Utah § 11-13-506 - Budget required for certain funds -- Capital projects fund.
Full text of Utah Utah Code § 11-13-506 — Budget required for certain funds -- Capital projects fund., with citation guidance and answers to common questions.
§ 11-13-506. Budget required for certain funds -- Capital projects fund.
Effective 5/12/2015 11-13-506.
Budget required for certain funds -- Capital projects fund.
(1)
The budget officer shall prepare for each budget year a budget, subject to Section 11-13-507, for each of the following funds, to the extent applicable:
(a)
the general fund;
(b)
each special revenue fund, as that term is used in generally accepted accounting principles;
(c)
each debt service fund, as that term is used in generally accepted accounting principles;
(d)
each capital projects fund, as that term is used in generally accepted accounting principles;
(e)
each proprietary fund in accordance with Section 11-13-524; and
(f)
if the interlocal entity has a local fund, as defined in Section 53-2a-602, the local fund.
(2)
(a)
A major capital improvement financed by general obligation bonds, capital grants, or interfund transfers shall use a capital projects fund budget unless the improvement financed is to be used for proprietary type activities.
(b)
The interlocal entity shall prepare a separate budget for the term of a capital improvement described in Subsection (2)(a) as well as the annual budget required under Subsection (1).
Section 11-13-506 ("Budget required for certain funds -- Capital projects fund.") 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 § 11-13-506?
A common citation format is "Utah Code § 11-13-506" (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 § 11-13-506 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.
