(1) The authority‘s chief financial officer:

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Utah Code 63H-1-706

  • Authority: means the Military Installation Development Authority, created under Section 63H-1-201. See Utah Code 63H-1-102
  • Municipal services revenue: means revenue that the authority:
         (15)(a) collects from the authority's:
              (15)(a)(i) levy of a municipal energy tax;
              (15)(a)(ii) levy of a MIDA energy tax;
              (15)(a)(iii) levy of a telecommunications tax;
              (15)(a)(iv) imposition of a transient room tax; and
              (15)(a)(v) imposition of a resort communities tax;
         (15)(b) receives under Subsection 59-12-205(2)(a)(ii)(B); and
         (15)(c) receives as dedicated tax collections. See Utah Code 63H-1-102
  • Property tax: includes a privilege tax imposed under Title 59, Chapter 4, Privilege Tax, except as described in Subsection (20)(b), and each levy on an ad valorem basis on tangible or intangible personal or real property. See Utah Code 63H-1-102
  • 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
     (1)(a) is a public treasurer, as defined in Section 51-7-3; and
     (1)(b) shall invest the authority funds specified in Subsection (2) as provided in that subsection.
(2) Notwithstanding Subsection 63E-2-110(2)(a), property tax allocation funds, municipal services revenue, and appropriations that the authority receives from the state:

     (2)(a) are public funds; and
     (2)(b) shall be invested as provided in Title 51, Chapter 7, State Money Management Act.