Title 63B Chapter 9 Section 102
| << Previous Section (63B-9-101) | Download Options: PDF | RTF | WordPerfect | Next Section (63B-9-103) >> |
Bonds | |
2000 Bonding and Financing Authorizations | |
Section 102 | State Building Ownership Authority revenue bond authorizations. |
|
63B-9-102. State Building Ownership Authority revenue bond
authorizations.
(1) It is the intent of the Legislature that the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease purchase agreement in which participation interests may be created, to provide up to $10,500,000 for the construction of a multipurpose building for the state fair park, together with additional amounts necessary to: (a) pay costs of issuance; (b) pay capitalized interest; and (c) fund any debt service reserve requirements. (2) The State Building Ownership Authority shall work cooperatively with the board of directors of the Utah State Fair Corporation to seek out the most effective and prudent lease purchase plan available. Amended by Chapter 382, 2008 General Session | |
| << Previous Section (63B-9-101) | Download Options: PDF | RTF | WordPerfect | Next Section (63B-9-103) >> |