Utah § 11-59-205 - Authority funds.

Full text of Utah Utah Code § 11-59-205 — Authority funds., with citation guidance and answers to common questions.

§ 11-59-205. Authority funds.

Effective 5/3/2023
11-59-205.  Authority funds.
(1) Authority funds consist of all money that the authority receives from any source, including:
(a) money appropriated by the Legislature;
(b) money from lease revenue;
(c) revenue from fees or other charges imposed by the authority; and
(d) other money paid to or acquired by the authority, as provided in this chapter or other applicable law.
(2) The authority may use authority funds to carry out any of the powers of the authority under this chapter or for any purpose authorized under this chapter, including:
(a) providing long-term benefits to the state from the development or use of point of the mountain state land;
(b) investment in authority projects;
(c) repayment of point of the mountain infrastructure loans;
(d) repayment of or collateral for authority bonds;
(e) the sharing of money with other governmental entities under an interlocal agreement; and
(f) paying any consulting fees, staff salaries, and other administrative, overhead, legal, and operating expenses of the authority.


Amended by Chapter 263, 2023 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 11-59-205

What does Utah Code § 11-59-205 cover?

Section 11-59-205 ("Authority funds.") 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 § 11-59-205?

A common citation format is "Utah Code § 11-59-205" (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 § 11-59-205 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.