Title 53B Chapter 22 Section 107
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State System Of Higher Education | |
Higher Education Capital Projects | |
Section 107 | Salt Lake Community College revenue bonds -- Classroom/physical education facility. |
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53B-22-107. Salt Lake Community College revenue bonds --
Classroom/physical education facility.
(1) The State Board of Regents, on behalf of Salt Lake Community College, may issue, sell, and deliver revenue bonds or other evidences of indebtedness of Salt Lake Community College to borrow money on the credit of the income and revenues of Salt Lake Community College, other than appropriations of the Legislature, to finance the partial cost of constructing, furnishing, and equipping a classroom/physical education facility. (2) The bonds or other evidences of indebtedness authorized by this section may not exceed $5,500,000 and shall be issued in accordance with Title 53B, Chapter 21, Revenue Bonds, under such terms and conditions and in such amounts as the board, by resolution, determines are reasonable and necessary. Enacted by Chapter 32, 1991 General Session | |
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