balance if:
| (1) |
the board determines that:
Terms Used In Utah Code 11-13-521- Board: means the Permanent Community Impact Fund Board created by Section 35A-8-304, and its successors. See Utah Code 11-13-103
- Budget: means a plan of financial operations for a fiscal year that embodies estimates of proposed expenditures for given purposes and the proposed means of financing them, and may refer to the budget of a particular fund for which a budget is required by law or may refer collectively to the budgets for all required funds. See Utah Code 11-13-501
- Deficit: means the occurrence when expenditures exceed revenues. See Utah Code 11-13-501
- Fund: has the meaning provided in generally accepted accounting principles. See Utah Code 11-13-501
- Governing board: includes a board of directors described in an agreement, as amended, that creates a project entity. See Utah Code 11-13-103
- Interlocal entity: includes a governmental nonprofit corporation, as that term is defined in Section 11-13a-102. See Utah Code 11-13-501
| (a) |
an emergency exists; and |
| (b) |
the expenditure is reasonably necessary to meet the emergency; and |
|
| (2) |
the expenditure is used to meet the emergency. |
Enacted by Chapter 265, 2015 General Session
