Utah Statutes
§ 11-70-605 — Bonds exempt from taxes -- Fairpark district may purchase its own bonds.
Utah·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-70 Utah Fairpark Area Investment and Restoration District·Part 11-70-6 Fairpark District Bonds
(1)A bond issued by the fairpark district 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 fairpark district may purchase its own bonds at a price that its 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 fairpark district on its rents, fees, grants, properties, or revenues.
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Utah § 11-70-605 (Bonds exempt from taxes -- Fairpark district may purchase its own bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 419, 2024 General Session
Nearby Sections
15
§ 11-1-4
Sinking fund -- Investment.§ 11-1-6
Violation of act a misdemeanor.§ 11-10-2
Qualifications of licensee.§ 11-10-3
License fee.§ 11-13-101
Title.§ 11-13-102
Purpose of chapter.§ 11-13-103
Definitions.