| (1) |
Terms Used In Utah Code 17-36-52- County general fund: means the general fund used by a county. See Utah Code 17-36-3
- 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.
- Fund: means an independent fiscal and accounting entity comprised of a sum of money or other resources segregated for a specific purpose or objective. See Utah Code 17-36-3
- General fund: is a s 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. See Utah Code 17-36-3
- 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) |
All amounts in the tax stability and trust fund established by a county under Section 17-36-51 may be deposited or invested as provided in Section 51-7-11. |
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| (2) |
| (a) |
The interest or other income realized from amounts in the tax stability and trust fund shall be returned to the county general fund during the fiscal year in which the income or interest is paid to the extent the interest or income is required by the county to provide for its purposes during that fiscal year. |
| (b) |
An amount returned in accordance with Subsection (2)(a) may be used for all purposes as other amounts in the county general fund. |
| (c) |
Any interest or income that is not returned to the county general fund in accordance with Subsection (2)(a) shall be added to the principal of that county’s tax stability and trust fund. |
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Amended by Chapter 176, 2014 General Session
