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·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-25 Utah Residential Rehabilitation Act

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.

Utah § 11-25-9 (Bonds payable solely from revenues -- Cities, towns, and counties not obligated.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.