Utah § 63B-18-201 Revenue bond authorizations -- State Building Ownership Authority.

Utah Statutes

§ 63B-18-201 — Revenue bond authorizations -- State Building Ownership Authority.

Utah § 63B-18-201

Title 63BBonds

Ch. 63B-182009 Bonding and Financing Authorizations

Part 63B-18-22009 Revenue Bond Authorizations

This text of Utah § 63B-18-201 (Revenue bond authorizations -- State Building Ownership Authority.) 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-18-201 (2026).

Text

(1)The Legislature intends that:

(1)(a) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $3,800,000 for the acquisition of property in the Salt Lake City, Utah area on which to construct a Department of Alcoholic Beverage Services warehouse expansion, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements; and

(1)(b) the Department of Alcoholic Beverage Services use increased sales revenues as the primary revenue source for repayment of any obligation created under a

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(1) The Legislature intends that:

(1)(a) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $3,800,000 for the acquisition of property in the Salt Lake City, Utah area on which to construct a Department of Alcoholic Beverage Services warehouse expansion, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements; and
(1)(b) the Department of Alcoholic Beverage Services use increased sales revenues as the primary revenue source for repayment of any obligation created under authority of this section.
(2) The Legislature intends that:

(2)(a) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $19,904,000 for the construction of a warehouse expansion for the Department of Alcoholic Beverage Services, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(2)(b) the Department of Alcoholic Beverage Services use increased sales revenues as the primary revenue source for repayment of any obligation created under authority of this section; and
(2)(c) the Department of Alcoholic Beverage Services may request operation and maintenance funding from sales revenues.