Utah Code Title 11. Cities, Counties, and Local Taxing Units § 11-42a-205. Installment payment of assessments

(a) in accordance with the resolution or ordinance; and

(b) over a period not to exceed 30 years from the effective date of the resolution or ordinance.

(2)(a) Each governing body that adopts an energy assessment resolution or ordinance that provides for the assessment to be paid in installments shall ensure that the resolution or ordinance provides that the unpaid balance of the assessment bears interest at a fixed rate, a variable rate, or a combination of fixed and variable rates, as determined by the governing body, from the effective date of the resolution or ordinance or another date that the resolution or ordinance specifies.

(b) Each governing body that adopts an energy assessment resolution or ordinance that provides for the unpaid balance of the assessment to bear interest at a variable rate shall ensure that the resolution or ordinance specifies:

(a) interest on energy assessment bonds;

(b) ongoing costs that the local entity incurs for administration of the energy assessment area;

(c) a trustee's fees and expenses; and

(d) any costs that the local entity incurs with respect to:

(5)(a) At any time, a property owner may prepay some or all of the assessment levied against the owner's property.

(b) A local entity may require that a prepayment of an installment include: