Utah Statutes
§ 63B-15-202 — Revenue bond authorizations -- Board of Regents.
Utah·Title 63B Bonds·Ch. 63B-15 2006 Financing Authorizations·Part 63B-15-2 2006 Revenue Bond Authorizations
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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Utah § 63B-15-202 (Revenue bond authorizations -- Board of Regents.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 169, 2006 General Session
Nearby Sections
15
§ 63B-1-101
Definitions.§ 63B-1-201
Members -- Powers and duties -- Per diem.§ 63B-1-301
Title.§ 63B-1-302
Legislative findings.§ 63B-1-303
Definitions.§ 63B-1-305
Powers and duties of authority.§ 63B-1-309
Securing of obligations -- Provisions in mortgages given as security -- Procedure upon default.§ 63B-1-310
Proceeds from sale of obligations -- Use.§ 63B-1-311
Cost of acquiring or constructing facility.