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6,137 statutes · page 44 of 307
United States — Utah legislation
20 statutes shown from 6,137 source-backed records
The agency may issue bonds to refund outstanding bonds, pay related redemption costs and premiums, and cover some residential rehabilitation costs. It must invest certain escrowed or designated proceeds under the State Money Management Act and apply investment earnings to the refunded bonds; remaining balances may late
Residential rehabilitation bonds are treated as legal investments for specified funds, institutions, fiduciaries, and for certain lawful deposits.
The agency may provide financing to participating parties for residential rehabilitation under a comprehensive financing program.
The agency may make residential rehabilitation loan agreements and set related rates, fees, and charges.
Legislative findings -- Liberal construction. The Legislature finds and declares that it is necessary for the welfare of the state and its inhabitants that community reinvestment agencies be authorized within cities, towns or counties, or
Money received under this part must be treated as trust funds and used only as provided here. Any bank or trust company holding the money must act as trustee and apply it for the purposes stated, subject to the bond resolution.
Act deemed supplemental to other laws -- Compliance in issuing bonds sufficient. This act shall be deemed to provide a complete, additional, and alternative method for doing the things authorized thereby, and shall be regarded as
This section defines key terms used in the chapter and limits eligibility for participating parties by excluding elective officers of the state and its political subdivisions.
An agency may decide where and what kind of residential rehabilitation is financed, and may lend financial assistance to participating parts for that purpose.
An agency may issue negotiable bonds or notes to finance residential rehabilitation and to fund or refund those bonds or notes.
The agency may set and revise financing fees, charges, and interest rates for residential rehabilitation, and the loan becomes due on sale or transfer of the property unless hardship-based assignment is allowed.
The agency may hire and pay for certain services and advisers when it judges them necessary for residential rehabilitation financing or for issuing and selling its bonds or bond anticipation notes.
The agency may do things necessary or convenient to carry out this act’s purposes.
An agency’s bonds must be repaid only from revenues, and the bonds do not make the agency’s debt or faith and credit liable.
Definitions -- Ceiling on local charges based on gross revenue of public service provider. As used in this part: "Local charge" means one or more of the following charges paid by a public service provider to a county or municipality: a
A municipality is exempt from the taxation limit if a majority of the municipality’s voters approve it in a municipal election.
A municipality may not impose a transportation utility fee on a legal subdivision.
Defines key terms and bars a local political subdivision from imposing a tax, fee, or charge on car sharing transaction gross proceeds or gross income unless the same charge is also imposed on comparable motor-vehicle rental transactions without a driver.
Short title -- Recital of authority required on face of bonds. This chapter shall be known and may be cited as the "Utah Refunding Bond Act." All bonds issued under the authority provided for in this chapter shall contain on their face a
Legal investment status of refunding bonds. Refunding bonds issued under this chapter are legal investments for all state trust funds, insurance companies, banks, trust companies, and the state school fund, and may be used as collateral to
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