Utah § 63B-7-503 Highway revenue bond authorization.

Utah Statutes

§ 63B-7-503 — Highway revenue bond authorization.

Utah § 63B-7-503

Title 63BBonds

Ch. 63B-71998 Bonding

Part 63B-7-5Revenue Bond and Other Capital Facilities Authorizations

This text of Utah § 63B-7-503 (Highway revenue bond authorization.) 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-7-503 (2026).

Text

It is the intent of the Legislature that:

(1)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 to provide up to $10,000,000 for the acquisition of real property or any interests in real property for state, county, or municipal transportation corridors as provided in Section 72-2-117; and

(2)revenues of the Marda Dillree Corridor Preservation Fund be used as the primary revenue source for the repayment of any obligation created under authority of this section.

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It is the intent of the Legislature that:
(1) 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 to provide up to $10,000,000 for the acquisition of real property or any interests in real property for state, county, or municipal transportation corridors as provided in Section 72-2-117; and
(2) revenues of the Marda Dillree Corridor Preservation Fund be used as the primary revenue source for the repayment of any obligation created under authority of this section.