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Utah Code Title 17D. Limited Purpose Local Government Entities--Other Entities § 17D-2-501. Provisions applicable to issuance of local building authority bonds

Current as of May 05, 2022 | Updated by FindLaw Staff

(1) Except as otherwise provided in this chapter:

(a) each local building authority that issues bonds shall:

(i) issue them as provided in Title 11, Chapter 14, Local Government Bonding Act, except Section 11-14-306; and

(ii) receive the benefits of Title 11, Chapter 30, Utah Bond Validation Act;

(b) bonds issued by a local building authority are governed by and subject to Title 11, Chapter 14, Local Government Bonding Act, except Sections 11-14-306 and 11-14-403; and

(c) each local building authority that issues refunding bonds shall issue them as provided in Title 11, Chapter 27, Utah Refunding Bond Act.

(2) A local building authority that issues a lease revenue bond on or after May 1, 2024 shall comply with the same requirements and is subject to the same limitations under Subsection 11-14-103(6) that apply to the issuance of a lease revenue bond by a local political subdivision, as defined in Section 11-14-102.

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Cite this article: FindLaw.com - Utah Code Title 17D. Limited Purpose Local Government Entities--Other Entities § 17D-2-501. Provisions applicable to issuance of local building authority bonds - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-17d-limited-purpose-local-government-entities-other-entities/ut-code-sect-17d-2-501/

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