Utah § 17D-2-504 Local building authority bonds payable solely from lease payments.

Utah Statutes

§ 17D-2-504 — Local building authority bonds payable solely from lease payments.

Utah § 17D-2-504

Title 17DLimited Purpose Local Government Entities - Other Entities

Ch. 17D-2Local Building Authority Act

Part 17D-2-5Local Building Authority Bonds

This text of Utah § 17D-2-504 (Local building authority bonds payable solely from lease payments.) 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-2-504 (2026).

Text

(1)Except to the extent that they are secured as provided in Section 17D-2-505, bonds issued by a local building authority and interest on the bonds are payable solely from payments received under a lease agreement with the creating local entity with respect to the project that was financed with the bond proceeds.

(2)Each bond issued by a local building authority shall recite on its face that the bond is payable as provided in Subsection (1).

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(1) Except to the extent that they are secured as provided in Section 17D-2-505, bonds issued by a local building authority and interest on the bonds are payable solely from payments received under a lease agreement with the creating local entity with respect to the project that was financed with the bond proceeds.
(2) Each bond issued by a local building authority shall recite on its face that the bond is payable as provided in Subsection (1).