Utah § 11-32-8 - Dissolution of financing authority.
Full text of Utah Utah Code § 11-32-8 — Dissolution of financing authority., with citation guidance and answers to common questions.
§ 11-32-8. Dissolution of financing authority.
| (1) | The governing body of a county may at any time dissolve a financing authority created by the county in the manner then provided in Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act, subject to the limitations of this chapter. |
| (2) | A financing authority may not be dissolved unless all outstanding bonds and other obligations of the authority are paid in full as to principal, interest, and redemption premiums, if any, or unless provision for the payment of them when due has been made. |
| (3) | Upon the dissolution of a financing authority all assets and money of the authority remaining after a provision has been made for the payment of all outstanding bonds and obligations of the authority shall be transferred to the participant members as described in Section 11-32-15 or as agreed upon between the county and the other participant members. |
Amended by Chapter 300, 2000 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 11-32-8
What does Utah Code § 11-32-8 cover?
Section 11-32-8 ("Dissolution of financing authority.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 11-32-8?
A common citation format is "Utah Code § 11-32-8" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 11-32-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.