Utah § 11-70-604 Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability.

Utah Statutes

§ 11-70-604 — Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability.

Utah § 11-70-604

Title 11Cities, Counties, and Local Taxing Units

Ch. 11-70Utah Fairpark Area Investment and Restoration District

Part 11-70-6Fairpark District Bonds

This text of Utah § 11-70-604 (Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability.) 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. § 11-70-604 (2026).

Text

(1)A member of the board or other person executing a fairpark district bond is not liable personally on the bond.

(2)(2)(a) A bond issued by the fairpark district is not a general obligation or liability of the state or any of its political subdivisions and does not constitute a charge against their general credit or taxing powers.

(2)(b) A bond issued by the fairpark district is not payable out of any funds or properties other than those of the fairpark district.

(2)(c) The state and its political subdivisions are not and may not be held liable on a bond issued by the fairpark district.

(2)(d) A bond issued by the fairpark district does not constitute indebtedness within the meaning of any constitutional or statutory debt limitation.

(3)A bond issued by the fairpark district under this

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(1) A member of the board or other person executing a fairpark district bond is not liable personally on the bond.
(2) (2)(a) A bond issued by the fairpark district is not a general obligation or liability of the state or any of its political subdivisions and does not constitute a charge against their general credit or taxing powers.
(2)(b) A bond issued by the fairpark district is not payable out of any funds or properties other than those of the fairpark district.
(2)(c) The state and its political subdivisions are not and may not be held liable on a bond issued by the fairpark district.
(2)(d) A bond issued by the fairpark district does not constitute indebtedness within the meaning of any constitutional or statutory debt limitation.
(3) A bond issued by the fairpark district under this part is fully negotiable.