UTAH CODE (Last Updated: January 16, 2015) |
Title 63J. Budgeting |
Chapter 1. Budgetary Procedures Act |
Part 4. Internal Service Funds |
§ 63J-1-411. Internal service funds -- End of fiscal year -- Unused authority for capital acquisition.
Latest version.
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(1) An internal service fund agency's authority to acquire capital assets under Subsection 63J-1-410(8)(a) shall lapse if the acquisition of the capital asset does not occur in the fiscal year in which the authorization is included in the appropriations act, unless the Legislature identifies the authority to acquire the capital asset as nonlapsing authority: (a) for a specific one-time project and a limited period of time in the Legislature's initial appropriation to the agency; or (b) in a supplemental appropriation in accordance with Subsection (2). (3) An internal service fund agency shall submit a status report of outstanding nonlapsing authority to acquire capital assets and associated one-time projects to the Governor's Office of Management and Budget and the Legislative Fiscal Analyst's Office with the proposed budget submitted by the governor as provided under Section 63J-1-201.
Amended by Chapter 310, 2013 General Session