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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 11-17-17

State universities granted same powers as municipalities and counties -- Authority to issue bonds. The Utah Board of Higher Education may, on behalf of the University of Utah and Utah State University exercise all powers…

Source excerpt

bond issuancegovernment borrowing
Jurisdiction
United States — Utah
Status
In force
Dates
Legal dates not recorded
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01

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“State universities granted same powers as municipalities and counties -- Authority to issue bonds. The Utah Board of Higher Education may, on behalf of the University of Utah and Utah State University exercise all powers granted to”

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Subsection 11-17-17(1)

The Utah Board of Higher Education may exercise municipal and county powers for the University of Utah and Utah State University, subject to Subsection (2).

Section 11-17-17(1)

Subsection 11-17-17(3)

Refunding bonds are exempt from Subsection (2) if they are issued to reduce debt service costs and mature during the same time frame as the original obligation.

Section 11-17-17(3)

Subsection 11-17-17(3)(b)

the refunding bonds mature during the same time frame as the original obligation.

Section 11-17-17(3)(b)

04

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In force source record

Source record from le.utah.gov · Legal dates not recorded

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Showing 6 of 6 provisions

Provision 6
§ 11-17-17State universities granted same powers as municipalities and counties -- Authority to issue bonds.Provision

Source excerpt

State universities granted same powers as municipalities and counties -- Authority to issue bonds. The Utah Board of Higher Education may, on behalf of the University of Utah and Utah State University exercise all powers granted to

State universities granted same powers as municipalities and counties -- Authority to issue bonds. The Utah Board of Higher Education may, on behalf of the University of Utah and Utah State University exercise all powers granted to municipalities and counties pursuant to this chapter, except as provided in Subsection (2) . The Utah Board of Higher Education may not issue bonds in excess of $10,000,000 in any one fiscal year under this chapter on behalf of either institution as the borrower without prior approval from the Legislature. Refunding bonds are exempt from the requirements of Subsection (2) if: the bonds are issued to reduce debt service costs; and the refunding bonds mature during the same time frame as the original obligation.
Section 11-17-17Verify source
§ 11-17-17(1)Subsection 11-17-17(1)Provision

Source excerpt

The Utah Board of Higher Education may exercise municipal and county powers for the University of Utah and Utah State University, subject to Subsection (2).

The Utah Board of Higher Education may, on behalf of the University of Utah and Utah State University exercise all powers granted to municipalities and counties pursuant to this chapter, except as provided in Subsection (2) .
Section 11-17-17(1)Verify source
§ 11-17-17(2)Subsection 11-17-17(2)Provision

Source excerpt

The Utah Board of Higher Education may not issue bonds over $10,000,000 in any one fiscal year under this chapter for either institution unless the Legislature first approves.

The Utah Board of Higher Education may not issue bonds in excess of $10,000,000 in any one fiscal year under this chapter on behalf of either institution as the borrower without prior approval from the Legislature.
Section 11-17-17(2)Verify source
§ 11-17-17(3)Subsection 11-17-17(3)Provision

Source excerpt

Refunding bonds are exempt from Subsection (2) if they are issued to reduce debt service costs and mature during the same time frame as the original obligation.

Refunding bonds are exempt from the requirements of Subsection (2) if: the bonds are issued to reduce debt service costs; and the refunding bonds mature during the same time frame as the original obligation.
Section 11-17-17(3)Verify source
§ 11-17-17(3)(a)Subsection 11-17-17(3)(a)Provision

Source excerpt

the bonds are issued to reduce debt service costs; and

the bonds are issued to reduce debt service costs; and
Section 11-17-17(3)(a)Verify source
§ 11-17-17(3)(b)Subsection 11-17-17(3)(b)Provision

Source excerpt

the refunding bonds mature during the same time frame as the original obligation.

the refunding bonds mature during the same time frame as the original obligation.
Section 11-17-17(3)(b)Verify source

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