17-36-3.5. Fiscal period -- Annual or biennial.
(1) Except as provided in Subsection (2), the fiscal period for each county shall be an
annual period beginning on January 1 of each year and ending December 31 of the same calendar
year.
(2) (a) Notwithstanding Subsection (1), the legislative body of a county may, by
ordinance, adopt for the county a fiscal period that is a biennial period beginning January 1 and
ending December 31 of the following calendar year.
(b) Each county adopting an ordinance under Subsection (2)(a) shall separately specify in
its budget the amount of ad valorem property tax it intends to levy and collect during both the first
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 period
that is an annual period; and
(ii) allocate budgeted revenues and expenditures to each of the two annual periods in the
biennial budget.
(d) The legislative body of each county that adopts a fiscal period that is a biennial period
under Subsection (2)(a) shall, within ten days after the adoption of the ordinance adopting the
biennial period, deliver a copy of the ordinance to the state auditor.
Enacted by Chapter 300, 1999 General Session
Download Code Section Zipped WordPerfect 17_36_000305.ZIP 2,247 Bytes
Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page
Last revised: Thursday, May 28, 2009