Utah § 63B-8-406 Constitutional debt limitation.

Utah Statutes

§ 63B-8-406 — Constitutional debt limitation.

Utah § 63B-8-406

Title 63BBonds

Ch. 63B-81999 Bonding

Part 63B-8-4Additional Capital Facilities General Obligation Bond

This text of Utah § 63B-8-406 (Constitutional debt limitation.) 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-8-406 (2026).

Text

(1)The commission may not issue bonds under this chapter in an amount that violates the limitation described in Utah Constitution Article XIV, Section 1.

(2)For purposes of applying the debt limitation contained in Utah Constitution Article XIV, Section 1, the value of the taxable property in Utah is considered to be 100% of the fair market value of the taxable property of the state, as computed from the last assessment for state purposes previous to the issuance of the bonds.

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(1) The commission may not issue bonds under this chapter in an amount that violates the limitation described in Utah Constitution Article XIV, Section 1.
(2) For purposes of applying the debt limitation contained in Utah Constitution Article XIV, Section 1, the value of the taxable property in Utah is considered to be 100% of the fair market value of the taxable property of the state, as computed from the last assessment for state purposes previous to the issuance of the bonds.