Utah Statutes
§ 63B-9-101 — Higher education revenue bond authorizations.
Utah·Title 63B Bonds·Ch. 63B-9 2000 Bonding and Financing Authorizations·Part 63B-9-1 Revenue Bond and Other Capital Facility Authorizations
It is the intent of the Legislature that:
(1)the Board of Regents issue, sell, and deliver revenue bonds or other evidences of indebtedness of the Board of Regents to borrow money on the credit, revenues, and reserves of the Higher Education Student Loan Program to finance the cost of acquiring, constructing, furnishing, and equipping office space;
(2)funds within the Board of Regents budget that would otherwise be expended for rent be used as the primary revenue source for repayment of any obligation created under authority of this section;
(3)the Board of Regents may not request an increase in state appropriations for rent to be used for repayment of any obligation created under authority of this section;
(4)the Board of Regents may not request an increase, beyond that resulting from
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Legislative History
Enacted by Chapter 327, 2000 General Session
Nearby Sections
15
§ 63B-1-101
Definitions.§ 63B-1-201
Members -- Powers and duties -- Per diem.§ 63B-1-301
Title.§ 63B-1-302
Legislative findings.§ 63B-1-303
Definitions.§ 63B-1-305
Powers and duties of authority.§ 63B-1-309
Securing of obligations -- Provisions in mortgages given as security -- Procedure upon default.§ 63B-1-310
Proceeds from sale of obligations -- Use.§ 63B-1-311
Cost of acquiring or constructing facility.