Utah § 63B-6-202 Maximum amount -- Projects authorized.

Utah Statutes

§ 63B-6-202 — Maximum amount -- Projects authorized.

Utah § 63B-6-202

Title 63BBonds

Ch. 63B-61997 Bonding

Part 63B-6-21997 Highway General Obligation Bond Authorization

This text of Utah § 63B-6-202 (Maximum amount -- Projects authorized.) 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-6-202 (2026).

Text

(1)The total amount of bonds issued under this part may not exceed $600,000,000.

(2)(2)(a) Proceeds from the issuance of bonds shall be provided to the Department of Transportation to provide funds to pay all or part of the costs of state highway construction projects.

(2)(b) These costs may include the cost of acquiring land, interests in land, easements and rights-of-way, improving sites, and making all improvements necessary, incidental, or convenient to the facilities, interest estimated to accrue on these bonds during the period to be covered by construction of the projects plus a period of six months after the end of the construction period, interest estimated to accrue on any bond anticipation notes issued under the authority of Chapter 6, Part 3, 1997 Highway Bond Anticipation No

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(1) The total amount of bonds issued under this part may not exceed $600,000,000.
(2) (2)(a) Proceeds from the issuance of bonds shall be provided to the Department of Transportation to provide funds to pay all or part of the costs of state highway construction projects.
(2)(b) These costs may include the cost of acquiring land, interests in land, easements and rights-of-way, improving sites, and making all improvements necessary, incidental, or convenient to the facilities, interest estimated to accrue on these bonds during the period to be covered by construction of the projects plus a period of six months after the end of the construction period, interest estimated to accrue on any bond anticipation notes issued under the authority of Chapter 6, Part 3, 1997 Highway Bond Anticipation Note Authorization, and all related engineering, architectural, and legal fees.
(3) If, after completion of the projects authorized under Subsection (2)(a) and payment of the costs of issuing and selling the bonds under Section 63B-6-203, any bond proceeds remain unexpended, the Department of Transportation may use those unexpended proceeds to pay all or part of the costs of construction projects approved by the Transportation Commission.
(4) The commission, may, by resolution, make any statement of intent relating to a reimbursement that is necessary or desirable to comply with federal tax law.
(5) The Department of Transportation may enter into agreements related to that project before the receipt of proceeds of bonds issued under this chapter.