Utah § 17D-2-103 Status and authority of a local building authority -- Registration as a limited purpose entity.

Utah Statutes

§ 17D-2-103 — Status and authority of a local building authority -- Registration as a limited purpose entity.

Utah § 17D-2-103

Title 17DLimited Purpose Local Government Entities - Other Entities

Ch. 17D-2Local Building Authority Act

Part 17D-2-1General Provisions

This text of Utah § 17D-2-103 (Status and authority of a local building authority -- Registration as a limited purpose entity.) 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. § 17D-2-103 (2026).

Text

(1)A local building authority:

(1)(a) is a public entity and an instrumentality of the state, created by a local entity solely for the purpose of constructing, acquiring, improving, or extending, and financing the costs of, one or more projects on behalf of the local entity;

(1)(b) shall be known as the "Local Building Authority of (name of the creating local entity)"; and

(1)(c) may:

(1)(c)(i) as provided in this chapter, construct, acquire, improve, or extend, and finance the costs of, one or more projects on behalf of the creating local entity, in order to accomplish the public purposes for which the creating local entity exists; and

(1)(c)(ii) as provided in Part 5, Local Building Authority Bonds, issue and sell its bonds for the purpose of paying the costs of constructing, acquiring

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(1) A local building authority:

(1)(a) is a public entity and an instrumentality of the state, created by a local entity solely for the purpose of constructing, acquiring, improving, or extending, and financing the costs of, one or more projects on behalf of the local entity;
(1)(b) shall be known as the "Local Building Authority of (name of the creating local entity)"; and
(1)(c) may:
(1)(c)(i) as provided in this chapter, construct, acquire, improve, or extend, and finance the costs of, one or more projects on behalf of the creating local entity, in order to accomplish the public purposes for which the creating local entity exists; and
(1)(c)(ii) as provided in Part 5, Local Building Authority Bonds, issue and sell its bonds for the purpose of paying the costs of constructing, acquiring, improving, or extending a project.
(2) (2)(a) Each local building authority shall register and maintain the local building authority's registration as a limited purpose entity, in accordance with Section 67-1a-15.
(2)(b) A local building authority that fails to comply with Subsection (2)(a) or Section 67-1a-15 is subject to enforcement by the state auditor, in accordance with Section 67-3-1.