Bill
Deposit of Public Funds
- Number
- H.B. 135 (2017GS)
- Sponsor
- Rep. Gardiner, A.
- Final action
- Governor Signed 3/17/2017
- Outcome
- Became law — signed by Gov. Gary R. Herbert
Summary
This bill modifies provisions relating to deposits of public funds by a political subdivision.
What it does
- This bill:
- amends the time frame requirement for an officer of a political subdivision to deposit public funds; and
- makes technical corrections.
Every vote on this bill
1/27/2017House Comm - Favorable Recommendation
House Political Subdivisions Committee
11 0 2not eligible / no record1/27/2017House Comm - Consent Calendar Recommendation
House Political Subdivisions Committee
11 0 2not eligible / no record2/1/2017House/ passed 3rd reading
Senate Secretary
70 1 4YEA2/7/2017Senate Comm - Favorable Recommendation
Senate Government Operations and Political Subdivisions Committee
6 0 2not eligible / no record2/7/2017Senate Comm - Consent Calendar Recommendation
Senate Government Operations and Political Subdivisions Committee
6 0 2not eligible / no record2/13/2017Senate/ passed 3rd reading
Senate President
27 0 2not eligible / no recordBill text
introduced version · official source
DEPOSIT OF PUBLIC FUNDS GENERAL SESSION STATE OF UTAH Chief Sponsor: Adam Gardiner Senate Sponsor: Lincoln Fillmore LONG TITLE General Description: This bill modifies provisions relating to deposits of public funds by a political subdivision. Highlighted Provisions: This bill: ▸ amends the time frame requirement for an officer of a political subdivision to deposit public funds; and ▸ makes technical corrections. Money Appropriated in this Bill: None Other Special Clauses: None Utah Code Sections Affected: AMENDS: 51-4-2 , as last amended by Laws of Utah 2007, Chapter 329 Be it enacted by the Legislature of the state of Utah: Section 1. Section 51-4-2 is amended to read: 51-4-2. Deposits by political subdivisions. (1) As used in this section: (a) "Officer" means each: (i) county treasurer, county auditor, county assessor, county clerk, clerk of the district court, city treasurer, city clerk, justice court judge; and (ii) other officer of a political subdivision. (b) "Political subdivision" means a county, city, town, school district, local district, and special service district. (2) (a) Each officer shall deposit all public funds daily [ whenever ] , if practicable , but [ not ] no later than [ three days after receipt ] once every three banking days . (b) Each officer shall deposit all public funds only in qualified depositories unless the public funds need to be deposited in a bank outside Utah in order to provide for: (i) payment of maturing bonds or other evidences of indebtedness; or (ii) payment of the interest on bonds or other evidences of indebtedness. (3) (a) (i) Each officer shall require all checks to be made payable to the office of the officer receiving funds or to the political subdivision's treasurer. (ii) An officer may not accept a check unless it is made payable to the office of the officer receiving funds or to the political subdivision's treasurer. (b) Each officer shall deposit all money [ he ] the officer collects into an account controlled by [ his ] the political subdivision's treasurer. (4) (a) Except as provided in Subsection (4)(b) and unless a shorter time for depositing funds is otherwise required by law, each political subdivision that has collected funds that are due to the state or to another political subdivision of the state shall, on or before the tenth day of each month, pay all of those funds that were receipted during the last month: (i) to a qualified depository for the credit of the appropriate public treasurer; or (ii) to the appropriate public treasurer. (b) Property tax collections shall be apportioned and paid according to Section 59-2-1365 . Legislative Review Note Office of Legislative Research and General Counsel