Utah Code § 10-3-1306

(1) An officer under this part, or a municipal employee, who is an officer, director, agent, or employee or the owner of a substantial interest in a business entity that is subject to the regulation of the municipality in which the officer or municipal employee is elected, appointed, or employed, shall disclose the position held and the nature and value of the officer's or employee's interest: (a) upon first becoming appointed, elected, or employed by the municipality; and (b) when the officer's or municipal employee's position in the business entity changes significantly or when the value of the officer's or municipal employee's interest in the entity significantly increases above the officer's or municipal employee's most recent disclosure. (2) An officer or municipal employee shall make the disclosure described in Subsection (1) in a sworn statement filed with: (a) the mayor; and (b) for an officer who is an elected officer, the city recorder or town clerk. (3) The mayor shall: (a) report the substance of the sworn statement described in Subsection (2) to the members of the governing body; or (b) provide a copy of the sworn statement to the members of the governing body no later than 30 days after the date on which the mayor receives the statement. (4) The municipal recorder or town clerk who receives the sworn statement described in Subsection (2) shall: (a) post a copy of the sworn statement on the municipality's website; and (b) ensure that the sworn statement remains posted on the municipality's website until the elected officer leaves office. (5) (a) This section does not apply to an instance where the value of the interest does not exceed $$5,000. (b) A life insurance policy or an annuity may not be considered in determining the value of the interest.