Utah Statutes
§ 17C-1-508 — Bonds exempt from taxes -- Agency may purchase an agency's own 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)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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Utah § 17C-1-508 (Bonds exempt from taxes -- Agency may purchase an agency's own bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.