17D-4-401. District dissolution.
(1) The board of trustees of a public infrastructure district, other than a public infrastructure district created by a development authority that provides ongoing services, shall adopt a resolution to dissolve the public infrastructure once: the public infrastructure district has paid all the public infrastructure district's debts; the public infrastructure district's contractual obligations are satisfied or defeased; and except for public infrastructure and improvements, facilities, or properties that are privately owned, the public infrastructure and improvements, facilities, or properties described in the governing document, as required in Section, have been: 17D-4-202 constructed, repaired, or otherwise completed; accepted by the public entity as meeting the public entity's applicable development, design, and construction standards; and transferred to the entity responsible for the maintenance and operation of the public infrastructure and improvement, facility, or property.
(2) The board shall: adopt a resolution approving the dissolution of the public infrastructure district within 30 days of the day on which the conditions of Subsectionare met; and (1) file with the lieutenant governor a notice of an impending boundary action, as defined in Section, that meets the requirements of Subsection, within 30 days of the day on which the board adopts a resolution described in Subsection. 67-1a-6.5 67-1a-6.5(3) (2)(a)
(3) The board may use any assets of the public infrastructure district that remain after the requirements of Subsectionare met to pay costs associated with the dissolution process. (1)
(4) Upon the lieutenant governor's issuance of a certificate of dissolution under Section: 67-1a-6.5 the public infrastructure district is dissolved; and the board shall: if the public infrastructure district was located within the boundary of a single county, submit to the recorder of that county the original and a certified copy of the resolution described in Subsection; or (2)(a) if the public infrastructure district was located within the boundaries of more than a single county: submit to the recorder of one of those counties the original certificate of dissolution and a certified copy of the resolution described in Subsection; and (2)(a) submit to the recorder of each other county a certified copy of the certificate of dissolution and a certified copy of the resolution described in Subsection. (2)(a)
(5) If any assets of the public infrastructure district remain after the conditions of Subsectionare met and the costs described in Subsectionare paid, the board shall distribute the assets in the following order of priority: (1) (3) if there is a readily identifiable connection between the remaining assets and a financial burden borne by the real property owners in the dissolved public infrastructure district, proportionately to those real property owners; and the entity described in Subsection. (1)(c)(ii)