Effective 7/1/2021
11-14-318. Public hearing required.
11-14-318. Public hearing required.
- (1) Before issuing bonds authorized under this chapter, a local political subdivision shall:
- (a) in accordance with Subsection (2), provide public notice of the local political subdivision’s intent to issue bonds; and
- (b) hold a public hearing:
- (i) if an election is required under this chapter:
- (A) no sooner than 30 days before the day on which the notice of election is published under Section 11-14-202; and
- (B) no later than five business days before the day on which the notice of election is published under Section 11-14-202; and
- (ii) to receive input from the public with respect to:
- (A) the issuance of the bonds; and
- (B) the potential economic impact that the improvement, facility, or property for which the bonds pay all or part of the cost will have on the private sector.
- (i) if an election is required under this chapter:
- (2) A local political subdivision shall:
- (a) publish the notice required by Subsection (1)(a) on the Utah Public Notice Website, created under Section 63A-16-601, no less than 14 days before the public hearing required by Subsection (1)(b); and
- (b) ensure that the notice:
- (i) identifies:
- (A) the purpose for the issuance of the bonds;
- (B) the maximum principal amount of the bonds to be issued;
- (C) the taxes, if any, proposed to be pledged for repayment of the bonds; and
- (D) the time, place, and location of the public hearing; and
- (ii) informs the public that the public hearing will be held for the purposes described in Subsection (1)(b)(ii).
- (i) identifies:
Amended by Chapter 84, 2021 General Session
Amended by Chapter 345, 2021 General Session
Amended by Chapter 355, 2021 General Session