Utah Code § 17D-2-702

Current through the 2024 Fourth Special Session

Section 17D-2-702 - Effect of dissolution

Upon the dissolution of a local building authority:

(1) title to all of the local building authority's projects vest in the creating local entity; and

(2) all assets and net earnings of the local building authority remaining after the payment or providing for the payment of all local building authority bonds and other obligations shall be transferred to the creating local entity.

Utah Code § 17D-2-702

Enacted by Chapter 360, 2008 General Session .