11-27-1. Short title — Recital of authority required on face of bonds. This chapter shall be known and may be cited as the “Utah Refunding Bond Act.” All bonds issued under the authority provided for in this chapter shall contain on their face a recital to that effect. Enacted by Chapter 43, 1981 General Session
11-27-10. Legal investment status of refunding bonds. Refunding 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 6, 1984 General Session
11-27-3. Action by resolution of governing body — Purposes for bond issue — Exchange or sale — Interest rate limitations inapplicable — Principal amount — Investment of proceeds — Safekeeping and application of proceeds — Computing indebtedness — Payment of bonds — Combination issues — Laws applicable to issuance — Payment from taxes or pledged […]
11-27-3.5. Tax levy to pay state refunding bonds — Sinking fund — Payments — Abatement of tax — Investment of fund — Interest rates on bonds — Security for bonds. (1) (a) Each year after issuance of refunding bonds by the State Bonding Commission until all outstanding refunding bonds are retired, there is levied a […]
11-27-4. Publication of resolution — Notice of bond issue — Contest of resolution or proceeding. (1) The governing body of any public body may provide for the publication of any resolution or other proceeding adopted by it under this chapter: (a) in a newspaper having general circulation in the public body; and (b) as required […]
11-27-5. Negotiability of bonds — Intent and construction of chapter — Budget for payment of bonds — Proceedings limited to those required by chapter — No election required — Application of chapter. (1) Refunding bonds shall have all the qualities of negotiable paper, shall be incontestable in the hands of bona fide purchasers or holders […]
11-27-6. Bonds and interest exempt from taxation except corporate franchise tax. All refunding bonds, and interest accruing on them, shall be exempt from all taxation in this state, except for the corporate franchise tax. Amended by Chapter 61, 1984 General Session
11-27-7. Chapter inapplicable to anticipation bonds and obligations. This chapter does not apply to bonds or obligations issued in anticipation of the collection of taxes where the entire issue matures not later than one year from the date of the issue. Amended by Chapter 142, 1987 General Session
11-27-8. Chapter controlling in conflict of laws. To the extent that provisions of this chapter shall be in conflict with any other law or laws, the provisions of this chapter shall be controlling. Enacted by Chapter 43, 1981 General Session
Effective 5/12/2015 11-27-9. Prerequisites to issuance of state general obligation refunding bonds. No general obligation refunding bonds of the state may be issued under this chapter, unless: (1) the tax provided in Section 11-27-3.5 is sufficient to pay annual interest and to pay the principal of the refunding bonds within 20 years from the final […]
