Utah § 17C-1-508 Bonds exempt from taxes -- Agency may purchase an agency's own bonds.

Utah Statutes

§ 17C-1-508 — Bonds exempt from taxes -- Agency may purchase an agency's own bonds.

Utah § 17C-1-508

Title 17CLimited Purpose Local Government Entities - Community Reinvestment Agency Act

Ch. 17C-1Agency Operations

Part 17C-1-5Agency Bonds

This text of Utah § 17C-1-508 (Bonds exempt from taxes -- Agency may purchase an agency's own bonds.) 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. § 17C-1-508 (2026).

Text

(1)A bond issued by an agency 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)An agency may purchase the agency's own bonds at a price that the board determines.

(3)Nothing in this section may be construed to limit the right of an obligee to pursue a remedy for the enforcement of a pledge or lien given under this part by an agency on the agency's rents, fees, grants, properties, or revenues.

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(1) A bond issued by an agency 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) An agency may purchase the agency's own bonds at a price that the board determines.
(3) Nothing in this section may be construed to limit the right of an obligee to pursue a remedy for the enforcement of a pledge or lien given under this part by an agency on the agency's rents, fees, grants, properties, or revenues.