63G-7-704 - Tax levy by political subdivisions for payment of claims, judgments, or insurance premiums. - Utah Statutes

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Statutes > Utah > Title-63g > Chapter-07 > 63g-7-704

63G-7-704. Tax levy by political subdivisions for payment of claims, judgments, orinsurance premiums.
(1) Notwithstanding any provision of law to the contrary, a political subdivision maylevy an annual property tax sufficient to pay:
(a) any claim, settlement, or judgment;
(b) the costs to defend against any claim, settlement, or judgment; or
(c) for the establishment and maintenance of a reserve fund for the payment of claims,settlements, or judgments that may be reasonably anticipated.
(2) (a) The payments authorized to pay for punitive damages or to pay the premium forauthorized insurance is money spent for a public purpose within the meaning of this section andArticle XIII, Sec. 5, Utah Constitution, even though, as a result of the levy, the maximum levy asotherwise restricted by law is exceeded.
(b) No levy under this section may exceed .0001 per dollar of taxable value of taxableproperty.
(c) The revenues derived from this levy may not be used for any purpose other than thosespecified in this section.

Renumbered and Amended by Chapter 382, 2008 General Session

State Codes and Statutes

Statutes > Utah > Title-63g > Chapter-07 > 63g-7-704

63G-7-704. Tax levy by political subdivisions for payment of claims, judgments, orinsurance premiums.
(1) Notwithstanding any provision of law to the contrary, a political subdivision maylevy an annual property tax sufficient to pay:
(a) any claim, settlement, or judgment;
(b) the costs to defend against any claim, settlement, or judgment; or
(c) for the establishment and maintenance of a reserve fund for the payment of claims,settlements, or judgments that may be reasonably anticipated.
(2) (a) The payments authorized to pay for punitive damages or to pay the premium forauthorized insurance is money spent for a public purpose within the meaning of this section andArticle XIII, Sec. 5, Utah Constitution, even though, as a result of the levy, the maximum levy asotherwise restricted by law is exceeded.
(b) No levy under this section may exceed .0001 per dollar of taxable value of taxableproperty.
(c) The revenues derived from this levy may not be used for any purpose other than thosespecified in this section.

Renumbered and Amended by Chapter 382, 2008 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-63g > Chapter-07 > 63g-7-704

63G-7-704. Tax levy by political subdivisions for payment of claims, judgments, orinsurance premiums.
(1) Notwithstanding any provision of law to the contrary, a political subdivision maylevy an annual property tax sufficient to pay:
(a) any claim, settlement, or judgment;
(b) the costs to defend against any claim, settlement, or judgment; or
(c) for the establishment and maintenance of a reserve fund for the payment of claims,settlements, or judgments that may be reasonably anticipated.
(2) (a) The payments authorized to pay for punitive damages or to pay the premium forauthorized insurance is money spent for a public purpose within the meaning of this section andArticle XIII, Sec. 5, Utah Constitution, even though, as a result of the levy, the maximum levy asotherwise restricted by law is exceeded.
(b) No levy under this section may exceed .0001 per dollar of taxable value of taxableproperty.
(c) The revenues derived from this levy may not be used for any purpose other than thosespecified in this section.

Renumbered and Amended by Chapter 382, 2008 General Session