Utah Statutes
§ 35A-8-424 — Defaults -- Conveyance of title to federal government.
Utah·Title 35A Utah Workforce Services Code·Ch. 35A-8 Housing and Community Development Division·Part 35A-8-4 Housing Authorities
(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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Utah § 35A-8-424 (Defaults -- Conveyance of title to federal government.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Renumbered and Amended by Chapter 212, 2012 General Session
Nearby Sections
15
§ 35A-1-101
Title.§ 35A-1-102
Definitions.§ 35A-1-104
Department authority.§ 35A-1-104.1
Background checks for employees.§ 35A-1-105
Department budget -- Reports from divisions.§ 35A-1-106
Fees.§ 35A-1-109
Annual report -- Content -- Format.§ 35A-1-111
Certification for adoption tax credit.