Utah § 17D-2-506 Other entities not responsible for local building authority bonds or breach of mortgage and other obligations.

Utah Statutes

§ 17D-2-506 — Other entities not responsible for local building authority bonds or breach of mortgage and other obligations.

Utah § 17D-2-506

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-2-506 (Other entities not responsible for local building authority bonds or breach of mortgage and other obligations.) 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-2-506 (2026).

Text

(1)Nothing in this part may be construed to require:

(1)(a) the state or any political subdivision of the state to pay a bond issued under this part;

(1)(b) the state or, except the creating local entity, any political subdivision of the state to pay any rent or lease payment due to a local building authority under the terms of a lease agreement; or

(1)(c) the creating local entity to appropriate money to pay:

(1)(c)(i) principal of or interest on bonds issued by a local building authority; or

(1)(c)(ii) the lease payments under a lease agreement with the local building authority.

(2)A breach of a mortgage or a covenant or agreement in a mortgage may not impose a general obligation or liability upon or a charge against:

(2)(a) the creating local entity; or

(2)(b) the general credit or

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(1) Nothing in this part may be construed to require:

(1)(a) the state or any political subdivision of the state to pay a bond issued under this part;
(1)(b) the state or, except the creating local entity, any political subdivision of the state to pay any rent or lease payment due to a local building authority under the terms of a lease agreement; or
(1)(c) the creating local entity to appropriate money to pay:
(1)(c)(i) principal of or interest on bonds issued by a local building authority; or
(1)(c)(ii) the lease payments under a lease agreement with the local building authority.
(2) A breach of a mortgage or a covenant or agreement in a mortgage may not impose a general obligation or liability upon or a charge against:

(2)(a) the creating local entity; or
(2)(b) the general credit or taxing power of the state or any political subdivision of the state.