63B-29-101. Revenue bond authorizations -- State Building Ownership Authority.
(1) The Legislature intends that: the State Building Ownership Authority, under the authority of, may issue or execute obligations, or may enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $14,591,000 for the downtown liquor store relocation, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any existing debt service reserve requirements; Chapter 1, Part 3, State Building Ownership Authority Act the Department of Alcoholic Beverage Services use sales revenue as the primary revenue source for repayment of any obligation created under authority of this Subsection; and (1) the Department of Alcoholic Beverage Services may request operation and maintenance funding from sales revenue.
(2) The Legislature intends that: the State Building Ownership Authority, under the authority of, may issue or execute obligations, or may enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $14,000,000 for two liquor stores in the Taylorsville and West Valley City market areas, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any existing debt service reserve requirements; Chapter 1, Part 3, State Building Ownership Authority Act the Department of Alcoholic Beverage Services use sales revenue as the primary revenue source for repayment of any obligation created under authority of this Subsection; and (2) the Department of Alcoholic Beverage Services may request operation and maintenance funding from sales revenue.