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Utah Code Title 10. Utah Municipal Code § 10-2-420. Bonds not affected by boundary adjustments or annexations--Payment of property taxes

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) A boundary adjustment or annexation under this part may not jeopardize or endanger any general obligation or revenue bond.

(2) A bondholder may require the payment of property taxes from any area that:

(a) was included in the taxable value of the municipality or other governmental entity issuing the bond at the time the bond was issued; and

(b) is no longer within the boundaries of the municipality or other governmental entity issuing the bond due to the boundary adjustment or annexation.

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Cite this article: FindLaw.com - Utah Code Title 10. Utah Municipal Code § 10-2-420. Bonds not affected by boundary adjustments or annexations--Payment of property taxes - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-10-utah-municipal-code/ut-code-sect-10-2-420/

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