51-2a-401 - Withholding allocated state funds from an entity that does not comply with the accounting report requirements. - Utah Statutes

51-2a-401. Withholding allocated state funds from an entity that does not complywith the accounting report requirements.
(1) The state auditor shall withhold allocated state funds sufficient to pay the cost of theaccounting report from any political subdivision, interlocal organization, or other local entity thatdoes not comply with the accounting report requirements of Section 51-2a-201.
(2) (a) If no allocated state funds are available for withholding, the local entity shallreimburse the state auditor for any cost incurred in completing the accounting reports requiredunder Section 51-2a-402.
(b) The state auditor shall release the withheld funds when the accounting reportrequirements are met either voluntarily or by action under Section 51-2a-402.

Enacted by Chapter 206, 2004 General Session