128
revenue, calculating the levy on the latest taxable value.
129
(3) A governing body may
{
not
}
spend
or transfer
money deposited in an enterprise fund for
a good,
130
service, project, venture, or other purpose that is not directly related to the goods or services
131
provided by the enterprise for which the enterprise fund was created,
{
If
}
Except as provided in Subsection (5)(d), if
a town council includes in a tentative
budget, or an amendment to a budget,
145
allocations or transfers from [a utility] an enterprise fund to another fund
{
that are not
}
for a good,
service, project, venture, or purpose other than
146
reasonable allocations of costs between the [utility] enterprise fund and the other fund, the
3. Page
6, Lines 164 through 165
:
164
previously approved by the town council for the current fiscal year.]
(d) A governing body is not required to repeat the notice and hearing requirements in this
Subsection (5) if the funds to be allocated or transferred for the current year were previously approved
by the governing body during the current year and at a public hearing that complies with the notice and
hearing requirements of this Subsection (5).
165
Section 3.
Section
10-6-106
is amended to read:
244
(3) (a) The governing body shall adopt and administer an operating and capital budget
245
in accordance with this Subsection (3).
246
(b) A governing body may
{
not
}
spend
or transfer
money deposited in an enterprise fund for
a good,
247
service, project, venture, or other purpose that is not directly related to the goods or services
248
provided by the enterprise for which the enterprise fund was created,
{
If
}
Except as provided in Subsection (3)(f)(iv), if
the governing body includes in a
tentative budget or an amendment to a budget
272
allocations or transfers from [a utility] an enterprise fund to another fund
{
that are not
}
for a good,
service, project, venture, or purpose other than
273
reasonable allocations of costs between the [utility] enterprise fund and the other fund, the
6. Page
10, Lines 292 through 293
:
292
previously approved by the governing body for the current fiscal year.]
(iv) A governing body is not required to repeat the notice and hearing requirements in this
Subsection (3)(f) if the funds to be allocated or transferred for the current year were previously
approved by the governing body during the current year and at a public hearing that complies with the
notice and hearing requirements of this Subsection (3)(f).
293
(4) (a) Each tentative budget, amendment to a budget, or budget shall be reviewed and