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·Title 63B Bonds·Ch. 63B-32 2022 Bonding and Financing Authorizations·Part 63B-32-1 2022 Revenue Bond Authorizations

(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.

Utah § 63B-32-102 (State Building Ownership Authority obligations for new state liquor stores.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.