63B-32-102. State Building Ownership Authority obligations for new state liquor stores.
(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 $8,214,253 for a Summit County market area liquor store in Park City, 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 Control use sales revenues as the primary revenue source for repayment of any obligation created under authority of this Subsection; and (1) the Department of Alcoholic Beverage Control may request operation and maintenance funding from sales revenues.
(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 $7,455,342 for a Washington County area market liquor store in St. George, 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 Control use sales revenues as the primary revenue source for repayment of any obligation created under authority of this Subsection; and (2) the Department of Alcoholic Beverage Control may request operation and maintenance funding from sales revenues.