Utah Code Title 11. Cities, Counties, and Local Taxing Units § 11-42a-403. Refunding assessment bonds

(2)(a) Subject to Subsection (2)(b), the issuance of a refunding assessment bond is governed by Title 11, Chapter 27, Utah Refunding Bond Act.

(b) If there is a conflict between a provision of Title 11, Chapter 27, Utah Refunding Bond Act, and a provision of this part, the provision of this part governs.

(a) the same assessments; or

(b) the reduced assessments adopted by the governing body under Section 11-42a-404.

(a) is payable solely from the sources described in Subsection (3);

(b) matures no later than one year after the date of final maturity of the prior bonds;

(c) does not mature at a time or bear interest at a rate that will cause the local entity to be unable to pay the bond when due from the sources listed in Subsection (3);

(d) bears interest as the governing body determines and subject to the provisions relating to interest in Section 11-42a-401; and

(e) pays one or more issues of the issuing local entity's prior bonds.