Utah § 63B-32-102 State Building Ownership Authority obligations for new state liquor stores.

Utah Statutes

§ 63B-32-102 — State Building Ownership Authority obligations for new state liquor stores.

Utah § 63B-32-102

Title 63BBonds

Ch. 63B-322022 Bonding and Financing Authorizations

Part 63B-32-12022 Revenue Bond Authorizations

This text of Utah § 63B-32-102 (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-32-102 (2026).

Text

(1)The Legislature intends that:

(1)(a) the State Building Ownership Authority, under the authority of 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 $8,214,253 for a Summit County market area liquor store in Park City, 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 Control use sales revenues as the primary revenue source for repayment of any obligation created under authority of this Subsection (1); and

(1)(c) the Department of Alcoholic Beverage Control may request operat

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(1) The Legislature intends that:

(1)(a) the State Building Ownership Authority, under the authority of 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 $8,214,253 for a Summit County market area liquor store in Park City, 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 Control use sales revenues as the primary revenue source for repayment of any obligation created under authority of this Subsection (1); and
(1)(c) the Department of Alcoholic Beverage Control may request operation and maintenance funding from sales revenues.
(2) The Legislature intends that:

(2)(a) the State Building Ownership Authority, under the authority of 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 $7,455,342 for a Washington County area market liquor store in St. George, 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 Control 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 Control may request operation and maintenance funding from sales revenues.