Utah Code Title 35A. Utah Workforce Services Code § 35A-8-408. Profit from projects prohibited--Criteria for determining rentals and payments

(a) an authority manage and operate the authority's housing projects in an efficient manner to enable each housing project to provide decent, safe, and sanitary dwelling accommodations for persons of medium and low income and fix the rentals or payments for these accommodations for persons of low income at low rates; and

(b) an authority may not be operated as a source of revenue to the city or county.

(a) pay, as they become due, the principal and interest on the bonds of the authority;

(b) create and maintain reserves required to assure the payment of principal and interest as it becomes due on its bonds;

(c) meet the cost of, and provide for, maintaining and operating the projects, including necessary reserves and the cost of any insurance, and the administrative expenses of the authority; and

(d) make payments in lieu of taxes and, after payment in full of all obligations for which federal annual contributions are pledged, make repayments of federal and local contributions as it determines are consistent with the maintenance of the low-rent character of projects.