Utah § 63B-31-202 State Building Ownership Authority obligations for new state liquor stores.

Utah Statutes

§ 63B-31-202 — State Building Ownership Authority obligations for new state liquor stores.

Utah § 63B-31-202

Title 63BBonds

Ch. 63B-312021 Bonding and Financing Authorizations

Part 63B-31-22021 Revenue Bond Authorizations

This text of Utah § 63B-31-202 (State Building Ownership Authority obligations for new state liquor stores.) 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-31-202 (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 may enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $11,725,700 for a Salt Lake City market area liquor store in Sugarhouse, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any existing debt service reserve requirements;

(1)(b) the Department of Alcoholic Beverage Services use sales revenues as the primary revenue source for repayment of any obligation created under authority of this Subsection (1);

(1)(c) the Department of Alcoholic Beverage Services may re

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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 may enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $11,725,700 for a Salt Lake City market area liquor store in Sugarhouse, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any existing debt service reserve requirements;
(1)(b) the Department of Alcoholic Beverage Services use sales revenues as the primary revenue source for repayment of any obligation created under authority of this Subsection (1);
(1)(c) the Department of Alcoholic Beverage Services may request operation and maintenance funding from sales revenues; and
(1)(d) the Department of Alcoholic Beverage Services use up to $5,000,000 to repay the State Store Land Acquisition and Building Construction Fund under Section 32B-2-307.
(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 may enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $5,524,000 for a Salt Lake City area market liquor store in east Sandy, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any existing debt service reserve requirements;
(2)(b) the Department of Alcoholic Beverage Services use sales revenues as the primary revenue source for repayment of any obligation created under authority of this Subsection (2); and
(2)(c) the Department of Alcoholic Beverage Services may request operation and maintenance funding from sales revenues.