Utah Statutes
§ 17C-1-505 — Authority to purchase agency bonds.
Utah·Title 17C Limited Purpose Local Government Entities - Community Reinvestment Agency Act·Ch. 17C-1 Agency Operations·Part 17C-1-5 Agency Bonds
(1)Any person, firm, corporation, association, political subdivision of the state, or other entity or public or private officer may purchase a bond issued by an agency under this part with funds owned or controlled by the purchaser.
(2)Nothing in this section may be construed to relieve a purchaser of an agency bond of any duty to exercise reasonable care in selecting securities.
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Legislative History
Amended by Chapter 350, 2016 General Session
Nearby Sections
15
§ 17C-1-1001
Definitions.§ 17C-1-1004
Plan hearing -- Implementation plan -- Use of an agency's property tax revenue -- Eminent domain.§ 17C-1-101
Title.§ 17C-1-102
Definitions.§ 17C-1-102.5
Project area created on or after May 10, 2016.§ 17C-1-103
Limitations on applicability of title -- Amendment of previously adopted project area plan.§ 17C-1-104
Actions not subject to land use laws.§ 17C-1-201.1
Title.§ 17C-1-201.5
Creation of agency -- Name change.§ 17C-1-202
Agency powers.§ 17C-1-203
Agency board -- Quorum.