Section 504 – Pledge of revenues to pay for bonds.

17D-1-504. Pledge of revenues to pay for bonds.
Bonds may be payable from and secured by the pledge of all or any specified part of:

• (1) the revenues to be derived by the special service district from providing its services and from the operation of its facilities and other properties;

• (2) sales and use taxes, property taxes, and other taxes;

• (3) federal, state, or local grants;

• (4) in the case of special assessment bonds, the special assessments pledged to repay the special assessment bonds; and

• (5) other money legally available to the special service district.

Enacted by Chapter 360, 2008 General Session