Section 103 – Bond proceeds may be used to pay costs of issuance and sale.
63B-10-103. Bond proceeds may be used to pay costs of issuance and sale. The proceeds of bonds issued under this chapter shall be used for the purposes described in Section 63B-10-102 and to pay all or part of any cost incident to the issuance and sale of the bonds including, without limitation, printing, registration and […]
Section 101 – Higher education revenue bond authorizations.
63B-9-101. Higher education revenue bond authorizations. It is the intent of the Legislature that: (1) the Board of Regents issue, sell, and deliver revenue bonds or other evidences of indebtedness of the Board of Regents to borrow money on the credit, revenues, and reserves of the Higher Education Student Loan Program to finance the cost […]
Section 503 – Highway intent language.
63B-8-503. Highway intent language. (1) It is the intent of the Legislature that the state treasurer structure the financing so that: (a) the debt service is minimized; and (b) the debt may be paid off before July 1, 2007. (2) It is the intent of the Legislature that: (a) $26,000,000 of the bond proceeds issued […]
Section 503 – Highway revenue bond authorization.
63B-7-503. Highway revenue bond authorization. It is the intent of the Legislature that: (1) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations to provide up to $10,000,000 for the acquisition of real property or any interests in real […]
Section 412 – Refunding of bonds.
63B-6-412. 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 of Utah is considered the public body and the commission its governing body. […]
Section 413 – Certification of satisfaction of conditions precedent — Conclusiveness.
63B-6-413. 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 414 – Tax exemption.
63B-6-414. 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 391, 1997 General Session
Section 415 – Legal investment status.
63B-6-415. Legal investment status. Bonds issued under this chapter are legal investments for all state trust funds, insurance companies, banks, trust companies, and the State School Fund and may be used as collateral to secure legal obligations. Enacted by Chapter 391, 1997 General Session
Section 416 – Publication of resolution or notice — Limitation on actions to contest legality.
63B-6-416. 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 417 – Report to Legislature.
63B-6-417. 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 391, 1997 General Session