Utah Code Title 63B. Bonds § 63B-1-311. Cost of acquiring or constructing facility

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

The cost of acquiring or constructing any facility shall be considered to include the following:

(1) the actual cost of acquiring or improving real estate;

(2) the actual cost of enlarging, constructing, reconstructing, improving, replacing, restoring, renovating, maintaining, equipping, or furnishing all or any part of a facility, including architects' or engineers' fees; and

(3) all expenses connected with the authorization, sale, and issuance of the obligations to finance the acquisition or construction, including:

(a) fees for outside attorneys or accountants whose opinions are required to secure the issuance of those obligations;

(b) financial advisors' fees and commissions;

(d) those amounts that the authority considers necessary to establish bond reserves and maintenance, repair, replacement, and contingency funds and accounts; and

(e) the interest on these obligations for a reasonable time before, during, and for a reasonable period of time after, completion of the acquisition or construction.

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Cite this article: FindLaw.com - Utah Code Title 63B. Bonds § 63B-1-311. Cost of acquiring or constructing facility - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63b-bonds/ut-code-sect-63b-1-311/

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