The board of trustees of a special district may, by resolution, amend a budget and authorize an expenditure of money that results in a deficit in the district's general fund balance if:

1. (1) the board determines that:

   1. (a) an emergency exists; and
   2. (b) the expenditure is reasonably necessary to meet the emergency; and
2. (2) the expenditure is used to meet the emergency.

Amended by Chapter 15, 2023 General Session