(1) The authority is exempt from:
(a) Title 51, Chapter 5, Funds Consolidation Act;
(b) Title 63A, Utah Government Operations Code;
(c) Title 63J, Chapter 1, Budgetary Procedures Act; and
(d) Title 63A, Chapter 17, Utah State Personnel Management Act.
(2) The authority is subject to:
(a) Title 52, Chapter 4, Open and Public Meetings Act;
(b) Section 67-3-12;
(c) Title 63G, Chapter 2, Government Records Access and Management Act; and
(d) Title 63G, Chapter 6a, Utah Procurement Code.
(3) The authority is subject to audit by the state auditor pursuant to Title 67, Chapter 3, Auditor, and by the legislative auditor general pursuant to Section 36-12-15.
(4) Subject to the requirements of Subsection 63E-1-304(2), the authority may participate in coverage under the Risk Management Fund created by Section 63A-4-201.