Utah § 11-8-3 Department of Environmental Quality to negotiate loans for sewage facilities.

Utah Statutes

§ 11-8-3 — Department of Environmental Quality to negotiate loans for sewage facilities.

Utah·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-8 Sewage and Culinary Water Systems

(1)The Department of Environmental Quality may negotiate loans from the Retirement Systems Fund, State Land Principal Fund, or any state fiduciary fund which has sums available for loaning, as these funds are defined in Title 51, Chapter 5, Funds Consolidation Act, not to exceed $1,000,000 in any fiscal year for the purposes of providing the funding for the loans provided for in Section 11-8-2.

(2)The terms of any borrowing and repayment shall be negotiated between the borrower and the lender consistent with the legal duties of the lender.

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(1) The Department of Environmental Quality may negotiate loans from the Retirement Systems Fund, State Land Principal Fund, or any state fiduciary fund which has sums available for loaning, as these funds are defined in Title 51, Chapter 5, Funds Consolidation Act, not to exceed $1,000,000 in any fiscal year for the purposes of providing the funding for the loans provided for in Section 11-8-2.
(2) The terms of any borrowing and repayment shall be negotiated between the borrower and the lender consistent with the legal duties of the lender.

Utah § 11-8-3 (Department of Environmental Quality to negotiate loans for sewage facilities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.