Utah § 63B-1-311 Cost of acquiring or constructing facility.

Utah Statutes

§ 63B-1-311 — Cost of acquiring or constructing facility.

Utah § 63B-1-311

Title 63BBonds

Ch. 63B-1General Provisions

Part 63B-1-3State Building Ownership Authority Act

This text of Utah § 63B-1-311 (Cost of acquiring or constructing facility.) 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. § 63B-1-311 (2026).

Text

The cost of acquiring or constructing any facility shall be considered to include the following:

(1)the actual cost of acquiring or improving real estate;

(2)the actual cost of enlarging, constructing, reconstructing, improving, replacing, restoring, renovating, maintaining, equipping, or furnishing all or any part of a facility, including architects' or engineers' fees; and

(3)all expenses connected with the authorization, sale, and issuance of the obligations to finance the acquisition or construction, including:

(3)(a) fees for outside attorneys or accountants whose opinions are required to secure the issuance of those obligations;

(3)(b) financial advisors' fees and commissions;

(3)(c) printing costs;

(3)(d) those amounts that the authority considers necessary to establish bond res

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The cost of acquiring or constructing any facility shall be considered to include the following:
(1) the actual cost of acquiring or improving real estate;
(2) the actual cost of enlarging, constructing, reconstructing, improving, replacing, restoring, renovating, maintaining, equipping, or furnishing all or any part of a facility, including architects' or engineers' fees; and
(3) all expenses connected with the authorization, sale, and issuance of the obligations to finance the acquisition or construction, including:

(3)(a) fees for outside attorneys or accountants whose opinions are required to secure the issuance of those obligations;
(3)(b) financial advisors' fees and commissions;
(3)(c) printing costs;
(3)(d) those amounts that the authority considers necessary to establish bond reserves and maintenance, repair, replacement, and contingency funds and accounts; and
(3)(e) the interest on these obligations for a reasonable time before, during, and for a reasonable period of time after, completion of the acquisition or construction.