Section 604 – General provisions — Funds and accounts.
63B-11-604. General provisions — Funds and accounts. (1) (a) Sections 63B-11-505, 63B-11-506, 63B-11-513, 63B-11-514, 63B-11-515, and 63B-11-516 apply to any notes or renewals of notes issued under this part. (b) (i) For purposes of this part, any action that those sections require or permit the commission to take shall be considered sufficient if taken by […]
Section 701 – Revenue bond authorizations.
Effective 6/1/2022 63B-11-701. Revenue bond authorizations. (1) It is the intent of the Legislature that: (a) the Board of Regents, on behalf of the University of Utah, issue, sell, and deliver revenue bonds or other evidences of indebtedness of the University of Utah to borrow money on the credit, revenues, and reserves of the University […]
Section 702 – Other capital facility authorizations and intent language.
63B-11-702. Other capital facility authorizations and intent language. (1) It is the intent of the Legislature that: (a) Salt Lake Community College use donations and other institutional funds to plan, design, and construct a renovation of and addition to the Grand Theater under the direction of the director of the Division of Facilities Construction and […]
Section 516 – Publication of resolution or notice — Limitation on actions to contest legality.
63B-11-516. Publication of resolution or notice — Limitation on actions to contest legality. (1) The commission may: (a) publish any resolution it adopts under this chapter: (i) once in a newspaper having general circulation in Utah; and (ii) as required in Section 45-1-101; or (b) in lieu of publishing the entire resolution, publish a notice […]
Section 517 – Report to Legislature.
63B-11-517. Report to Legislature. The governor shall report the commission’s proceedings to each annual general session of the Legislature in his budget for as long as bonds issued under this chapter remain outstanding. Enacted by Chapter 266, 2002 General Session
Section 602 – Authorization, terms, and procedures.
63B-11-602. Authorization, terms, and procedures. (1) The state treasurer may, by written order, issue bond anticipation notes and renewals of bond anticipation notes, including, but not limited to, flexible notes and short-term series notes, in the form and with the terms that he determines. (2) The state treasurer may: (a) enter into whatever agreements with […]
Section 603 – Purchase and redemption requirements.
63B-11-603. Purchase and redemption requirements. (1) The notes and renewals of notes may provide the holders of the notes or renewals of notes with the right to require the state or other persons to purchase or redeem the notes or renewal notes before the stated maturity of the notes or renewals. (2) Notwithstanding Subsection (1), […]
Section 512 – Refunding of bonds.
63B-11-512. Refunding of bonds. (1) The commission may provide for the refunding of any of the bonds in accordance with Title 11, Chapter 27, Utah Refunding Bond Act. (2) For purposes of Title 11, Chapter 27, Utah Refunding Bond Act, the state is considered the public body and the commission its governing body. Enacted by […]
Section 513 – Certification of satisfaction of conditions precedent — Conclusiveness.
63B-11-513. Certification of satisfaction of conditions precedent — Conclusiveness. (1) The commission may not issue any bond under this chapter until it finds and certifies that all conditions precedent to issuance of the bonds have been satisfied. (2) A recital on any bond of this finding and certification conclusively establishes the completion and satisfaction of […]
Section 514 – Tax exemption.
63B-11-514. Tax exemption. The bonds issued under this chapter, any interest paid on the bonds, and any income from the bonds are not taxable in this state for any purpose, except for the corporate franchise tax. Enacted by Chapter 266, 2002 General Session