Utah § 11-25-9 Bonds payable solely from revenues -- Cities, towns, and counties not obligated.

Utah Statutes

§ 11-25-9 — Bonds payable solely from revenues -- Cities, towns, and counties not obligated.

Utah § 11-25-9

Title 11Cities, Counties, and Local Taxing Units

Ch. 11-25Utah Residential Rehabilitation Act

This text of Utah § 11-25-9 (Bonds payable solely from revenues -- Cities, towns, and counties not obligated.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 11-25-9 (2026).

Text

Revenues shall be the sole source of funds pledged by the agency for repayment of its bonds.  Bonds issued under the provisions of this part may not be deemed to constitute a debt or liability of the agency or a pledge of the faith and credit of the agency but shall be payable solely from revenues.  The issuance of bonds may not directly, indirectly, or contingently obligate a city, town or county, or a city or town and county which has designated its governing body as an agency to levy or pledge any form of taxation or to make any appropriation for payment of bonds issued by an agency.

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Revenues shall be the sole source of funds pledged by the agency for repayment of its bonds. Bonds issued under the provisions of this part may not be deemed to constitute a debt or liability of the agency or a pledge of the faith and credit of the agency but shall be payable solely from revenues. The issuance of bonds may not directly, indirectly, or contingently obligate a city, town or county, or a city or town and county which has designated its governing body as an agency to levy or pledge any form of taxation or to make any appropriation for payment of bonds issued by an agency.