Utah Code Title 53B. State System of Higher Education § 53B-22-105. Utah Tech University revenue bonds--Student center building

(1) The Utah Board of Higher Education, formerly the Board of Regents, on behalf of Utah Tech University, may issue, sell, and deliver revenue bonds or other evidences of indebtedness of Utah Tech University to borrow money on the credit of the income and revenues of Utah Tech University, other than appropriations of the Legislature, to finance the partial cost of constructing, furnishing, and equipping a student center building.

(2) The bonds or other evidences of indebtedness authorized by this section may not exceed $3,100,000 and shall be issued in accordance with Title 53B, Chapter 21, Revenue Bonds, under such terms and conditions and in such amounts as the board, by resolution, determines are reasonable and necessary.