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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 11-17-4.6

The governing body’s bond proceedings may set bond terms, including variable-rate interest methods, issuance and sale conditions, responsible officers, maximum outstanding amount, payment source, and other necessary…

Source excerpt

bond issuancebond sale and deliverybond termsdelegation of issuance authorityinterest rate determination
Jurisdiction
United States — Utah
Status
In force
Dates
Legal dates not recorded
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“The governing body’s bond proceedings may set bond terms, including variable-rate interest methods, issuance and sale conditions, responsible officers, maximum outstanding amount, payment source, and other necessary details.”

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Bonds -- Terms specified by governing body.

The governing body’s bond proceedings may set bond terms, including variable-rate interest methods, issuance and sale conditions, responsible officers, maximum outstanding amount, payment source, and other necessary details.

Section 11-17-4.6

Subsection 11-17-4.6(1)

If bonds have a variable interest rate, the specifying party must state how the rate will be determined.

Section 11-17-4.6(1)

Subsection 11-17-4.6(3)

delegate, by resolution, to one or more officers of the issuing municipality, county, or state university the authority to: in accordance with and within the parameters set forth in the resolution, approve the final interest rate or rates,

Section 11-17-4.6(3)

Subsection 11-17-4.6(3)(a)

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

Section 11-17-4.6(3)(a)

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
§ 11-17-4.6Bonds -- Terms specified by governing body.Provision

Source excerpt

The governing body’s bond proceedings may set bond terms, including variable-rate interest methods, issuance and sale conditions, responsible officers, maximum outstanding amount, payment source, and other necessary details.

Bonds -- Terms specified by governing body. The proceedings of the governing body under which the bonds are authorized to be issued may: if the bonds bear interest at a variable rate or rates, specify the methods, formulas, or indices by which the interest rate or rates on the bonds may be determined; specify the terms and conditions under which the bonds may be issued, sold, and delivered, the officer of the issuing municipality, county, or state university responsible for the issuance, execution, and delivery of the bonds, the maximum amount of bonds which may be outstanding at any one time, the source of payment of the bonds, which may include the proceeds of refunding bonds issued under this chapter, and all other details necessary or appropriate for the issuance of bonds not inconsistent with this chapter; and delegate, by resolution, to one or more officers of the issuing municipality, county, or state university the authority to: in accordance with and within the parameters set forth in the resolution, approve the final interest rate or rates, price, principal amount, maturity or maturities, redemption features, and other terms of the bond; and approve and execute all documents relating to the issuance of the bonds.
Section 11-17-4.6Verify source
§ 11-17-4.6(1)Subsection 11-17-4.6(1)Provision

Source excerpt

If bonds have a variable interest rate, the specifying party must state how the rate will be determined.

if the bonds bear interest at a variable rate or rates, specify the methods, formulas, or indices by which the interest rate or rates on the bonds may be determined;
Section 11-17-4.6(1)Verify source
§ 11-17-4.6(2)Subsection 11-17-4.6(2)Provision

Source excerpt

The issuer may set bond terms, identify the responsible officer, cap the amount outstanding, choose the payment source, and include other nonconflicting details for issuing bonds.

specify the terms and conditions under which the bonds may be issued, sold, and delivered, the officer of the issuing municipality, county, or state university responsible for the issuance, execution, and delivery of the bonds, the maximum amount of bonds which may be outstanding at any one time, the source of payment of the bonds, which may include the proceeds of refunding bonds issued under this chapter, and all other details necessary or appropriate for the issuance of bonds not inconsistent with this chapter; and
Section 11-17-4.6(2)Verify source
§ 11-17-4.6(3)Subsection 11-17-4.6(3)Provision

Source excerpt

delegate, by resolution, to one or more officers of the issuing municipality, county, or state university the authority to: in accordance with and within the parameters set forth in the resolution, approve the final interest rate or rates,

delegate, by resolution, to one or more officers of the issuing municipality, county, or state university the authority to: in accordance with and within the parameters set forth in the resolution, approve the final interest rate or rates, price, principal amount, maturity or maturities, redemption features, and other terms of the bond; and approve and execute all documents relating to the issuance of the bonds.
Section 11-17-4.6(3)Verify source
§ 11-17-4.6(3)(a)Subsection 11-17-4.6(3)(a)Provision

Source excerpt

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

in accordance with and within the parameters set forth in the resolution, approve the final interest rate or rates, price, principal amount, maturity or maturities, redemption features, and other terms of the bond; and
Section 11-17-4.6(3)(a)Verify source
§ 11-17-4.6(3)(b)Subsection 11-17-4.6(3)(b)Provision

Source excerpt

Approve and execute all documents relating to the issuance of the bonds.

approve and execute all documents relating to the issuance of the bonds.
Section 11-17-4.6(3)(b)Verify source

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