Utah Code § 53G-4-903
Resale of surplus property
Utah · Utah Code Title 53G — Public Education System -- Local Administration · Status: effective
Cite this
- Citation
- Utah Code § 53G-4-903, Resale of surplus property, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2340336
- Permanent ID
ys:prov:2340336@1- SHA-256
40185487a7d26b6b875c35db65aa702fa8254955e8194dc7ccc8ef7a28971d11
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) If an eligible entity that has acquired surplus property under Section 53G-4-902 afterwards declares that property to be surplus, the school district from which the eligible entity acquired the property may purchase, and the eligible entity shall sell, the property as provided in Section 53G-4-902, except that the price at which the school district shall be entitled to reacquire the property shall be the price that the eligible entity paid for the property, plus the cost of any existing improvements that the eligible entity made to the property after it purchased the property.
(2) If the school district does not reacquire the surplus property under Subsection (1) and the eligible entity sells the surplus property to another buyer, the eligible entity and the school district shall equally share any proceeds of that sale that exceed the amount the eligible entity paid for the property plus the cost of any existing improvements the eligible entity made to the property after it purchased the property.