Section R628-18-8 - Reporting Requirements and Penalty for Violation by a Public Treasurer(1) Pursuant to Subsection 51-7-18.2(2)(d), the public treasurer of each public entity that is a party to any outstanding Contract must submit a report to the council within 30 days after June 30 and December 31 of each year containing the following information as of the immediately preceding June 30 or December 31, as applicable: (a) A listing of all outstanding Contracts to which the public entity is a party;(b) the Notional amount of each Contract, if applicable;(c) the underlying debt to which each Contract relates;(d) the type of each Contract e.g., interest rate exchange or swap contract, cash flow exchange or swap contract or, if the Contract is a derivative of the foregoing, forward swap, option to enter into a swap, floor, cap, collar, or other derivative; and(e) a description of the basis upon which the public entity's payment obligations are determined under each Contract.(2) Any public entity that willfully violates the provisions of this rule is guilty of a Class A misdemeanor.(3) Any public entity that knowingly makes or causes to be made a false statement or report to the council is guilty of a Class A misdemeanor.Utah Admin. Code R628-18-8