Section 103 – Agreements with federal government for funds.
53B-21-103. Agreements with federal government for funds. The board may enter into an agreement with the federal government in order to obtain funds for the following purposes: (1) to supplement bond proceeds used to pay for the projects referred to in Section 53B-21-101; and (2) to supplement income and revenues which, under this chapter, are […]
Section 101 – Financing of projects or buildings — Issuance of bonds — Sale price determined by board — Payment of bonds — Bonds exempt from income taxation.
Effective 7/1/2017 53B-21-101. Financing of projects or buildings — Issuance of bonds — Sale price determined by board — Payment of bonds — Bonds exempt from income taxation. (1) In order to pay all or part of the cost of the acquisition, purchase, construction, improvement, remodeling, addition to, extension, equipment, and furnishing of any project […]
Section 102 – Bonds do not create state indebtedness — Special obligations — Discharge of bonded indebtedness — Agreements and covenants by the board regarding bonds — Enforcement by court action.
53B-21-102. Bonds do not create state indebtedness — Special obligations — Discharge of bonded indebtedness — Agreements and covenants by the board regarding bonds — Enforcement by court action. (1) (a) The bonds issued under this chapter are not an indebtedness of the state, of the institution for which they are issued, or of the […]