Utah § 63B-21-101 Revenue Bond Authorizations -- State Building Ownership Authority.

Utah Statutes

§ 63B-21-101 — Revenue Bond Authorizations -- State Building Ownership Authority.

Utah § 63B-21-101

Title 63BBonds

Ch. 63B-212012 Bonding and Financing Authorizations

Part 63B-21-12012 Revenue Bond Authorizations

This text of Utah § 63B-21-101 (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-21-101 (2026).

Text

The Legislature intends that:

(1)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 $1,900,000 for the acquisition of the Sevier County Courts Building in Richfield City, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;

(2)the Judicial Branch use existing lease budgets as the primary revenue source for repayment of any obligation created under authority of this section; and

(3)the Judicial Branch may not request additional state funds for operation and maintena

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The Legislature intends that:
(1) 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 $1,900,000 for the acquisition of the Sevier County Courts Building in Richfield City, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(2) the Judicial Branch use existing lease budgets as the primary revenue source for repayment of any obligation created under authority of this section; and
(3) the Judicial Branch may not request additional state funds for operation and maintenance costs.