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Utah Code Title 63B. Bonds § 63B-27-103. Highway bonds debt limitation

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

(1) Notwithstanding Subsection 63B-27-101(1)(c), the commission may issue a general obligation bond authorized under Section 63B-27-101 if the issuance of the general obligation bond would result in the total current outstanding general obligation debt of the state exceeding 50% of the limitation described in the Utah Constitution, Article XIV, Section 1.

(2) This section supersedes any conflicting provisions of Utah law.

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Cite this article: FindLaw.com - Utah Code Title 63B. Bonds § 63B-27-103. Highway bonds debt limitation - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63b-bonds/ut-code-sect-63b-27-103/

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