63H-1-706 - Authority chief financial officer is a public treasurer -- Certain authority funds are public funds.
63H-1-706. Authority chief financial officer is a public treasurer -- Certainauthority funds are public funds.
(1) The authority's chief financial officer:
(a) is a public treasurer, as defined in Section 51-7-3; and
(b) shall invest the authority funds specified in Subsection (2) as provided in thatsubsection.
(2) Notwithstanding Subsection 63E-2-110(2)(a), tax increment funds, municipalservices revenue, and appropriations that the authority receives from the state:
(a) are public funds; and
(b) shall be invested as provided in Title 51, Chapter 7, State Money Management Act.
Enacted by Chapter 92, 2009 General Session