Utah Code 11-65-701. Dissolution of lake authority — Restrictions — Notice of dissolution — Disposition of lake authority property — Lake authority records — Dissolution expenses
Current as of: 2024 | Check for updates
|
Other versions
(1) The lake authority may not be dissolved unless the lake authority has no outstanding bonded indebtedness, other unpaid loans, indebtedness, or advances, and no legally binding contractual obligations with persons or entities other than the state.
Terms Used In Utah Code 11-65-701
- Lake authority: means the Utah Lake Authority, created in Section
11-65-201 . See Utah Code 11-65-101 - Property: includes both real and personal property. See Utah Code 68-3-12.5
- 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
(2) Upon the dissolution of the lake authority:
(2)(a) the Governor’s Office of Economic Opportunity shall publish a notice of dissolution as required in Section 45-1-101; and
(2)(b) all title to property owned by the lake authority vests in the state.
(3) The books, documents, records, papers, and seal of the dissolved lake authority shall be deposited for safekeeping and reference with the state auditor.
(4) The lake authority shall pay all expenses of the deactivation and dissolution.