17-36-3.5 - Fiscal period -- Annual or biennial. - Utah Statutes

17-36-3.5. Fiscal period -- Annual or biennial.
(1) Except as provided in Subsection (2), the fiscal period for each county shall be anannual period beginning on January 1 of each year and ending December 31 of the same calendaryear.
(2) (a) Notwithstanding Subsection (1), the legislative body of a county may, byordinance, adopt for the county a fiscal period that is a biennial period beginning January 1 andending December 31 of the following calendar year.
(b) Each county adopting an ordinance under Subsection (2)(a) shall separately specify inits budget the amount of ad valorem property tax it intends to levy and collect during both thefirst half and the second half of the budget period.
(c) Each county that adopts a fiscal period that is a biennial period under Subsection(2)(a) shall:
(i) comply with Sections 59-2-912 through 59-2-926 as if it had adopted a fiscal periodthat is an annual period; and
(ii) allocate budgeted revenues and expenditures to each of the two annual periods in thebiennial budget.
(d) The legislative body of each county that adopts a fiscal period that is a biennialperiod under Subsection (2)(a) shall, within 10 days after the adoption of the ordinance adoptingthe biennial period, deliver a copy of the ordinance to the state auditor.

Enacted by Chapter 300, 1999 General Session