Utah Code 17-16a-6. Interest in business entity regulated by county — Disclosure
Current as of: 2024 | Check for updates
|
Other versions
(1) An officer under this part who is an officer, director, agent, or employee or the owner of a substantial interest in any business entity that is subject to the regulation of the county in which the officer is appointed or elected shall disclose the position held and the precise nature and value of the officer’s interest:
Terms Used In Utah Code 17-16a-6
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Legislative: when used to describe the powers, duties, or functions of a county commission or council, refers to:(3)(a) the power and duty to enact ordinances, levy taxes, and establish budgets; and(3)(b) those powers, duties, and functions that, under constitutional and statutory provisions and through long usage and accepted practice and custom at the federal and state level, have come to be regarded as belonging to the legislative branch of government. See Utah Code 17-50-101(1)(a) upon first becoming appointed or elected; and(1)(b) during January of each year during which the officer continues to be an appointed or elected officer.
(2) An officer shall make the disclosure described in Subsection (1) in a sworn statement filed with:
(2)(a) the county legislative body; and
(2)(b) if the officer is an elected officer, the county clerk.
(3) The commission shall:
(3)(a) report the substance of the sworn statement described in Subsection (2) to the members of the governing body; or
(3)(b) provide a copy of the sworn statement described in Subsection (2) to the members of the governing body no later than 30 days after the day on which the commission receives the statement.
(4) A county clerk who receives the sworn statement described in Subsection (2) shall:
(4)(a) post a copy of the sworn statement on the county’s website; and
(4)(b) ensure that the sworn statement remains posted on the county’s website until the elected officer leaves office.
(5)
(5)(a) This section does not apply to instances where the value of the interest does not exceed $5,000.
(5)(b) A life insurance policy or an annuity may not be considered in determining the value of the interest.