Utah § 73-10-25.1 Credit enhancement and interest buy-down agreements.

Utah Statutes

§ 73-10-25.1 — Credit enhancement and interest buy-down agreements.

Utah § 73-10-25.1

Title 73Water and Irrigation

Ch. 73-10Board of Water Resources - Division of Water Resources

This text of Utah § 73-10-25.1 (Credit enhancement and interest buy-down agreements.) 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. § 73-10-25.1 (2026).

Text

(1)The Board of Water Resources may enter into credit enhancement agreements with political subdivisions containing terms and provisions that the board determines will reasonably improve the security for or marketability of water project obligations financed using the Water Resources Conservation and Development Fund created in Section 73-10-24. Credit enhancement agreements may include provisions for loans to political subdivisions to pay the costs of obtaining letters of credit or other forms of insurance or security to provide security for water project obligations.

(2)The Board of Water Resources may make loans or grants from the Water Resources Conservation and Development Fund to political subdivisions for interest buy-down agreements for water development projects.

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(1) The Board of Water Resources may enter into credit enhancement agreements with political subdivisions containing terms and provisions that the board determines will reasonably improve the security for or marketability of water project obligations financed using the Water Resources Conservation and Development Fund created in Section 73-10-24. Credit enhancement agreements may include provisions for loans to political subdivisions to pay the costs of obtaining letters of credit or other forms of insurance or security to provide security for water project obligations.
(2) The Board of Water Resources may make loans or grants from the Water Resources Conservation and Development Fund to political subdivisions for interest buy-down agreements for water development projects.