Utah Code 11-65-606. Lake authority chief financial officer is a public treasurer — Certain lake authority funds are public funds

11-65-606. Lake authority chief financial officer is a public treasurer — Certain lake authority funds are public funds.

(1)

The lake authority’s chief financial officer:

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
State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5

(a)	is a public treasurer, as defined in Section 51-7-3; and

(b)	shall invest the lake authority funds specified in Subsection (2) as provided in that subsection.

(2)

Notwithstanding Subsection 63E-2-110(2)(a), appropriations that the lake authority receives from the state:

(a)	are public funds; and

(b)	shall be invested as provided in Title 51, Chapter 7, State Money Management Act.

Enacted by Chapter 59, 2022 General Session