Utah Statutes
§ 63B-27-103 — Highway bonds debt limitation.
Utah·Title 63B Bonds·Ch. 63B-27 2017 Bonding and Financing Authorizations·Part 63B-27-1 2017 Highway General Obligation Bonds
(1)Notwithstanding Subsection 63B-27-101(1)(c), the commission may issue a general obligation bond authorized under Section 63B-27-101 if the issuance of the general obligation bond would result in the total current outstanding general obligation debt of the state exceeding 50% of the limitation described in the Utah Constitution, Article XIV, Section 1.
(2)This section supersedes any conflicting provisions of Utah law.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 63B-27-103 (Highway bonds debt limitation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 2, 2020 Special Session 3
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.