Section 102 – Highway bonds — Maximum amount — Use of proceeds for Salt Lake County highway projects.
Effective 5/8/2018 63B-27-102. Highway bonds — Maximum amount — Use of proceeds for Salt Lake County highway projects. (1) (a) Subject to the restriction in Subsection (1)(c), the total amount of bonds issued under this section may not exceed $47,000,000 for acquisition and construction proceeds , plus additional amounts necessary to pay costs of issuance, […]
Section 103 – Highway bonds debt limitation.
Effective 4/22/2020 63B-27-103. Highway bonds debt limitation. (1) Notwithstanding Subsection 63B-27-101(1)(c), the commission may issue a general obligation bond authorized under Section 63B-27-101 if the issuance of the general obligation bond would result in the total current outstanding general obligation debt of the state exceeding 50% of the limitation described in the Utah Constitution, Article […]