Utah § 35A-8-424 Defaults -- Conveyance of title to federal government.

Utah Statutes

§ 35A-8-424 — Defaults -- Conveyance of title to federal government.

Utah § 35A-8-424

Title 35AUtah Workforce Services Code

Ch. 35A-8Housing and Community Development Division

Part 35A-8-4Housing Authorities

This text of Utah § 35A-8-424 (Defaults -- Conveyance of title to federal government.) 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. § 35A-8-424 (2026).

Text

(1)In a contract with the federal government for annual contributions, the authority may obligate itself to convey to the federal government possession of or title to the project upon the occurrence of a substantial default, as defined in the contract, with respect to the covenants and conditions to which the authority is subject.

(2)This obligation is specifically enforceable and does not constitute a mortgage, notwithstanding any other laws.

(3)In case of conveyance, the federal government may complete, operate, manage, lease, convey, or otherwise deal with the project and funds in accordance with the terms of the contract if the contract by its terms requires the federal government, as soon as practicable after it is satisfied that all defaults have been cured and that the project wi

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(1) In a contract with the federal government for annual contributions, the authority may obligate itself to convey to the federal government possession of or title to the project upon the occurrence of a substantial default, as defined in the contract, with respect to the covenants and conditions to which the authority is subject.
(2) This obligation is specifically enforceable and does not constitute a mortgage, notwithstanding any other laws.
(3) In case of conveyance, the federal government may complete, operate, manage, lease, convey, or otherwise deal with the project and funds in accordance with the terms of the contract if the contract by its terms requires the federal government, as soon as practicable after it is satisfied that all defaults have been cured and that the project will be operated in accordance with the contract, to reconvey the project to the authority.