Section 318 – Division duties — Reimbursement.
63B-1-318. Division duties — Reimbursement. (1) The division shall: (a) construct, maintain, allocate the space in, and dispose of all facilities acquired or constructed for the authority with the proceeds of obligations of the authority; and (b) do all things necessary to keep those facilities in good order and repair. (2) The division may perform […]
Section 319 – Legal, accounting, and auditing services.
63B-1-319. Legal, accounting, and auditing services. (1) The attorney general shall provide all legal services, and the state auditor shall provide all accounting and auditing services, required by the authority, without reimbursement from that authority. (2) Subsection (1) does not apply to attorneys’ or accountants’ opinions required for the issuance of any obligations. (3) The […]
Section 320 – State to succeed to property of authority when encumbrances paid or authority dissolved.
63B-1-320. State to succeed to property of authority when encumbrances paid or authority dissolved. (1) Each facility shall immediately vest in and become the property of this state when the obligations encumbering it are paid. (2) If the authority is dissolved at any time, for any reason, all property of the authority shall immediately vest […]
Section 321 – Validation of prior obligations.
63B-1-321. Validation of prior obligations. All obligations issued by the authority before the effective date of this part and all proceedings had in the authorization and issuance of these obligations and all agreements with respect to them and the security for them are: (1) validated, ratified, and confirmed; and (2) all these obligations, agreements, and […]
Section 313 – Negotiability of obligations — Registration.
63B-1-313. Negotiability of obligations — Registration. All obligations of the authority are negotiable instruments within the meaning of, and for all purposes of Title 70A, Uniform Commercial Code, subject only to any provisions of those obligations relating to registration. Renumbered and Amended by Chapter 86, 2003 General Session
Section 314 – Person executing obligations not personally liable.
63B-1-314. Person executing obligations not personally liable. No person executing any obligations issued under this part is subject to personal liability or accountability because of the issuance. Renumbered and Amended by Chapter 86, 2003 General Session
Section 315 – Tax exemption.
63B-1-315. Tax exemption. (1) All property acquired or held by the authority under this part is declared to be public property used for essential public and governmental purposes. (2) All property and income from it, and all obligations issued under this part, the interest payable on them, and income derived from them, are exempt from […]
Section 316 – Obligations as legal investments — Deposit of obligations.
63B-1-316. Obligations as legal investments — Deposit of obligations. (1) The obligations issued under this part are securities in which all persons and organizations authorized to invest in any obligations of this state may properly and legally invest any funds, including capital belonging to them or within their control. (2) These obligations are also declared […]
Section 317 – Publication of resolution or other proceeding — Contest of proceedings — Mandamus to compel official to sign obligations.
63B-1-317. Publication of resolution or other proceeding — Contest of proceedings — Mandamus to compel official to sign obligations. (1) The authority may provide for the publication of any resolution it adopts for the authorization of obligations under this part: (a) in one issue of a newspaper having general circulation in this state; and (b) […]
Section 304 – State Building Ownership Authority created — Members — Compensation — Location in Department of Administrative Services.
Effective 5/4/2022 63B-1-304. State Building Ownership Authority created — Members — Compensation — Location in Department of Administrative Services. (1) There is created a body politic and corporate to be known as the State Building Ownership Authority composed of: (a) the governor; (b) the state treasurer; and (c) the executive director of the Department of […]