Section 403 – Notes, bonds, other obligations — Not a debt liability — Expenses payable from funds provided — Corporation without authority to incur liability on behalf of state — Relationship to Governmental Immunity Act of Utah.
Affected by 63I-1-263 on 7/1/2026 Effective 5/12/2015 63H-8-403. Notes, bonds, other obligations — Not a debt liability — Expenses payable from funds provided — Corporation without authority to incur liability on behalf of state — Relationship to Governmental Immunity Act of Utah. (1) (a) (i) Notes, bonds, and other obligations issued under this chapter are […]
Section 303 – Power to issue mortgage credit certificates — Impact of federal legislation on tax exempt status of corporation bonds.
Affected by 63I-1-263 on 7/1/2026 Effective 5/12/2015 63H-8-303. Power to issue mortgage credit certificates — Impact of federal legislation on tax exempt status of corporation bonds. (1) In order to accomplish the purposes of this chapter the corporation may issue mortgage credit certificates under 26 U.S.C. Sec. 25, as amended, and has the sole responsibility […]
Section 304 – Power to borrow money and make loans — Issuance of notes and bonds — Mortgage backed securities.
Affected by 63I-1-263 on 7/1/2026 Effective 5/12/2015 63H-8-304. Power to borrow money and make loans — Issuance of notes and bonds — Mortgage backed securities. (1) The corporation has the power to borrow money and to issue its notes, bonds, and other obligations in principal amounts as the corporation determines is necessary to provide sufficient […]
Section 204 – Relation to certain acts.
Affected by 63I-1-263 on 7/1/2026 Effective 7/1/2021 63H-8-204. Relation to certain acts. (1) The corporation is exempt from: (a)Title 51, Chapter 5, Funds Consolidation Act; (b)Title 51, Chapter 7, State Money Management Act; (c)Title 63A, Utah Government Operations Code; (d)Title 63G, Chapter 6a, Utah Procurement Code; (e)Title 63J, Chapter 1, Budgetary Procedures Act; (f)Title 63J, […]
Section 205 – Disclosure of interest.
Affected by 63I-1-263 on 7/1/2026 Effective 5/12/2015 63H-8-205. Disclosure of interest. (1) A trustee, officer, or employee of the corporation who has, will have, or later acquires an interest, direct or indirect, in a transaction with the corporation shall immediately disclose the nature and extent of that interest in writing to the corporation as soon […]
Section 206 – Officer or employee — No forfeiture of office or employment.
Affected by 63I-1-263 on 7/1/2026 Effective 5/12/2015 63H-8-206. Officer or employee — No forfeiture of office or employment. Notwithstanding the provisions of any other law, no officer or employee of this state forfeits a state office or state employment by accepting an appointment or by serving as a trustee of the corporation. Renumbered and Amended […]
Section 301 – Corporation — Powers.
Affected by 63I-1-263 on 7/1/2026 Effective 5/12/2015 63H-8-301. Corporation — Powers. The corporation has and may exercise all powers necessary or appropriate to carry out the purposes of this chapter, including: (1) to have perpetual succession as a body politic and corporate, constituting a public corporation, and to adopt, amend, and repeal rules, policies, and […]
Section 302 – Corporation — Additional powers.
Affected by 63I-1-263 on 7/1/2026 Effective 5/12/2015 63H-8-302. Corporation — Additional powers. (1) To accomplish the declared purposes of this chapter, the corporation has the following powers: (a) to purchase mortgage loans originated by mortgage lenders or local public bodies made for the purpose of financing the construction, development, rehabilitation, refinancing, or purchase of residential […]
Section 801 – Property and funds of the authority declared public property — Exemption from taxes.
Effective 7/1/2015 63H-7a-801. Property and funds of the authority declared public property — Exemption from taxes. (1) The property and funds of the authority are declared to be public property used for essential public and governmental purposes. (2) The property and the authority are exempt from all taxes and special assessments of any public body. […]
Section 802 – Term of the authority — Dissolution.
Effective 7/1/2019 63H-7a-802. Term of the authority — Dissolution. (1) The authority may be dissolved by an act of the Legislature. (2) Title to all assets of the authority upon its dissolution shall revert to the state for services provided by the public safety communications network. (3) The board is authorized to: (a) take any […]