Title 63B, Title 63B: Bonds

63B-8-217. Report to Legislature. The governor shall report the commission's proceedings to each annual general session of the Legislature in the governor's budget for as long as bonds issued under this chapter remain outstanding.

63B-8-301. Definitions. As used in this part: (1) "Bond anticipation note" means a note issued in anticipation of the receipt of the proceeds of the sale of the bonds authorized under. Part 2, 1999 Highway General Obligation Bond Authorization (2) "Flexible note" means a bond ant…

63B-8-302. Authorization, terms, and procedures. (1) The state treasurer may, by written order, issue bond anticipation notes and renewals of bond anticipation notes, including flexible notes and short-term series notes, in the form and with the terms that the state treasurer det…

63B-8-303. Purchase and redemption requirements. (1) The notes and renewals of notes may provide the holders of the notes or renewals of notes with the right to require the state or other persons to purchase or redeem the notes or renewal notes before the stated maturity of the n…

63B-8-304. General provisions -- Funds and accounts. (1) Sections,,,,, andapply to any notes or renewals of notes issued under this part. 63B-8-205 63B-8-206 63B-8-213 63B-8-214 63B-8-215 63B-8-216 For purposes of this part, any action that those sections require or permit the co…

63B-8-401. State Bonding Commission authorized to issue general obligation bonds. The commission created under Sectionmay issue and sell general obligation bonds of the state pledging the full faith, credit, and resources of the state for the payment of the principal of and inter…

63B-8-402. Maximum amount -- Projects authorized. (1) The total amount of bonds issued under this part may not exceed $7,400,000. (2) Proceeds from the issuance of bonds shall be provided to the division to provide funds to pay all or part of the cost of acquiring and constructin…

63B-8-403. Use of bond proceeds for issuance and other costs. The proceeds of bonds issued under this chapter shall be used for the purposes described in Sectionand to pay all or part of any cost incident to the issuance and sale of the bonds including, without limitation, printi…

63B-8-404. Manner of issuance -- Amounts, interest, and maturity. (1) Bonds issued under this chapter may be authorized, sold, and issued at times and in a manner determined by the commission by resolution. (2) Bonds may be issued in one or more series, in amounts, and shall bear…

63B-8-405. Terms and conditions of sale -- Plan of financing -- Signatures -- Replacement -- Registration -- Federal rebate. (1) In the issuance of bonds, the commission may determine by resolution: the manner of sale, including public or private sale; the terms and conditions of…

63B-8-406. Constitutional debt limitation. (1) The commission may not issue bonds under this chapter in an amount that violates the limitation described in Utah Constitution Article XIV, Section 1. (2) For purposes of applying the debt limitation contained in Utah Constitution Ar…

63B-8-407. Tax levy -- Abatement of tax. (1) Each year after issuance of the bonds and until all outstanding bonds are retired, there is levied a direct annual tax on all real and personal property within the state subject to state taxation, sufficient to pay: applicable bond red…

63B-8-408. Creation of sinking fund. (1) There is created a sinking fund, to be administered by the state treasurer, entitled the "1999 General Obligation Capital Project Bonds Sinking Fund." (2) All money deposited in the sinking fund, from whatever source, shall be used to pay …

63B-8-409. Payment of interest, principal, and redemption premiums. (1) The Division of Finance shall draw warrants on the state treasury before any interest, principal, or redemption premiums become due on the bonds. (2) After receipt of the warrants, the state treasurer shall: …

63B-8-410. Investment of sinking fund money. (1) The state treasurer may, by following the procedures and requirements of, invest any money contained in the sinking fund until it is needed for the purposes for which the fund is created. Title 51, Chapter 7, State Money Management…

63B-8-411. Bond proceeds -- Deposits -- Investment -- Disposition of investment income and unexpended proceeds. (1) Proceeds from the sale of bonds issued under this chapter shall be deposited within one or more accounts as determined by resolution of the commission. The state tr…

63B-8-412. Refunding of bonds. (1) The commission may provide for the refunding of any of the bonds in accordance with. Title 11, Chapter 27, Utah Refunding Bond Act (2) For purposes of, the state is considered the public body and the commission its governing body. Title 11, Chap…

63B-8-413. Certification of satisfaction of conditions precedent -- Conclusiveness. (1) The commission may not issue any bond under this chapter until it finds and certifies that all conditions precedent to issuance of the bonds have been satisfied. (2) A recital on any bond of t…

63B-8-414. Tax exemption. The bonds issued under this chapter, any interest paid on the bonds, and any income from the bonds are not taxable in this state for any purpose, except for the corporate franchise tax.

63B-8-415. Legal investment status. Bonds issued under this chapter are legal investments for all state trust funds, insurance companies, banks, trust companies, and the State School Fund and may be used as collateral to secure legal obligations.

63B-8-416. Publication of resolution or notice -- Limitation on actions to contest legality. (1) The commission may: publish any resolution it adopts under this chapter: once in a newspaper having general circulation in Utah; and as required in Section; or 45-1-101 in lieu of pub…

63B-8-417. Report to Legislature. The governor shall report the commission's proceedings to each annual general session of the Legislature in the governor's budget for as long as bonds issued under this chapter remain outstanding.

63B-8-501. Revenue bond authorizations. It is the intent of the Legislature that: (1) the State Building Ownership Authority, under the authority of, may issue or execute obligations, or enter into or arrange for a lease purchase agreement in which participation interests may be …

63B-8-502. Other capital facility authorizations and intent language. (1) It is the intent of the Legislature that: Salt Lake Community College use institutional funds to plan, design, and construct an addition to the Student Activity Center at the Redwood Campus under the direct…

63B-9-101. Higher education revenue bond authorizations. It is the intent of the Legislature that: (1) the Board of Regents issue, sell, and deliver revenue bonds or other evidences of indebtedness of the Board of Regents to borrow money on the credit, revenues, and reserves of t…

63B-9-103. Other capital facility authorizations and intent language. (1) It is the intent of the Legislature that: Utah State University use institutional funds to plan, design, and construct a renovation and expansion of the Edith Bowen School under the direction of the directo…

63B-10-101. State Bonding Commission authorized to issue general obligation bonds. The commission created under Sectionmay issue and sell general obligation bonds of the state pledging the full faith, credit, and resources of the state for the payment of the principal of and inte…

63B-10-102. Maximum amount -- Projects authorized. (1) The total amount of bonds issued under this part may not exceed $126,250,000. (2) Proceeds from the issuance of bonds shall be provided to the Department of Transportation to provide funds to pay all or part of the costs of s…

63B-10-103. Bond proceeds may be used to pay costs of issuance and sale. The proceeds of bonds issued under this chapter shall be used for the purposes described in Sectionand to pay all or part of any cost incident to the issuance and sale of the bonds including, without limitat…

63B-10-104. Manner of issuance -- Amounts, interest, and maturity. (1) Bonds issued under this chapter may be authorized, sold, and issued at times and in a manner determined by the commission by resolution. (2) Bonds may be issued in one or more series, in amounts, and shall bea…

63B-10-105. Terms and conditions of sale -- Plan of financing -- Signatures -- Replacement -- Registration -- Federal rebate. (1) In the issuance of bonds, the commission may determine by resolution: the manner of sale, including public or private sale; the terms and conditions o…

63B-10-106. Constitutional debt limitation. (1) The commission may not issue bonds under this chapter in an amount that violates the limitation described in Utah Constitution Article XIV, Section 1. (2) For purposes of applying the debt limitation contained in Utah Constitution A…

63B-10-107. Tax levy -- Abatement of tax. (1) Each year after issuance of the bonds and until all outstanding bonds are retired, there is levied a direct annual tax on all real and personal property within the state subject to state taxation, sufficient to pay: applicable bond re…

63B-10-108. Creation of sinking fund. (1) There is created a sinking fund, to be administered by the state treasurer, entitled the "2001 Highway General Obligation Bonds Sinking Fund." (2) All money deposited in the sinking fund, from whatever source, shall be used to pay debt se…

63B-10-109. Payment of interest, principal, and redemption premiums. (1) The Division of Finance shall draw warrants on the state treasury before any interest, principal, or redemption premiums become due on the bonds. (2) After receipt of the warrants, the state treasurer shall:…

63B-10-110. Investment of sinking fund money. (1) The state treasurer may, by following the procedures and requirements of, invest any money contained in the sinking fund until it is needed for the purposes for which the fund is created. Title 51, Chapter 7, State Money Managemen…

63B-10-111. Bond proceeds -- Deposits -- Investment -- Disposition of investment income and unexpended proceeds. (1) Proceeds from the sale of bonds issued under this chapter shall be deposited within one or more accounts as determined by resolution of the commission. The state t…

63B-10-112. Refunding of bonds. (1) The commission may provide for the refunding of any of the bonds in accordance with. Title 11, Chapter 27, Utah Refunding Bond Act (2) For purposes of, the state of Utah is considered the public body and the commission its governing body. Title…

63B-10-113. Certification of satisfaction of conditions precedent -- Conclusiveness. (1) The commission may not issue any bond under this chapter until it finds and certifies that all conditions precedent to issuance of the bonds have been satisfied. (2) A recital on any bond of …

63B-10-114. Tax exemption. The bonds issued under this chapter, any interest paid on the bonds, and any income from the bonds are not taxable in this state for any purpose, except for the corporate franchise tax.

63B-10-115. Legal investment status. Bonds issued under this chapter are legal investments for all state trust funds, insurance companies, banks, trust companies, and the State School Fund and may be used as collateral to secure legal obligations.

63B-10-116. Publication of resolution or notice -- Limitation on actions to contest legality. (1) The commission may: publish any resolution it adopts under this chapter: once in a newspaper having general circulation in Utah; and as required in Section; or 45-1-101 in lieu of pu…

63B-10-117. Report to Legislature. The governor shall report the commission's proceedings to each annual general session of the Legislature in his budget for as long as bonds issued under this chapter remain outstanding.

63B-10-201. Definitions. As used in this part: (1) "Bond anticipation note" means a note issued in anticipation of the receipt of the proceeds of the sale of the bonds authorized under. Part 1, 2001 Highway General Obligation Bonds (2) "Flexible note" means a bond anticipation no…

63B-10-202. Authorization, terms, and procedures. (1) The state treasurer may, by written order, issue bond anticipation notes and renewals of bond anticipation notes, including, but not limited to, flexible notes and short-term series notes, in the form and with the terms that h…

63B-10-203. Purchase and redemption requirements. (1) The notes and renewals of notes may provide the holders of the notes or renewals of notes with the right to require the state or other persons to purchase or redeem the notes or renewal notes before the stated maturity of the …