Full text of Utah Utah Code § 17-63-806 — Establishment of tax stability and trust fund -- Increase in tax levy -- Deposit or investment of funds -- Use of interest or other income., with citation guidance and answers to common questions.
§ 17-63-806. Establishment of tax stability and trust fund -- Increase in tax levy -- Deposit or investment of funds -- Use of interest or other income.
Effective 11/6/2025
17-63-806.
Establishment of tax stability and trust fund -- Increase in tax levy -- Deposit or investment of funds -- Use of interest or other income.
| (1) |
| (a) | Notwithstanding anything to the contrary contained in statute, the legislative body of any county may by ordinance establish and maintain a tax stability and trust fund, for the purpose of preserving funds during years with favorable tax revenues for use during years with less favorable tax revenues. |
| (b) | Each fund under Subsection (1)(a) shall be subject to all of the limitations and restrictions imposed by this section and Section 17-63-807. |
| (c) | The principal of the fund shall consist of all sums transferred to it in accordance with Subsection (2) and interest or other income retained in the fund under Subsection (4)(a). |
|
| (2) |
| (a) | After establishing a tax stability and trust fund as provided in Subsection (1), the legislative body, in establishing the levy for the property tax levied by the county under Section 59-2-908, may establish the levy at a level not to exceed .0001 per dollar of taxable value of taxable property increase per year that will permit the county to receive during that fiscal year sums in excess of what may be required to provide for the purposes of the county. |
| (b) | Any excess sums so received are to be transferred from the county general fund into the tax stability and trust fund. |
|
| (3) |
| (a) | All amounts in the tax stability and trust fund established by a county under this section may be deposited or invested as provided in Section 51-7-11. |
| (b) | The amounts described in Subsection (3)(a) may also be transferred by the county treasurer to the Public Treasurers' Investment Fund, as defined in Section 51-7-3, for the treasurer's management and control under Title 51, Chapter 7, State Money Management Act. |
|
| (4) |
| (a) | The interest or other income realized from amounts in the tax stability and trust fund shall be returned to the county general fund during the fiscal year in which the income or interest is paid to the extent the interest or income is required by the county to provide for county purposes during that fiscal year. |
| (b) | An amount returned in accordance with Subsection (4)(a) may be used for all purposes as other amounts in the county general fund. |
| (c) | Any interest or income that is not returned to the county general fund in accordance with Subsection (4)(a) shall be added to the principal of that county's tax stability and trust fund. |
|
Renumbered and Amended by Chapter
13, 2025 Special Session 1
Frequently Asked Questions About Utah § 17-63-806
What does Utah Code § 17-63-806 cover?
Section 17-63-806 ("Establishment of tax stability and trust fund -- Increase in tax levy -- Deposit or investment of funds -- Use of interest or other income.") 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 § 17-63-806?
A common citation format is "Utah Code § 17-63-806" (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 § 17-63-806 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.
