Utah Statutes

§ 53G-5-604 — Limited obligations.

Utah·Title 53G Public Education System -- Local Administration·Ch. 53G-5 Charter Schools·Part 53G-5-6 Charter School Credit Enhancement Program

Except as provided in Section 53G-5-607, 53G-5-608, or 53G-5-609, bonds, notes, and other obligations issued by the authority:

(1)do not constitute a debt, moral obligation, or liability of the state, or of any county, city, town, school district, or any other political subdivision of the state;
(2)do not constitute the loan of credit of the state or of any county, city, town, school district, or any other political subdivision of the state; and
(3)may not be paid from funds other than loan payments or lease revenues received from a charter school or other funds pledged by a charter school.

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Legislative History

Renumbered and Amended by Chapter 3, 2018 General Session

Nearby Sections

15
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