Utah § 11-59-606 Bonds exempt from taxes -- Authority may purchase its own bonds.

Utah Statutes

§ 11-59-606 — Bonds exempt from taxes -- Authority may purchase its own bonds.

Utah § 11-59-606

Title 11Cities, Counties, and Local Taxing Units

Ch. 11-59Point of the Mountain State Land Authority Act

Part 11-59-6Authority Bonds

This text of Utah § 11-59-606 (Bonds exempt from taxes -- 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. § 11-59-606 (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 the authority's own bonds at a price that the board determines.

(3)Nothing in this section limits 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 the authority's own bonds at a price that the board determines.
(3) Nothing in this section limits 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.