Utah § 63B-15-202 Revenue bond authorizations -- Board of Regents.

Utah Statutes

§ 63B-15-202 — Revenue bond authorizations -- Board of Regents.

Utah § 63B-15-202

Title 63BBonds

Ch. 63B-152006 Financing Authorizations

Part 63B-15-22006 Revenue Bond Authorizations

This text of Utah § 63B-15-202 (Revenue bond authorizations -- Board of Regents.) 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-15-202 (2026).

Text

It is the intent of the Legislature that:

(1)the Board of Regents, on behalf of Dixie State College, may issue, sell, and deliver revenue bonds or other evidences of indebtedness of Dixie State College to borrow money on the credit, revenues, and reserves of Dixie State College, other than appropriations of the Legislature, to finance the cost of acquiring the Abby Apartment complex;

(2)housing rental fees be used as the primary revenue source for repayment of any obligation created under authority of this section;

(3)the bonds or other evidences of indebtedness authorized by this section may provide up to $1,275,000, together with other amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements; and

(4)the college may not reque

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It is the intent of the Legislature that:
(1) the Board of Regents, on behalf of Dixie State College, may issue, sell, and deliver revenue bonds or other evidences of indebtedness of Dixie State College to borrow money on the credit, revenues, and reserves of Dixie State College, other than appropriations of the Legislature, to finance the cost of acquiring the Abby Apartment complex;
(2) housing rental fees be used as the primary revenue source for repayment of any obligation created under authority of this section;
(3) the bonds or other evidences of indebtedness authorized by this section may provide up to $1,275,000, together with other amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements; and
(4) the college may not request state funds for operations and maintenance.