Section 401 – Corporation money — Depositing and paying out — Power to contract with holders of notes and bonds — Money held in trust.
Affected by 63I-1-263 on 7/1/2026 Effective 5/12/2015 63H-8-401. Corporation money — Depositing and paying out — Power to contract with holders of notes and bonds — Money held in trust. (1) (a) All money of the corporation, except as otherwise authorized or provided in this chapter, shall be deposited as soon as practicable in a […]
Section 402 – State pledge to holders of notes or bonds.
Affected by 63I-1-263 on 7/1/2026 Effective 5/12/2015 63H-8-402. State pledge to holders of notes or bonds. (1) The state pledges and agrees with the holders of notes or bonds issued under this chapter that the state will not limit or alter the rights hereby vested in the corporation to fulfill the terms of agreements made […]
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 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 203 – President and chief executive officer — Secretary-treasurer — Powers and duties — Power to employ experts — Power to employ independent legal counsel.
Affected by 63I-1-263 on 7/1/2026 Effective 5/12/2015 63H-8-203. President and chief executive officer — Secretary-treasurer — Powers and duties — Power to employ experts — Power to employ independent legal counsel. (1) (a) (i) The trustees shall appoint a president who is the chief executive officer of the corporation. (ii) The president: (A) may not […]
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. […]