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(1) The State Board of Regents, on behalf of the University of Utah, may issue, sell, and deliver revenue bonds or other evidences of indebtedness of the University of Utah to borrow money on the credit of the income and revenues of the University of Utah, other than appropriations of the Legislature, to finance the partial cost of constructing, furnishing, and equipping a biology research building.
(2) The bonds or other evidences of indebtedness authorized by this section may not exceed $21,050,000 and shall be issued in accordance with Title 53B, Chapter 21, Revenue Bonds, under terms and conditions and in amounts that the board, by resolution, determines are reasonable and necessary.
Cite this article: FindLaw.com - Utah Code Title 53B. State System of Higher Education § 53B-22-112. University of Utah revenue bonds--Biology research building - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-53b-state-system-of-higher-education/ut-code-sect-53b-22-112/
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