Utah § 11-58-706 Bonds exempt from taxes -- Port authority may purchase its own bonds.

Utah Statutes

§ 11-58-706 — Bonds exempt from taxes -- Port authority may purchase its own bonds.

Utah § 11-58-706

Title 11Cities, Counties, and Local Taxing Units

Ch. 11-58Utah Inland Port Authority Act

Part 11-58-7Port Authority Bonds

This text of Utah § 11-58-706 (Bonds exempt from taxes -- Port authority may purchase its own bonds.) 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. § 11-58-706 (2026).

Text

(1)A bond issued by the authority under this part is issued for an essential public and governmental purpose and is, together with interest on the bond and income from it, exempt from all state taxes except the corporate franchise tax.

(2)The authority may purchase its own bonds at a price that its board determines.

(3)Nothing in this section may be construed to limit the right of an obligee to pursue a remedy for the enforcement of a pledge or lien given under this part by the authority on its rents, fees, grants, properties, or revenues.

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(1) A bond issued by the authority under this part is issued for an essential public and governmental purpose and is, together with interest on the bond and income from it, exempt from all state taxes except the corporate franchise tax.
(2) The authority may purchase its own bonds at a price that its board determines.
(3) Nothing in this section may be construed to limit the right of an obligee to pursue a remedy for the enforcement of a pledge or lien given under this part by the authority on its rents, fees, grants, properties, or revenues.