Utah Statutes
§ 17B-1-1106 — Board of trustees required to fix rates to cover district expenses and bonds.
Utah·Title 17B Limited Purpose Local Government Entities - Special Districts·Ch. 17B-1 Provisions Applicable to All Special Districts·Part 17B-1-11 Special District Bonds
The board of trustees shall fix the rate or rates for services or commodities provided by the district that will, in conjunction with the proceeds of any maintenance and operation tax and other district revenues:
(1)pay the district's operating expenses;
(2)provide for repairs and depreciation of works owned or operated by the district;
(3)pay the interest on any bonds issued by the district; and
(4)provide, as much as practicable, a sinking or other fund to pay the principal of the bonds as they become due.
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Utah § 17B-1-1106 (Board of trustees required to fix rates to cover district expenses and bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 329, 2007 General Session
Nearby Sections
15
§ 17B-1-1001
Provisions applicable to property tax levy.§ 17B-1-1003
Trustee reporting requirement.§ 17B-1-102
Definitions.§ 17B-1-104
Property owner provisions.§ 17B-1-104.5
Groundwater right owner provisions -- Vote.§ 17B-1-105
Name of special district -- Name change.§ 17B-1-107
Recording a release of lien.§ 17B-1-110
Compliance with nepotism requirements.§ 17B-1-1102
General obligation bonds.§ 17B-1-1103
Levy to pay for general obligation bonds.