United States — Utah Act or statute

United States — Utah legislation

Utah Code § 11-13-218

Public agencies and interlocal entities may issue bonds for specified facility and infrastructure purposes, and a governing board may delegate bond-term approval authority by resolution.

Source excerpt

assessment area financingbond financingbond issuanceclean energycommercial paperdelegation of authorityelectric vehicle charging infrastructureenergy efficiencyenergy infrastructurelocal governmentnegotiable instrumentsproject financing

Jurisdiction: United States — Utah
Status: In force
Dates: Legal dates not recorded

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“Public agencies and interlocal entities may issue bonds for specified facility and infrastructure purposes, and a governing board may delegate bond-term approval authority by resolution.”

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Authority of public agencies or interlocal entities to issue bonds -- Applicable provisions.

Public agencies and interlocal entities may issue bonds for specified facility and infrastructure purposes, and a governing board may delegate bond-term approval authority by resolution.

Section 11-13-218

Subsection 11-13-218(2)(a)

An interlocal entity may issue bonds or notes for specified financing purposes, subject to a resolution, trust indenture, or other security instrument.

Section 11-13-218(2)(a)

Subsection 11-13-218(3)

The governing board may, by resolution, delegate authority to approve final bond or note terms and to approve and execute related documents.

Section 11-13-218(3)

Subsection 11-13-218(5)(a)

An interlocal entity shall issue bonds in accordance with, as applicable: Chapter 14, Local Government Bonding Act; Chapter 27, Utah Refunding Bond Act; this chapter; or any other provision of state law that authorizes issuance of bonds by

Section 11-13-218(5)(a)

Subsection 11-13-218(5)(b)

An interlocal entity is treated as a public body under Section 11-30-2.

Section 11-13-218(5)(b)

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Showing 21 of 21 provisions

Provision 21

Part 11-13-2

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

§ 11-13-218Authority of public agencies or interlocal entities to issue bonds -- Applicable provisions.Provision

Source excerpt

Public agencies and interlocal entities may issue bonds for specified facility and infrastructure purposes, and a governing board may delegate bond-term approval authority by resolution.

Authority of public agencies or interlocal entities to issue bonds -- Applicable provisions. A public agency may, in the same manner as it may issue bonds for its individual acquisition of a facility or improvement or for constructing, improving, or extending a facility or improvement, issue bonds to: acquire an interest in a jointly owned facility or improvement, a combination of a jointly owned facility or improvement, or any other facility or improvement; or pay all or part of the cost of constructing, improving, or extending a jointly owned facility or improvement, a combination of a jointly owned facility or improvement, or any other facility or improvement. An interlocal entity may issue bonds or notes under a resolution, trust indenture, or other security instrument for the purpose of: financing its facilities or improvements; or providing for or financing an energy efficiency upgrade, a clean energy system, or electric vehicle charging infrastructure in accordance with Title 11, Chapter 42, Assessment Area Act. The bonds or notes may be sold at public or private sale, mature at such times and bear interest at such rates, and have such other terms and security as the entity determines. The bonds or notes described in this Subsection (2) are not a debt of any public agency that is a party to the agreement. The governing board may, by resolution, delegate to one or more officers of the interlocal entity or to a committee of designated members of the governing board the authority to: in accordance with and within the parameters set forth in the resolution, approve the final interest rate, price, principal amount, maturity, redemption features, or other terms of a bond or note; and approve and execute all documents relating to the issuance of the bond or note. Bonds and notes issued under this chapter are declared to be negotiable instruments and their form and substance need not comply with the Uniform Commercial Code. An interlocal entity shall issue bonds in accordance with, as applicable: Chapter 14, Local Government Bonding Act; Chapter 27, Utah Refunding Bond Act; this chapter; or any other provision of state law that authorizes issuance of bonds by a public body. An interlocal entity is a public body as defined in Section 11-30-2 .

Section 11-13-218Verify source

§ 11-13-218(1)Subsection 11-13-218(1)Provision

Source excerpt

A public agency may issue bonds to acquire or finance interests in jointly owned facilities or improvements, and to fund construction, improvement, or extension costs for those projects.

A public agency may, in the same manner as it may issue bonds for its individual acquisition of a facility or improvement or for constructing, improving, or extending a facility or improvement, issue bonds to: acquire an interest in a jointly owned facility or improvement, a combination of a jointly owned facility or improvement, or any other facility or improvement; or pay all or part of the cost of constructing, improving, or extending a jointly owned facility or improvement, a combination of a jointly owned facility or improvement, or any other facility or improvement.

Section 11-13-218(1)Verify source

§ 11-13-218(1)(a)Subsection 11-13-218(1)(a)Provision

Source excerpt

acquire an interest in a jointly owned facility or improvement, a combination of a jointly owned facility or improvement, or any other facility or improvement; or

Section 11-13-218(1)(a)Verify source

§ 11-13-218(1)(b)Subsection 11-13-218(1)(b)Provision

Source excerpt

pay all or part of the cost of constructing, improving, or extending a jointly owned facility or improvement, a combination of a jointly owned facility or improvement, or any other facility or improvement.

Section 11-13-218(1)(b)Verify source

§ 11-13-218(2)Subsection 11-13-218(2)Provision

Source excerpt

An interlocal entity may issue bonds or notes for specified financing purposes, including facilities, improvements, energy efficiency upgrades, clean energy systems, and electric vehicle charging infrastructure.

An interlocal entity may issue bonds or notes under a resolution, trust indenture, or other security instrument for the purpose of: financing its facilities or improvements; or providing for or financing an energy efficiency upgrade, a clean energy system, or electric vehicle charging infrastructure in accordance with Title 11, Chapter 42, Assessment Area Act. The bonds or notes may be sold at public or private sale, mature at such times and bear interest at such rates, and have such other terms and security as the entity determines. The bonds or notes described in this Subsection (2) are not a debt of any public agency that is a party to the agreement.

Section 11-13-218(2)Verify source

§ 11-13-218(2)(a)Subsection 11-13-218(2)(a)Provision

Source excerpt

An interlocal entity may issue bonds or notes for specified financing purposes, subject to a resolution, trust indenture, or other security instrument.

Section 11-13-218(2)(a)Verify source

§ 11-13-218(2)(a)(i)Subsection 11-13-218(2)(a)(i)Provision

Source excerpt

financing its facilities or improvements; or

Section 11-13-218(2)(a)(i)Verify source

§ 11-13-218(2)(a)(ii)Subsection 11-13-218(2)(a)(ii)Provision

Source excerpt

providing for or financing an energy efficiency upgrade, a clean energy system, or electric vehicle charging infrastructure in accordance with Title 11, Chapter 42, Assessment Area Act.

Section 11-13-218(2)(a)(ii)Verify source

§ 11-13-218(2)(b)Subsection 11-13-218(2)(b)Provision

Source excerpt

The bonds or notes may be sold at public or private sale, mature at such times and bear interest at such rates, and have such other terms and security as the entity determines.

Section 11-13-218(2)(b)Verify source

§ 11-13-218(2)(c)Subsection 11-13-218(2)(c)Provision

Source excerpt

The bonds or notes described in this subsection are not a debt of any public agency party to the agreement.

The bonds or notes described in this Subsection (2) are not a debt of any public agency that is a party to the agreement.

Section 11-13-218(2)(c)Verify source

§ 11-13-218(3)Subsection 11-13-218(3)Provision

Source excerpt

The governing board may, by resolution, delegate authority to approve final bond or note terms and to approve and execute related documents.

The governing board may, by resolution, delegate to one or more officers of the interlocal entity or to a committee of designated members of the governing board the authority to: in accordance with and within the parameters set forth in the resolution, approve the final interest rate, price, principal amount, maturity, redemption features, or other terms of a bond or note; and approve and execute all documents relating to the issuance of the bond or note.

Section 11-13-218(3)Verify source

§ 11-13-218(3)(a)Subsection 11-13-218(3)(a)Provision

Source excerpt

An approving authority must approve the final terms of a bond or note within the resolution’s parameters.

in accordance with and within the parameters set forth in the resolution, approve the final interest rate, price, principal amount, maturity, redemption features, or other terms of a bond or note; and

Section 11-13-218(3)(a)Verify source

§ 11-13-218(3)(b)Subsection 11-13-218(3)(b)Provision

Source excerpt

An unspecified actor must approve and execute all documents relating to the issuance of the bond or note.

approve and execute all documents relating to the issuance of the bond or note.

Section 11-13-218(3)(b)Verify source

§ 11-13-218(4)Subsection 11-13-218(4)Provision

Source excerpt

Bonds and notes issued under this chapter are declared to be negotiable instruments and their form and substance need not comply with the Uniform Commercial Code.

Section 11-13-218(4)Verify source

§ 11-13-218(5)Subsection 11-13-218(5)Provision

Source excerpt

An interlocal entity must issue bonds under the listed bond laws and any other state law authorizing bond issuance by a public body.

Section 11-13-218(5)Verify source

§ 11-13-218(5)(a)Subsection 11-13-218(5)(a)Provision

Source excerpt

Section 11-13-218(5)(a)Verify source

§ 11-13-218(5)(a)(i)Subsection 11-13-218(5)(a)(i)Provision

Source excerpt

Chapter 14, Local Government Bonding Act;

Section 11-13-218(5)(a)(i)Verify source

§ 11-13-218(5)(a)(ii)Subsection 11-13-218(5)(a)(ii)Provision

Source excerpt

Chapter 27, Utah Refunding Bond Act;

Section 11-13-218(5)(a)(ii)Verify source

§ 11-13-218(5)(a)(iii)Subsection 11-13-218(5)(a)(iii)Provision

Source excerpt

this chapter; or

Section 11-13-218(5)(a)(iii)Verify source

§ 11-13-218(5)(a)(iv)Subsection 11-13-218(5)(a)(iv)Provision

Source excerpt

any other provision of state law that authorizes issuance of bonds by a public body.

Section 11-13-218(5)(a)(iv)Verify source

§ 11-13-218(5)(b)Subsection 11-13-218(5)(b)Provision

Source excerpt

An interlocal entity is treated as a public body under Section 11-30-2.

An interlocal entity is a public body as defined in Section 11-30-2 .

Section 11-13-218(5)(b)Verify source

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Utah Code § 11-13-218

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