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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 11-13-218.1, 2015

An interlocal entity may secure bonds with pledged revenues, taxes, grants, or other legally available funds.

Source excerpt

bondsrevenue pledgessecured bondssecurity intereststax financingtax revenue
Jurisdiction
United States — Utah
Status
In force
Official identity
Year 2015
Dates
Enacted 2015
More statute details
Dates
Enacted 2015
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01

Purpose and legislative effect

“An interlocal entity may secure bonds with pledged revenues, taxes, grants, or other legally available funds.”

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02

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  1. 01

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    Enacted 2015. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Subsection 11-13-218.1(1)(a)

The provision refers to revenues an interlocal entity derives from providing its services and operating its facilities and other properties.

Section 11-13-218.1(1)(a)

Subsection 11-13-218.1(2)

An interlocal entity’s assignment, pledge, or conveyance to secure bonds must be created and perfected under Section 11-14-501.

Section 11-13-218.1(2)

04

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In force source record

Source record from le.utah.gov · Enacted 2015

In force

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Official record

Source-indexed provision map

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Showing 7 of 7 provisions

Provision 7

Part 11-13-2

part 11-13-2 Public Agencies' Joint Exercise of Powers

§ 11-13-218.1Pledge of revenues to pay for bonds.Provision

Source excerpt

An interlocal entity may secure bonds with pledged revenues, taxes, grants, or other legally available funds.

Pledge of revenues to pay for bonds. In addition to any assignment, pledge, or conveyance made in accordance with Subsection 11-13-204(1)(a)(ii)(G) , bonds issued by an interlocal entity may be payable from and secured by the pledge of all or any specified part of: the revenues to be derived by the interlocal entity from providing the entity's services and from the operation of the entity's facilities and other properties; sales and use taxes, property taxes, and other taxes; federal, state, or local grants; or other funds legally available to the interlocal entity. An assignment, pledge, or conveyance made by an interlocal entity to secure bonds shall be created and perfected in accordance with, and have the effect provided in, Section 11-14-501 .
Section 11-13-218.1Verify source
§ 11-13-218.1(1)Subsection 11-13-218.1(1)Provision

Source excerpt

An interlocal entity may secure its bonds with pledges of specified revenues, taxes, grants, or other legally available funds, in addition to certain other financing arrangements.

In addition to any assignment, pledge, or conveyance made in accordance with Subsection 11-13-204(1)(a)(ii)(G) , bonds issued by an interlocal entity may be payable from and secured by the pledge of all or any specified part of: the revenues to be derived by the interlocal entity from providing the entity's services and from the operation of the entity's facilities and other properties; sales and use taxes, property taxes, and other taxes; federal, state, or local grants; or other funds legally available to the interlocal entity.
Section 11-13-218.1(1)Verify source
§ 11-13-218.1(1)(a)Subsection 11-13-218.1(1)(a)Provision

Source excerpt

The provision refers to revenues an interlocal entity derives from providing its services and operating its facilities and other properties.

the revenues to be derived by the interlocal entity from providing the entity's services and from the operation of the entity's facilities and other properties;
Section 11-13-218.1(1)(a)Verify source
§ 11-13-218.1(1)(b)Subsection 11-13-218.1(1)(b)Provision

Source excerpt

sales and use taxes, property taxes, and other taxes;

sales and use taxes, property taxes, and other taxes;
Section 11-13-218.1(1)(b)Verify source
§ 11-13-218.1(1)(c)Subsection 11-13-218.1(1)(c)Provision

Source excerpt

federal, state, or local grants; or

federal, state, or local grants; or
Section 11-13-218.1(1)(c)Verify source
§ 11-13-218.1(1)(d)Subsection 11-13-218.1(1)(d)Provision

Source excerpt

other funds legally available to the interlocal entity.

other funds legally available to the interlocal entity.
Section 11-13-218.1(1)(d)Verify source
§ 11-13-218.1(2)Subsection 11-13-218.1(2)Provision

Source excerpt

An interlocal entity’s assignment, pledge, or conveyance to secure bonds must be created and perfected under Section 11-14-501.

An assignment, pledge, or conveyance made by an interlocal entity to secure bonds shall be created and perfected in accordance with, and have the effect provided in, Section 11-14-501 .
Section 11-13-218.1(2)Verify source

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