8-5-5 - Proceeds of resale of lots.
8-5-5. Proceeds of resale of lots.
The proceeds from the subsequent resale of any lot or parcel, title to which has beenrevested in the municipality or cemetery maintenance district under Section 8-5-2 or 8-5-6, lessthe costs and expenses incurred in the proceeding, shall become part of the permanent care andimprovement fund of the municipality or cemetery maintenance district, subject to subsequentdisposition 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, FiscalProcedures for Local Districts.
Amended by Chapter 329, 2007 General Session