8-5-5. Proceeds of resale of lots.
The proceeds from the subsequent resale of any lot or parcel, title to which has been
revested in the municipality or cemetery maintenance district under Section 8-5-2 or 8-5-6, less
the costs and expenses incurred in the proceeding, shall become part of the permanent care and
improvement fund of the municipality or cemetery maintenance district, subject to subsequent
disposition under Title 10, Chapter 5, Uniform Fiscal Procedures Act for Utah Towns, Title 10,
Chapter 6, Uniform Fiscal Procedures Act for Utah Cities, or Title 17B, Chapter 1, Part 6, Fiscal
Procedures for Local Districts.
Amended by Chapter 329, 2007 General Session
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Last revised: Wednesday, October 08, 2008