Title 11, Title 11: Cities, Counties, and Local Taxing Units

11-14-303. Bonds, notes, or other obligations of political subdivisions exempt from taxation except corporate franchise tax. All bonds, notes, or other obligations issued under this chapter or under any other law authorizing the issuance of bonds, notes, or indebtedness by a loca…

11-14-304. Facsimile signatures and facsimile seal, use permitted -- Validity of signed bonds. (1) If the use of a facsimile signature is authorized by the body empowered by law to authorize the issuance of the bonds or other obligations of any agency, instrumentality, or institu…

11-14-304.5. Recital in bonds -- Incontestability. (1) In the resolution authorizing bonds to be issued as provided in this chapter or other applicable law, a local political subdivision may require that the bonds recite that they are issued under authority of this chapter or oth…

11-14-305. Registration, denominations, and exchange of obligations. (1) As used in this section, "obligations" means bonds, bond anticipation notes, and tax anticipation notes. (2) Unless otherwise provided by the local political subdivision,, governs and applies to all obligati…

11-14-306. Additional pledge for general obligation bonds -- Revenue bonds -- Resolution. (1) To the extent constitutionally permissible, local political subdivisions may pledge as an additional source of payment for their general obligation bonds all or any part of revenues, fee…

11-14-307. Revenue bonds payable out of excise tax revenues. (1) To the extent constitutionally permissible, a city, town, or county may: issue bonds payable solely from a special fund into which are to be deposited: excise taxes levied and collected by the city, town, or county;…

11-14-308. Special service district bonds secured by federal mineral lease payments -- Use of bond proceeds -- Bond resolution -- Nonimpairment of appropriation formula -- Issuance of bonds. (1) Special service districts may: issue bonds payable, in whole or in part, from federal…

11-14-309. Refunding bonds -- Limitation on redemption of bonds. (1) Any bond issued under this chapter may be refunded as provided in the Utah Refunding Bond Act. (2) Nothing contained in this chapter nor in any other law of this state may be construed to permit any local politi…

11-14-310. General obligation bonds -- Levy and collection of taxes. (1) Any bonds issued under this chapter that are not payable solely from revenues other than those derived from ad valorem taxes are full general obligations of the local political subdivision. The local politic…

11-14-311. Bond anticipation notes. (1) If the governing body considers it advisable and in the interests of the local political subdivision to anticipate the issuance of bonds to be issued under this chapter, the governing body may, pursuant to appropriate resolution, issue bond…

11-14-312. Prior bonds validated -- Exceptions. All bonds issued by any local political subdivision before May 1, 2006, and all proceedings had in the authorization and issuance of them are hereby validated, ratified, and confirmed; and all such bonds are declared to constitute l…

11-14-313. Issuance of negotiable notes or bonds authorized -- Limitation on amount of tax anticipation notes or bonds -- Procedure. (1) For the purpose of meeting the current expenses of the local political subdivision and for any other purpose for which funds of the local polit…

11-14-314. Tax anticipation obligations validated. All obligations issued in anticipation of the collection of taxes and other revenues by any local political subdivision before May 1, 2006, and all proceedings had in the authorization and issuance of them are validated, ratified…

11-14-315. Nature and validity of bonds issued -- Applicability of other statutory provisions -- Budget provision required -- Applicable procedures for issuance -- Notice. Bonds issued under this chapter shall have all the qualities of negotiable paper, shall be incontestable in …

11-14-316. Publication of notice, resolution, or other proceeding -- Contest. (1) The governing body of any local political subdivision may provide for the publication of any resolution or other proceeding adopted under this chapter: for the local political subdivision, as a clas…

11-14-317. Bonds as legal investments -- Use as security for the faithful performance of acts. (1) All bonds issued under this chapter or other applicable law shall be legal investments for: all trust funds, including those under the jurisdiction of the state; the funds of all in…

11-14-318. Public hearing required -- Notice. (1) Before issuing bonds authorized under this chapter, a local political subdivision shall: in accordance with Subsection, provide public notice of the local political subdivision's intent to issue bonds; and (2) hold a public hearin…

11-14-401. Short title -- Title to appear on face of bonds -- Effect of future statutes dealing with municipal bond issues. (1) This chapter is known as the "Local Government Bonding Act." (2) All bonds issued pursuant to authority contained in this chapter shall contain on their…

11-14-402. Exemptions from application of chapter -- Exception. (1) Except as provided in Subsection, this chapter does not apply to bonds issued by the state of Utah nor to bonds or obligations payable solely from special assessments levied on benefited property. (2) (2) Section…

11-14-403. Conflict of laws. To the extent that any one or more provisions of this chapter shall be in conflict with any other law or laws, the provisions of this chapter shall be controlling.

11-14-404. Severability clause. If any one or more sentences, clauses, phrases, provisions or sections of this chapter or the application thereof to any set of circumstances shall be held by final judgment of any court of competent jurisdiction to be invalid, the remaining senten…

11-14-405. Validity of prior bond issues. All bonds issued by any local political subdivision before May 1, 2006, and all proceedings had in the authorization and issuance of those bonds are hereby validated, ratified, and confirmed, and all those bonds are declared to constitute…

11-14-406. Application of chapter. Sections,,,,, andshall apply to all bond elections held by any local political subdivision and, except as otherwise provided in Section, by any other taxing district or governmental entity whether or not the bonds are issued under authority gran…

11-14-501. Creation and perfection of government security interests. (1) As used in this section: "Bonds" means any bond, note, lease, or other obligation of a governmental unit. "General obligation bond" means a bond, note, warrant, certificate of indebtedness, or other obligati…

11-14a-1. Notice of debt issuance. (1) For purposes of this chapter: "Debt" includes bonds, lease purchase agreements, certificates of participation, and contracts with municipal building authorities. "Debt" does not include tax and revenue anticipation notes or refunding bonds. …

11-17-1. Short title. This chapter is known as the "Utah Industrial Facilities and Development Act."

11-17-1.5. Purpose of chapter. (1) The purposes of this chapter are to stimulate the economic growth of the state, to promote employment and achieve greater industrial development in the state, to maintain or enlarge domestic or foreign markets for Utah industrial products, to au…

11-17-10. Tax exemption for property and bonds -- Exception. All property acquired or held by the county or municipality under this chapter is declared to be public property used for essential public and governmental purposes; and all such property and bonds issued under this cha…

11-17-11. Construction of act. Neither this act nor anything contained in it shall be construed as a restriction or limitation upon any powers which a county or municipality might otherwise have under any laws of this state.

11-17-12. Bonds -- Eligibility as investments and for use as security. Bonds issued under this act are hereby made securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, credit unions, building and loan asso…

11-17-13. Pledge and undertaking for the state. The state of Utah does hereby pledge to and agree with the holders of any bonds issued under this act and with those parties who may enter into contracts with any county or municipality under this act, that the state will not alter,…

11-17-14. Uniform Commercial Code not applicable. Bonds issued under this act are exempt from the provisions of.

11-17-15. Public bidding laws and rules not applicable. The provisions of the various laws of the state of Utah and the rules or ordinances of the county or municipality which would otherwise require public bidding in respect to the acquisition, financing, management, funding, co…

11-17-16. Publication of resolutions and notice of bonds to be issued. (1) The governing body may provide for the publication of any resolution or other proceeding adopted by it under this chapter, including all resolutions providing for the sale or lease of any land by the munic…

11-17-16.1. Agreements authorized by resolution. (1) The governing body of any municipality, county, special service district, or state university entering into an agreement pursuant to Sectionmay provide for the publication of any resolution adopted by it authorizing the executi…

11-17-17. State universities granted same powers as municipalities and counties -- Authority to issue bonds. (1) The Utah Board of Higher Education may, on behalf of the University of Utah and Utah State University exercise all powers granted to municipalities and counties pursua…

11-17-18. Powers of Governor's Office of Economic Development. (1) For purposes of this chapter and for the purposes of the Utah Interlocal Cooperation Act, the Governor's Office of Economic Development, created in Section, has all the powers set out in this chapter of, and is su…

11-17-2. Definitions. As used in this chapter: (1) "Bonds" means bonds, notes, or other evidences of indebtedness. (2) "Clean energy system" means a product, system, device, or interacting group of devices that is permanently affixed to real property and that produces energy from…

11-17-20. Power of the Utah Charter School Finance Authority. (1) The Utah Charter School Finance Authority may exercise the powers granted to municipalities and counties by this chapter, subject to the same limitations as that imposed on a municipality or county under the chapte…

11-17-3. Powers of municipalities, counties, and state universities. (1) A municipality, county, and state university may: finance or acquire, whether by construction, purchase, devise, gift, exchange, or lease, or any one or more of those methods, and construct, reconstruct, imp…

11-17-3.5. Utah Inland Port Authority and Military Installation Development Authority governed by chapter. The Utah Inland Port Authority, created in Section, and the military installation development authority, created in Section, are subject to and governed by the provisions of…

11-17-4. Bonds -- Limitations -- Form and provisions -- Sale -- Negotiability. (1) All bonds issued by a municipality or county under this chapter shall be limited obligations of the municipality or county. Bonds and interest coupons issued under this chapter may not constitute n…

11-17-4.6. Bonds -- Terms specified by governing body. The proceedings of the governing body under which the bonds are authorized to be issued may: (1) if the bonds bear interest at a variable rate or rates, specify the methods, formulas, or indices by which the interest rate or …

11-17-5. Security for bonds -- Provisions in security agreements -- Limitations -- Liens. (1) The principal of and interest on any bonds issued under this chapter: shall be secured by a pledge and assignment of the revenues out of which the bonds are made payable or by such other…

11-17-6. Refunding bonds. Any bonds issued under this act and at any time outstanding may at any time and from time to time be refunded either in advance or by exchange by a municipality or county by the issuance of its refunding bonds in such amount as the governing body may dee…

11-17-7. Disposition of proceeds of bonds. The proceeds from the sale of any bonds issued under this act shall be applied only for the purposes for which the bonds were issued; but any accrued interest and premium received upon any such sale shall be applied to the payment of the…