Section 405 – Terms and conditions of sale — Plan of financing — Signatures — Replacement — Registration — Federal rebate.
63B-6-405. Terms and conditions of sale — Plan of financing — Signatures — Replacement — Registration — Federal rebate. (1) In the issuance of bonds, the commission may determine by resolution: (a) the manner of sale, including public or private sale; (b) the terms and conditions of sale, including price, whether at, below, or above […]
Section 406 – Constitutional debt limitation.
63B-6-406. Constitutional debt limitation. (1) The commission may not issue bonds under this chapter in an amount that violates the limitation described in Utah Constitution Article XIV, Section 1. (2) For purposes of applying the debt limitation contained in Utah Constitution Article XIV, Section 1, the value of the taxable property in Utah is considered […]
Section 302 – Authorization, terms, and procedures.
63B-6-302. 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 303 – Purchase and redemption requirements.
63B-6-303. 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 304 – General provisions — Funds and accounts.
63B-6-304. General provisions — Funds and accounts. (1) (a) Sections 63B-6-205, 63B-6-206, 63B-6-213, 63B-6-214, 63B-6-215, and 63B-6-216 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 401 – State Bonding Commission authorized to issue general obligation bonds.
63B-6-401. State Bonding Commission authorized to issue general obligation bonds. The commission created under Section 63B-1-201 may issue and sell general obligation bonds of the state pledging the full faith, credit, and resources of the state for the payment of the principal of and interest on the bonds to provide funds to the State Tax […]
Section 201 – Legislative intent statements.
Effective 6/1/2022 63B-5-201. Legislative intent statements. (1) If the United States Department of Defense has not provided matching funds to construct the National Guard Armory in Orem by December 31, 1997, the Division of Facilities Construction and Management shall transfer any funds received from issuance of a General Obligation Bond for benefit of the Orem […]
Section 201 – Legislative intent statements — Capital facilities.
Effective 7/1/2021 63B-4-201. Legislative intent statements — Capital facilities. (1) (a) It is the intent of the Legislature that the University of Utah use institutional and other funds to plan, design, and construct two campus child care centers under the supervision of the director of the Division of Facilities Construction and Management unless supervisory authority […]
Section 301 – Bonds for golf course at Wasatch Mountain State Park.
Effective 7/1/2021 63B-4-301. Bonds for golf course at Wasatch Mountain State Park. (1) The State Building Ownership Authority under authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease purchase agreement in which participation interests may be created, to […]
Section 210 – Investment of sinking fund money.
63B-2-210. Investment of sinking fund money. (1) The state treasurer may, by following the procedures and requirements of Title 51, Chapter 7, State Money Management Act, invest any money contained in the sinking fund until it is needed for the purposes for which the fund is created. (2) Unless otherwise provided in the resolution of […]