Utah Code 11-65-405. Project area budget

11-65-405. Project area budget.

(1)	Before the lake authority may use authority funds to implement the management plan, the authority board shall prepare and adopt a project area budget.

Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
Board: means the lake authority's governing body, created in Section 11-65-301. See Utah Code 11-65-101
Lake authority: means the Utah Lake Authority, created in Section 11-65-201. See Utah Code 11-65-101
Management: means work to coordinate and facilitate the improvement of Utah Lake, including work to enhance the long-term viability and health of Utah Lake and to produce economic, aesthetic, recreational, environmental, and other benefits for the state, consistent with the strategies, policies, and objectives described in this chapter. See Utah Code 11-65-101
Project area: means an area that is identified in a project area plan as the area where the management described in the project area plan will occur. See Utah Code 11-65-101
Project area budget: means a multiyear projection of annual or cumulative revenues and expenses and other fiscal matters pertaining to a project area. See Utah Code 11-65-101

(2)	The lake authority board may amend an adopted project area budget as and when the lake authority board considers an amendment appropriate.

(3)	If the lake authority adopts a budget under 6, that also meets the requirements of this part, the lake authority need not separately adopt a budget under this part.

Enacted by Chapter 59, 2022 General Session