Utah Statutes
§ 63B-3-204 — Manner of issuance -- Amounts, interest, and maturity.
(1)Bonds issued under this chapter may be authorized, sold, and issued at times and in a manner determined by the commission by resolution.
(2)Bonds may be issued in one or more series, in amounts, and shall bear dates, interest rates, including a variable rate, and maturity dates as the commission determines by resolution.
(3)A bond issued may not mature later than 20 years after the date of final passage of this chapter.
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Legislative History
Enacted by Chapter 300, 1994 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.