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6,137 statutes · page 41 of 307
United States — Utah legislation
20 statutes shown from 6,137 source-backed records
Local political subdivisions may pledge certain facility revenues, fees, and charges for general obligation bonds, and governing bodies may issue bonds backed solely by revenues from extensions or improvements to revenue-producing facilities.
Revenue bonds payable out of excise tax revenues. To the extent constitutionally permissible, a city, town, or county may: issue bonds payable solely from a special fund into which are to be deposited: excise taxes levied and collected by
Special service district bonds secured by federal mineral lease payments -- Use of bond proceeds -- Bond resolution -- Nonimpairment of appropriation formula -- Issuance of bonds. Special service districts may: issue bonds payable, in
Bonds issued under this chapter may be refunded under the Utah Refunding Bond Act, but a local political subdivision generally may not call outstanding bonds for redemption to refund them or pay them early unless the bonds specifically reserved that right and the redemption conditions are strictly followed.
The section requires local political subdivisions to levy and collect ad valorem taxes sufficient to pay general obligation bond principal and interest, and it allows a local school board to use leftover tax revenue for technology programs after bond payments are made.
A governing body may issue bond anticipation notes by resolution if it finds doing so advisable and in the subdivision’s interests.
Bonds issued by local political subdivisions before May 1, 2006 are validated and confirmed, except bonds whose legality was being contested on that date.
A local political subdivision may issue negotiable notes or bonds to meet current expenses or other spendable purposes, if its governing body authorizes it by resolution.
The section validates and confirms certain tax anticipation obligations issued by local political subdivisions before May 1, 2006, except those whose legality was being contested on that date.
Bonds issued under this chapter have negotiable-paper qualities, are protected from certain challenges, and the chapter provides an alternative bond-issuance method for local political subdivisions.
Publication of notice, resolution, or other proceeding -- Contest. The governing body of any local political subdivision may provide for the publication of any resolution or other proceeding adopted under this chapter: for the local
Bonds as legal investments -- Use as security for the faithful performance of acts. All bonds issued under this chapter or other applicable law shall be legal investments for: all trust funds, including those under the jurisdiction of the
A local political subdivision must give public notice and hold a public hearing before issuing bonds, subject to timing and content rules.
This chapter is called the Local Government Bonding Act.
This chapter does not apply to certain Utah bonds, except as provided in Subsection (2).
Conflict of laws. To the extent that any one or more provisions of this chapter shall be in conflict with any other law or laws, the provisions of this chapter shall be controlling.
Severability clause. If any one or more sentences, clauses, phrases, provisions or sections of this chapter or the application thereof to any set of circumstances shall be held by final judgment of any court of competent jurisdiction to be
Bonds issued by local political subdivisions before May 1, 2006 are validated and treated as legally binding, unless their legality was already being contested on that date.
Several listed sections apply to bond elections held by local political subdivisions and, except as otherwise provided in Section 11-14-402, by other taxing districts or governmental entities.
This section says government bond pledges can create immediate, perfected liens without filing, and certain ad valorem tax revenues must be used only to pay the bonds.
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