Section 1106 – Board of trustees required to fix rates to cover district expenses and bonds.
17B-1-1106. Board of trustees required to fix rates to cover district expenses and bonds. The board of trustees shall fix the rate or rates for services or commodities provided by the district that will, in conjunction with the proceeds of any maintenance and operation tax and other district revenues: (1) pay the district’s operating expenses; […]
Section 1107 – Ratification of previously issued bonds and previously entered contracts.
17B-1-1107. Ratification of previously issued bonds and previously entered contracts. All bonds issued or contracts entered into by a local district before April 30, 2007 are ratified, validated, and confirmed and declared to be valid and legally binding obligations of the district in accordance with their terms. Enacted by Chapter 329, 2007 General Session
Section 1102 – General obligation bonds.
Effective 5/5/2021 17B-1-1102. General obligation bonds. (1) Except as provided in Subsections (3) and (7), if a district intends to issue general obligation bonds, the district shall first obtain the approval of district voters for issuance of the bonds at an election held for that purpose as provided in Title 11, Chapter 14, Local Government […]
Section 1103 – Levy to pay for general obligation bonds.
17B-1-1103. Levy to pay for general obligation bonds. (1) (a) If a district has issued general obligation bonds, or expects to have debt service payments due on general obligation bonds during the current year, the district’s board of trustees may make an annual levy of ad valorem property taxes in order to: (i) pay the […]
Section 1104 – Pledge of revenues to pay for bonds.
17B-1-1104. Pledge of revenues to pay for bonds. Bonds may be payable from and secured by the pledge of all or any specified part of: (1) the revenues to be derived by the district from providing its services and from the operation of its facilities and other properties; (2) sales and use taxes, property taxes, […]
Section 1105 – Revenue bonds — Requirement to impose rates and charges to cover revenue bonds — Authority to make agreements and covenants to provide for bond repayment.
17B-1-1105. Revenue bonds — Requirement to impose rates and charges to cover revenue bonds — Authority to make agreements and covenants to provide for bond repayment. (1) A local district intending to issue revenue bonds may, but is not required to, submit to district voters for their approval the issuance of the revenue bonds at […]
Section 1101 – Provisions applicable to a local district’s issuance of bonds.
17B-1-1101. Provisions applicable to a local district’s issuance of bonds. Subject to the provisions of this part: (1) each local district that issues bonds shall: (a) issue them as provided in, as applicable: (i)Title 11, Chapter 14, Local Government Bonding Act; or (ii)Title 11, Chapter 42, Assessment Area Act; and (b) receive the benefits of […]