59-2-1365 - Payment to taxing entities by county treasurer -- Investment of proceeds -- Transfer and receipt of money between taxing entities. - Utah Statutes

59-2-1365. Payment to taxing entities by county treasurer -- Investment ofproceeds -- Transfer and receipt of money between taxing entities.
(1) Except as provided in Subsections (3) and (4), the county treasurer shall pay to thetreasurer of each taxing entity in the county on or before the tenth day of each month:
(a) all moneys that the county treasurer received during the preceding month that are dueto the taxing entity; and
(b) each taxing entity's proportionate share of moneys the county treasurer receivedduring the preceding month for:
(i) delinquent taxes;
(ii) interest;
(iii) penalties; and
(iv) costs on all tax sales and redemptions.
(2) Except as provided in Subsections (3) and (4), the county treasurer shall:
(a) adopt an appropriate procedure to account for the transfer and receipt of moneysbetween taxing entities;
(b) make a final annual settlement on March 31 with each taxing entity, includingproviding the taxing entity a written statement for the most recent calendar year of the amount of:
(i) total taxes charged;
(ii) current taxes collected;
(iii) treasurer's relief;
(iv) redemptions;
(v) penalties;
(vi) interest;
(vii) in lieu fee collections on motor vehicles; and
(viii) miscellaneous collections;
(c) invest the moneys it receives under Subsection (1); and
(d) pay annually to each taxing entity in the county the interest earned on the investedmoneys under Subsection (2)(c):
(i) on or before March 31; and
(ii) apportioned according to the proportion that the taxing entity's tax receipts bear to thetotal tax receipts received by the county treasurer.
(3) Notwithstanding Subsections (1) and (2), a county may:
(a) negotiate with a taxing entity a procedure other than the procedure provided inSubsection (2)(a) to account for the transfer and receipt of moneys between the county and thetaxing entity; and
(b) establish a date other than the tenth day of each month for the county treasurer tomake payments required under Subsection (1).
(4) This section does not invalidate an existing contract between a county and a taxingentity relating to the apportionment and payment of moneys or interest.

Repealed and Re-enacted by Chapter 54, 1997 General Session