63M-14-502. Budgeting process.
| (1) |
Within the legislative appropriations and in-kind goods and services received by the authority, the authority shall prepare an annual budget of revenues and expenditures for the authority for each fiscal year. |
Terms Used In Utah Code 63M-14-502
- Authority: means the Colorado River Authority of Utah created by Section 63M-14-201. See Utah Code 63M-14-102
- 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.
- Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
| (2) |
The authority may not make expenditures in excess of the total expenditures established in the annual budget as the budget is adopted or amended. |
Enacted by Chapter 179, 2021 General Session
