Utah Statutes
§ 63H-8-402 — State pledge to holders of notes or bonds.
Utah·Title 63H Independent State Entities·Ch. 63H-8 Utah Housing Corporation Act·Part 63H-8-4 Corporation Assets and Obligations
(1)The state pledges and agrees with the holders of notes or bonds issued under this chapter that the state will not limit or alter the rights hereby vested in the corporation to fulfill the terms of agreements made with the holders of the notes or bonds or in any way impair the rights and remedies of the holders until the notes and bonds, together with their interest, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of the holders, are fully met and discharged.
(2)The corporation may include this pledge and agreement of the state in any agreement with the holders of the notes or bonds.
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Legislative History
Renumbered and Amended by Chapter 226, 2015 General Session
Nearby Sections
15
§ 63H-1-101
Title.§ 63H-1-102
Definitions.§ 63H-1-103
Severability.§ 63H-1-202
Applicability of other law.§ 63H-1-204
MIDA energy tax.§ 63H-1-205
MIDA accommodations tax.§ 63H-1-208
Former rail line.§ 63H-1-209
Immunity from contaminated property claims.§ 63H-1-301
Authority board -- Delegation of power.§ 63H-1-302
Number of board members -- Appointment.