Utah Statutes
§ 63B-21-101 — Revenue Bond Authorizations -- State Building Ownership Authority.
Utah·Title 63B Bonds·Ch. 63B-21 2012 Bonding and Financing Authorizations·Part 63B-21-1 2012 Revenue Bond Authorizations
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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Utah § 63B-21-101 (Revenue Bond Authorizations -- State Building Ownership Authority.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 393, 2012 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.