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Utah Code § 17D-2-702

Effect of dissolution

Utah · Utah Code Title 17D — Limited Purpose Local Government Entities - Other Entities · Status: effective

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Utah Code § 17D-2-702, Effect of dissolution, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2330148
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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.