Section 504 – Manner of issuance — Amounts, interest, and maturity.
63B-11-504. Manner of issuance — Amounts, interest, and maturity. (1) Bonds issued under this chapter may be authorized, sold, and issued at times and in a manner determined by the commission by resolution. (2) Bonds may be issued in one or more series, in amounts, and shall bear dates, interest rates, including a variable rate, […]
Section 505 – Terms and conditions of sale — Plan of financing — Signatures — Replacement — Registration — Federal rebate.
63B-11-505. 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 404 – General provisions — Funds and accounts.
63B-11-404. General provisions — Funds and accounts. (1) (a) Sections 63B-11-305, 63B-11-306, 63B-11-313, 63B-11-314, 63B-11-315, and 63B-11-316 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 312 – Refunding of bonds.
63B-11-312. 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 313 – Certification of satisfaction of conditions precedent — Conclusiveness.
63B-11-313. 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 314 – Tax exemption.
63B-11-314. 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 278, 2002 General Session
Section 315 – Legal investment status.
63B-11-315. 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 278, 2002 General Session
Section 316 – Publication of resolution or notice — Limitation on actions to contest legality.
63B-11-316. 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 317 – Report to Legislature.
63B-11-317. 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 278, 2002 General Session
Section 402 – Authorization, terms, and procedures.
63B-11-402. 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 […]