reglab/housing_qa huggingface dataset:
UT Code § 63B-1a-401 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1a - Master General Obligation Bond Act|Part 4 - Miscellaneous Provisions Governing General Obligation Bonds|Section 401 - Status of bond records -- Compliance with Registered Public Obligations Act.

63B-1a-401. Status of bond records -- Compliance with Registered Public Obligations Act.    (1) The records of ownership, registration, transfer, and exchange of the bonds, and of persons to whom payment with respect to the obligations are made, are private records as provided in Section 63G-2-302 or protected records as provided in Section 63G-2-305.     (2) The bonds and any evidences of participation interest in the bonds may be issued, executed, authenticated, registered, transferred, exchanged, and otherwise made to comply with Title 15, Chapter 7, Registered Public Obligations Act.    Amended by Chapter 382, 2008 General Session
UT Code § 63B-1a-402 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1a - Master General Obligation Bond Act|Part 4 - Miscellaneous Provisions Governing General Obligation Bonds|Section 402 - Legal investment status.

63B-1a-402. 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.  Enacted by Chapter 2, 2003 General Session
UT Code § 63B-1a-403 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1a - Master General Obligation Bond Act|Part 4 - Miscellaneous Provisions Governing General Obligation Bonds|Section 403 - Tax status -- Exemption.

63B-1a-403. Tax status -- Exemption.  The bonds issued under this chapter, any interest paid on the bonds, and any income from the bonds is not taxable in Utah for any purpose, except for the corporate franchise tax.  Enacted by Chapter 2, 2003 General Session
UT Code § 63B-1a-501 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1a - Master General Obligation Bond Act|Part 5 - Challenges to Legality of Bonds -- Limitations|Section 501 - Publication of resolution or notice -- Limitation on actions to contest legality.

63B-1a-501. Publication of resolution or notice -- Limitation on actions to contest legality.    (1) The commission may either:   (a)   (i) publish once in a newspaper having general circulation in Utah any resolution adopted by the commission; and     (ii) publish, in accordance with Section 45-1-101, any resolution adopted by the commission; or       (b) in lieu of publishing the entire resolution, publish a notice of bonds to be issued, titled as such, containing:   (i) the purpose of the bond issue;     (ii) the type of bonds and the maximum principal amount that may be issued;     (iii) the maximum number of years over which the bonds may mature;     (iv) the maximum interest rate that the bonds may bear, if any;     (v) the maximum discount from par, expressed as a percentage of principal amount, at which the bonds may be sold; and     (vi) that a copy of the resolution or other proceedings may be examined at the office of the state treasurer during regular business hours for at least 30 days after the publication of the notice.         (2) For 30 days after the date of publication, any interested person may contest:   (a) the legality of the resolution;     (b) any of the bonds authorized under it; or     (c) any of the provisions made for the repayment of the bonds.       (3) After 30 days, a person may not, for any cause, contest:   (a) the legality of the resolution;     (b) any of the bonds authorized under the resolution; or     (c) any of the provisions made for the security and repayment of the bonds.      Amended by Chapter 388, 2009 General Session
UT Code § 63B-1a-601 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1a - Master General Obligation Bond Act|Part 6 - Bond Anticipation Notes|Section 601 - Bond anticipation notes -- Authorization, terms, and procedures.

63B-1a-601. Bond anticipation notes -- Authorization, terms, and procedures.    (1)   (a) The commission may issue bond anticipation notes in the form and with the terms that the commission determines.     (b) Each bond anticipation note and the interest on it are a general obligation of the state.       (2) The commission shall, by resolution:   (a) establish the interest rate or rates, including variable rates, for the bond anticipation notes; and     (b) provide that each bond anticipation note and any interest due on it is payable from:   (i) the proceeds of the sale of bonds;     (ii) money of the state on hand and legally available for that purpose in accordance with the authorized security; or     (iii) any combination of Subsections (2)(b)(i) and (ii).         (3) If the general obligation bonds have not been issued before the maturity of the bond anticipation notes issued in anticipation of the sale of those bonds, the commission shall, in order to meet the bond anticipation notes that are maturing:   (a) issue renewal bond anticipation notes for that purpose;     (b) pay the bond anticipation notes from state money legally available for paying those notes; or     (c) any combination of Subsections (3)(a) and (b).       (4) The commission may, by resolution:   (a) provide that the bond anticipation notes are subject to redemption before maturity;     (b) enter into agreements and make other arrangements, including any or all of those authorized by Subsection 63B-1a-102(2), that the commission considers necessary or appropriate in connection with the issuance, sale, and resale of the bond anticipation notes;     (c) resell or retire any bond anticipation notes purchased by the state before the stated maturity of those bond anticipation notes; and     (d) establish whatever funds and accounts are necessary or desirable to carry out the authorization and issuance of bond anticipation notes.      Enacted by Chapter 2, 2003 General Session
UT Code § 63B-1a-701 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1a - Master General Obligation Bond Act|Part 7 - Effect on Outstanding Bonds|Section 701 - Prior bonds validated -- Exceptions.

63B-1a-701. Prior bonds validated -- Exceptions.  All general obligation bonds and bond anticipation notes issued by the commission before February 14, 2003 and all proceedings had in the authorization and issuance of them are:  (1) validated, ratified, and confirmed; and     (2) declared to constitute legally binding obligations in accordance with their terms.    Enacted by Chapter 2, 2003 General Session
UT Code § 63B-1b-101 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1b - State Financing Consolidation Act|Part 1 - General Provisions|Section 101 - Title.

63B-1b-101. Title.  This chapter is known as the "State Financing Consolidation Act."  Renumbered and Amended by Chapter 382, 2008 General Session
UT Code § 63B-1b-102 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1b - State Financing Consolidation Act|Part 1 - General Provisions|Section 102 - Definitions.

 Effective 5/14/2019  63B-1b-102. Definitions.  As used in this chapter:  (1) "Agency bonds" means any bond, note, contract, or other evidence of indebtedness representing loans or grants made by an authorizing agency.     (2) "Authorized official" means the state treasurer or other person authorized by a bond document to perform the required action.     (3) "Authorizing agency" means the board, person, or unit with legal responsibility for administering and managing revolving loan funds.     (4) "Bond document" means:   (a) a resolution of the commission; or     (b) an indenture or other similar document authorized by the commission that authorizes and secures outstanding revenue bonds from time to time.       (5) "Commission" means the State Bonding Commission, created in Section 63B-1-201.     (6) "Revenue bonds" means any special fund revenue bonds issued under this chapter.     (7) "Revolving Loan Funds" means:   (a) the Water Resources Conservation and Development Fund, created in Section 73-10-24;     (b) the Water Resources Construction Fund, created in Section 73-10-8;     (c) the Water Resources Cities Water Loan Fund, created in Section 73-10-22;     (d) the Clean Fuel Conversion Funds, created in Title 19, Chapter 1, Part 4, Clean Fuels and Vehicle Technology Program Act;     (e) the Water Development Security Fund and its subaccounts, created in Section 73-10c-5;     (f) the Agriculture Resource Development Fund, created in Section 4-18-106;     (g) the Utah Rural Rehabilitation Fund, created in Section 4-19-105;     (h) the Permanent Community Impact Fund, created in Section 35A-8-303;     (i) the Petroleum Storage Tank Trust Fund, created in Section 19-6-409; and     (j) the State Infrastructure Bank Fund, created in Section 72-2-202.      Amended by Chapter 479, 2019 General Session
UT Code § 63B-1b-103 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1b - State Financing Consolidation Act|Part 1 - General Provisions|Section 103 - Limitation on issuance of bonds -- Legislative approval required.

63B-1b-103. Limitation on issuance of bonds -- Legislative approval required.  No bonds may be authorized or issued under this chapter without the prior approval of the Legislature.  Enacted by Chapter 251, 2011 General Session
UT Code § 63B-1b-201 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1b - State Financing Consolidation Act|Part 2 - Officers in State Treasurer's Office|Section 201 - Investment officer -- Powers and duties.

63B-1b-201. Investment officer -- Powers and duties.    (1) There is created within the Office of the State Treasurer an investment banking officer to advise, counsel, and render technical assistance to authorizing agencies in the management of state loan and grant programs.     (2) This officer shall:   (a) work cooperatively with the staff and boards of authorizing agencies as an advisor on technical financial aspects concerning loan and grant programs authorized by law;     (b) coordinate procedures for the closing of and assist authorizing agencies in closing all loans and grants of funds or other subsidy agreements;     (c) analyze, in conjunction with the appropriate authorizing agency, the financial feasibility and economic and capital efficiency of projects of applicants to authorizing agencies for loans and grants, review financing options, and make recommendations to each authorizing agency regarding terms of loans or grants and levels of state subsidy in accordance with the financial feasibility of the project and the efficiency of available state capital;     (d) coordinate and consolidate, to the extent possible, all financial and legal analysis of financing plans and closings of loans and grants made by each authorizing agency; and     (e) provide an annual report of the officer's activities to the state treasurer, the governor, the Division of Finance, and the boards of each authorizing agency.       (3) The analysis under Subsection (2)(c) shall include consideration of the following criteria:   (a) a demonstration of need based on the applicant's overall financial profile, including overlapping debt, tax levies, user rates, fees, charges, assessments, and other revenue and obligations existing within the community as a whole;     (b) the ability of the applicant to obtain financing from other, preferably private, sources on terms and conditions reasonably affordable;     (c) the availability and advisability of financing methods such as loans, grants, interest buy down arrangements, bond insurance, loan or bond guarantees, or any other appropriate method;     (d) the economic and efficiency of capital advantages enuring to the authorizing agency if the financing plan is adopted;     (e) a demonstration of local public support for the financing plan; and     (f) availability of other funds and financing methods under law.       (4) Each authorizing agency shall consult with and cooperate with the officer and shall consider the officer's recommendations before proceeding to fund a project, but the final decision as to the appropriate financing plan shall rest with the board of the authorizing agency according to their legal authority existing at the time.    Renumbered and Amended by Chapter 382, 2008 General Session
UT Code § 63B-1b-202 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1b - State Financing Consolidation Act|Part 2 - Officers in State Treasurer's Office|Section 202 - Custodial officer -- Powers and duties.

 Effective 7/1/2017  63B-1b-202. Custodial officer -- Powers and duties.    (1)   (a) There is created within the Division of Finance an officer responsible for the care, custody, safekeeping, collection, and accounting of all bonds, notes, contracts, trust documents, and other evidences of indebtedness:   (i) owned or administered by the state or any of its agencies; and     (ii) except as provided in Subsection (1)(b), relating to revolving loan funds.       (b) Notwithstanding Subsection (1)(a), the officer described in Subsection (1)(a) is not responsible for the care, custody, safekeeping, collection, and accounting of a bond, note, contract, trust document, or other evidence of indebtedness relating to the:   (i) Agriculture Resource Development Fund, created in Section 4-18-106;     (ii) Utah Rural Rehabilitation Fund, created in Section 4-19-105;     (iii) Petroleum Storage Tank Trust Fund, created in Section 19-6-409;     (iv) Olene Walker Housing Loan Fund, created in Section 35A-8-502; and     (v) Brownfields Fund, created in Section 19-8-120.         (2)   (a) Each authorizing agency shall deliver to this officer for the officer's care, custody, safekeeping, collection, and accounting all bonds, notes, contracts, trust documents, and other evidences of indebtedness:   (i) owned or administered by the state or any of its agencies; and     (ii) except as provided in Subsection (1)(b), relating to revolving loan funds.       (b) This officer shall:   (i) establish systems, programs, and facilities for the care, custody, safekeeping, collection, and accounting for the bonds, notes, contracts, trust documents, and other evidences of indebtedness submitted to the officer under this Subsection (2); and     (ii) shall make available updated reports to each authorizing agency as to the status of loans under their authority.         (3) The officer described in Section 63B-1b-201 shall deliver to the officer described in Subsection (1)(a) for the care, custody, safekeeping, collection, and accounting by the officer described in Subsection (1)(a) of all bonds, notes, contracts, trust documents, and other evidences of indebtedness closed as provided in Subsection 63B-1b-201(2)(b).    Amended by Chapter 345, 2017 General Session
UT Code § 63B-1b-301 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1b - State Financing Consolidation Act|Part 3 - Transfer or Liquidation of Bonds|Section 301 - State treasurer may sell, assign, or liquidate agency bonds -- Marketing plan required.

63B-1b-301. State treasurer may sell, assign, or liquidate agency bonds -- Marketing plan required.    (1) One or more authorizing agencies may from time to time request the state treasurer to sell, assign, or liquidate agency bonds on behalf of the authorizing agencies as provided in Section 63B-1b-302.     (2)   (a) Agency bonds shall be sold, assigned, transferred, or liquidated by the state treasurer pursuant to a marketing plan provided by the state treasurer under Section 63B-1b-302.     (b) The governor or the governor's designee and the appropriate authorizing agency shall approve the marketing plan, in writing.      Renumbered and Amended by Chapter 382, 2008 General Session
UT Code § 63B-1b-401 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1b - State Financing Consolidation Act|Part 4 - Issuance of Bonds|Section 401 - Pledge of agency bonds to pay revenue bonds -- Contents of financing agreements -- Use of money received by authorizing agencies.

63B-1b-401. Pledge of agency bonds to pay revenue bonds -- Contents of financing agreements -- Use of money received by authorizing agencies.    (1) Subject to the requirements of this chapter, and with the approval of the relevant authorizing agency, the State Bonding Commission may pledge, assign, or otherwise transfer any agency bonds, any money payable on or with respect to them, any legally available money or other security administered by an authorizing agency, or any combination of bonds, money, or other security to provide for the payment of revenue bonds issued under Section 63B-1b-402 and the payment of any amounts due under agreements and contracts described in Subsection 63B-1b-402(9).     (2)   (a) Before issuing revenue bonds under Section 63B-1b-402, the commission shall enter into a financing agreement with the appropriate authorizing agency or agencies.     (b) This agreement shall specify:   (i) any agency bonds, money, or other security to be pledged by the commission to provide for the payment of the revenue bonds;     (ii) the amount to be paid to the order of the authorizing agency or agencies for the agency bonds, money, or other security; and     (iii) other matters that the commission considers necessary or appropriate.         (3) The amounts received by each authorizing agency from the proceeds of the revenue bonds, together with all amounts paid to the authorizing agencies pursuant to Subsection 63B-1b-402(10), shall be applied by the authorizing agency as authorized by the law creating or authorizing the loan or grant program of the authorizing agency.    Amended by Chapter 251, 2011 General Session
UT Code § 63B-1b-501 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1b - State Financing Consolidation Act|Part 5 - Tax Status|Section 501 - Tax status -- Exemption.

63B-1b-501. Tax status -- Exemption.  The revenue bonds issued under this chapter, any interest paid on the revenue bonds, and any income from the bonds is not taxable in Utah for any purpose, except for the corporate franchise tax.  Renumbered and Amended by Chapter 382, 2008 General Session
UT Code § 63B-1b-601 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1b - State Financing Consolidation Act|Part 6 - Notice Requirements|Section 601 - Publication of resolution or notice -- Limitation on actions to contest legality.

63B-1b-601. Publication of resolution or notice -- Limitation on actions to contest legality.    (1) The commission may either:   (a) publish once in a newspaper having general circulation in Utah any resolution adopted by it; or     (b) in lieu of publishing the entire resolution, publish a notice of revenue bonds to be issued, titled as such, containing:   (i) the purpose of the revenue bond issue;     (ii) the maximum principal amount that may be issued;     (iii) the maximum number of years over which the revenue bonds may mature;     (iv) the maximum interest rate that the revenue bonds may bear, if any;     (v) the maximum discount from par, expressed as a percentage of principal amount, at which the revenue bonds may be sold; and     (vi) a statement that a copy of the resolution or other bond document may be examined at the office of the state treasurer during regular business hours for at least 30 days after the publication of the notice.         (2) For 30 days after the date of publication, any interested person may contest:   (a) the legality of the resolution or other bond document;     (b) any of the revenue bonds authorized under it; or     (c) any of the provisions made for the repayment of the revenue bonds.       (3) After 30 days, a person may not, for any cause, contest:   (a) the legality of the resolution or other bond document;     (b) any of the revenue bonds authorized under the resolution or other bond document; or     (c) any of the provisions made for the security and repayment of the revenue bonds.      Renumbered and Amended by Chapter 382, 2008 General Session
UT Code § 63B-1b-701 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 1b - State Financing Consolidation Act|Part 7 - Payment of Expenses|Section 701 - Payment of expenses.

63B-1b-701. Payment of expenses.    (1) All expenses incurred by the state under this chapter may be paid:   (a) in the case of expenses incurred under Section 63B-1b-302, from the proceeds of the liquidation of agency bonds; and     (b) in the case of expenses incurred under Section 63B-1b-402, from the proceeds of sale of revenue bonds.       (2)   (a) Any expenses incurred by the state under this chapter that are not paid from the proceeds of the liquidation of agency bonds or the issuance of state revenue bonds shall be paid from the revolving funds of the authorizing agencies.     (b) These expenses are not a charge to or an appropriation from the General Fund.      Renumbered and Amended by Chapter 382, 2008 General Session
UT Code § 63B-2-101 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 2 - 1993 Bonding|Part 1 - Capital Facilities and Capital Improvement Bonding|Section 101 - State Bonding Commission authorized to issue general obligation bonds.

63B-2-101. State Bonding Commission authorized to issue general obligation bonds.  The commission created under Section 63B-1-201 may 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 interest on the bonds to provide funds to the division.  Enacted by Chapter 304, 1993 General Session
UT Code § 63B-2-103 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 2 - 1993 Bonding|Part 1 - Capital Facilities and Capital Improvement Bonding|Section 103 - Use of bond proceeds for issuance and other costs.

63B-2-103. 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 Section 63B-2-102 and to pay all or part of any cost incident to the issuance and sale of the bonds including, without limitation, printing, registration and transfer costs, legal fees, trustees' fees, financial advisors' fees, and underwriters' discount.  Enacted by Chapter 304, 1993 General Session
UT Code § 63B-2-104 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 2 - 1993 Bonding|Part 1 - Capital Facilities and Capital Improvement Bonding|Section 104 - Manner of issuance -- Amounts, interest, and maturity.

63B-2-104. 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 bear dates, interest rates, including a variable rate, and maturity dates as the commission determines by resolution.     (3) A bond issued may not mature later than 20 years after the date of final passage of this chapter.    Enacted by Chapter 304, 1993 General Session
UT Code § 63B-2-106 (2021)
2021 Utah Code|Title 63B - Bonds|Chapter 2 - 1993 Bonding|Part 1 - Capital Facilities and Capital Improvement Bonding|Section 106 - Constitutional debt limitation.

63B-2-106. Constitutional debt limitation.    (1) The commission may not issue bonds under this chapter in an amount that violates the limitation described in Article XIV, Sec. 1, Utah Constitution.     (2) For purposes of applying the debt limitation contained in Article XIV, Sec. 1, Utah Constitution, the value of the taxable property in Utah is considered to be 100% of the fair market value of the taxable property of the state, as computed from the last assessment for state purposes previous to the issuance of the bonds.    Enacted by Chapter 304, 1993 General Session