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Utah Code Title 53G. Public Education System--Local Administration § 53G-5-604. Limited obligations

Current as of January 01, 2025 | Updated by Findlaw Staff

Except as provided in Section 53G-5-607, 53G-5-608, or 53G-5-609, bonds, notes, and other obligations issued by the authority:

(1) do not constitute a debt, moral obligation, or liability of the state, or of any county, city, town, school district, or any other political subdivision of the state;

(2) do not constitute the loan of credit of the state or of any county, city, town, school district, or any other political subdivision of the state; and

(3) may not be paid from funds other than loan payments or lease revenues received from a charter school or other funds pledged by a charter school.

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Cite this article: FindLaw.com - Utah Code Title 53G. Public Education System--Local Administration § 53G-5-604. Limited obligations - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-53g-public-education-system-local-administration/ut-code-sect-53g-5-604/

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