reglab/statecodes huggingface dataset:
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 17 - Utah Industrial Facilities and Development Act › Section 9 - Commingling of bond proceeds or revenues with other funds prohibited.

11-17-9.
Commingling of bond proceeds or revenues with other funds prohibited.
No part of the proceeds received from the sale of any bonds issued under this act, of any revenues derived from any project acquired or held under this act, or of any interest realized on money received under this act shall be commingled by the county or municipality with other funds of such county or municipality.
Enacted by Chapter 29, 1967 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 17 - Utah Industrial Facilities and Development Act › Section 10 - Tax exemption for property and bonds -- Exception.

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 chapter and the income from them are exempt from all taxes imposed by the state, any county, any municipality, or any other political subdivision of the state, except for the corporate franchise tax. This exemption does not extend to the interests of any private person, firm, association, partnership, corporation, or other private business entity in such property or in any other property such business entity may place upon or use in connection with any project, all of which shall be subject to the provisions of Section 59-4-101 and all other applicable laws nor to any income of such private business entity, which, except as provided in this section for such bonds and the income from them, shall be subject to all applicable laws, regarding the taxing of such income.
Amended by Chapter 378, 2010 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 17 - Utah Industrial Facilities and Development Act › Section 11 - Construction of act.

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.
Enacted by Chapter 29, 1967 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 17 - Utah Industrial Facilities and Development Act › Section 12 - Bonds -- Eligibility as investments and for use as security.

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 associations, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries, pension, profit-sharing and retirement funds may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds or obligations of the state is now or may hereafter be authorized by law.
Enacted by Chapter 29, 1967 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 17 - Utah Industrial Facilities and Development Act › Section 13 - Pledge and undertaking for the state.

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, impair or limit the rights thereby vested until the bonds, together with applicable interest, are fully met and discharged and such contracts are fully performed. Nothing contained in this act shall preclude such alteration, impairment or limitation if and when adequate provision shall be made by law for the protection of the holders of the bonds or persons entering into contracts with any county or municipality. Each county and municipality is authorized to include this pledge and undertaking for the state in such bonds or contracts.
Enacted by Chapter 29, 1967 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 17 - Utah Industrial Facilities and Development Act › Section 14 - Uniform Commercial Code not applicable.

Effective 5/13/2014
11-17-14.
Uniform Commercial Code not applicable.
Bonds issued under this act are exempt from the provisions of Title 70A, Uniform Commercial Code.
Amended by Chapter 189, 2014 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 17 - Utah Industrial Facilities and Development Act › Section 15 - Public bidding laws and rules not applicable.

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, construction, reconstruction, improvement, maintenance, equipping, and furnishing of a project shall have no application to same.
Amended by Chapter 206, 1986 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 17 - Utah Industrial Facilities and Development Act › Section 16 - Publication of resolutions and notice of bonds to be issued.

Effective 5/3/2023
11-17-16.
Publication of resolutions and notice of bonds to be issued.
(1)
(a) 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 municipality, county, or state university in connection with the establishment, acquisition, development, maintenance, and operation of an industrial park.
(b) The publication shall be given:
(i) as a class A notice under Section 63G-30-102, for at least seven days:
(A) for the municipality or county; or
(B) in the case of a state university, for the county within which the principal administrative office of the state university is located; and
(ii) as required in Section 45-1-101.
(2) In case of a resolution or other proceeding providing for the issuance of bonds, the governing body may, in lieu of publishing the entire resolution or other proceeding, publish a notice of bonds to be issued, titled as such, containing:
(a) the name of the issuer;
(b) the purpose of the issue;
(c) the name of the users, if known;
(d) the maximum principal amount which may be issued;
(e) the maximum number of years over which the bonds may mature; and
(f) the times and place where a copy of the resolution or other proceeding may be examined, which shall be at an office of the issuer, identified in the notice, during regular business hours of the issuer as described in the notice and for a period of at least 30 days after the publication of the notice.
(3) For a period of 30 days after publication any person in interest may contest the legality of the resolution, proceeding, any bonds which may be authorized under them, or any provisions made for the security and payment of the bonds. After expiration of the 30-day period no person may contest the regularity, formality, or legality of the resolution, proceedings, bonds, or security provisions for any cause.
Amended by Chapter 435, 2023 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 17 - Utah Industrial Facilities and Development Act › Section 16.1 - Agreements authorized by resolution.

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 Section 11-17-3 may provide for the publication of any resolution adopted by it authorizing the execution of the agreement, in a newspaper qualified to carry notices having general circulation therein.
(2) Any agreement authorized to be executed by the resolution may be attached as an exhibit to the resolution and need not be published as part of the resolution if the resolution provides that a copy of the agreement may be examined at an office of the municipality, county, special service district, or state university during regular business hours as described in the resolution and for a period of at least 30 days after the publication of the resolution.
(3) For a period of 30 days after publication of the resolution, any person in interest may contest the legality of the resolution, any agreement authorized thereby, or any provisions made for the security and payment of the obligations of the municipality, county, special service district, or state university under the agreement. After the expiration of the 30-day period no person has any cause of action to contest the regularity, formality, or legality of the resolution or any agreement authorized thereby for any cause.
Amended by Chapter 92, 1987 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 17 - Utah Industrial Facilities and Development Act › Section 17 - State universities granted same powers as municipalities and counties -- Authority to issue bonds.

Effective 7/1/2020
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 pursuant to this chapter, except as provided in Subsection (2).
(2) The Utah Board of Higher Education may not issue bonds in excess of $10,000,000 in any one fiscal year under this chapter on behalf of either institution as the borrower without prior approval from the Legislature.
(3) Refunding bonds are exempt from the requirements of Subsection (2) if:
(a) the bonds are issued to reduce debt service costs; and
(b) the refunding bonds mature during the same time frame as the original obligation.
Amended by Chapter 365, 2020 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 17 - Utah Industrial Facilities and Development Act › Section 18 - Powers of Governor's Office of Economic Opportunity.

Effective 7/1/2021
11-17-18.
Powers of Governor's Office of Economic Opportunity.
For purposes of this chapter and for the purposes of the Utah Interlocal Cooperation Act, the Governor's Office of Economic Opportunity has all the powers set out in this chapter of, and is subject to the same limitations as, a municipality as though the office were defined as a municipality for purposes of this chapter, but it shall have such powers with respect to economic development or new venture investment fund projects only. It is not authorized to exercise such powers in any manner which will create general obligations of the state or any agency, department, division, or political subdivision thereof.
Amended by Chapter 282, 2021 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 17 - Utah Industrial Facilities and Development Act › Section 20 - Power of the Utah Charter School Finance Authority.

Effective 3/22/2018
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 chapter, except as provided by Title 53G, Chapter 5, Part 6, Charter School Credit Enhancement Program.
(2) As used in this chapter, "governing body" when applied to the Utah Charter School Finance Authority means the authority's governing board as described in Section 53G-5-602.
(3) Notwithstanding Section 11-17-15, a charter school that receives financing under this chapter is subject to Title 63G, Chapter 6a, Utah Procurement Code.
Amended by Chapter 415, 2018 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 21 - Cycle Registration › Section 1 - Cities and counties to require licensing of cycles by dealers -- "Cycle" defined.

11-21-1.
Cities and counties to require licensing of cycles by dealers -- "Cycle" defined.
(1) All county, city and town governments shall by ordinance or otherwise require all cycle dealers operating within their jurisdiction:
(a) to license, or arrange to have licensed at the time of purchase all cycles sold by them;
(b) to keep records on all cycles sold and to furnish, within 30 days of sale, their respective city or county police departments with the following information:
(i) name and address of the retailer;
(ii) year and make of the cycle;
(iii) general description of the cycle;
(iv) frame number; and
(v) name and address of the purchaser;
(c) to not sell any cycle which does not have a serial number on its frame. Where the cycle has no serial or frame numbers the dealer shall be required to stamp or have stamped on the frame the number of the license to be issued for that cycle, the year in which the license was issued or year of expiration of license and the abbreviation for the city or county regulating the dealer.
(2) As used in this section, "cycle" means a device upon which any person may ride, propelled by human power through a belt, chain or gears and having one or more wheels in tandem or other arrangement. Cycles with wheels of at least 20 inches in diameter and frame size of at least 14 inches shall be subject to this section. Others may be licensed by owner upon request.
Amended by Chapter 10, 1997 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 2 - Legislative findings -- Liberal construction.

Effective 5/10/2016
11-25-2.
Legislative findings -- Liberal construction.
The Legislature finds and declares that it is necessary for the welfare of the state and its inhabitants that community reinvestment agencies be authorized within cities, towns or counties, or cities or towns and counties to make long-term, low-interest loans to finance residential rehabilitation in selected residential areas in order to encourage the upgrading of property in those areas. Unless such agencies provide some form of assistance to finance residential rehabilitation, many residential areas will deteriorate at an accelerated pace. This act shall be liberally construed to effect its purposes.
Amended by Chapter 350, 2016 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 4 - Location and character of rehabilitation -- Financial assistance.

11-25-4.
Location and character of rehabilitation -- Financial assistance.
An agency may determine the location and character of any residential rehabilitation to be financed under the provisions of this part and may lend financial assistance to any participating part for the purpose of financing residential rehabilitation in areas designated as residential rehabilitation areas by the agency.
Enacted by Chapter 276, 1977 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 5 - Bonds or notes -- Issuance -- Purposes -- Payment -- Maturity of bond anticipation notes.

11-25-5.
Bonds or notes -- Issuance -- Purposes -- Payment -- Maturity of bond anticipation notes.
An agency may, from time to time, issue its negotiable bonds or notes for the purpose of financing residential rehabilitation as authorized by this act and for the purpose of funding or refunding these bonds or notes in the same manner as it may issue other bonds or notes as provided in Title 17C, Chapter 1, Part 5, Agency Bonds. Every issue of its bonds shall be a special obligation of the agency payable from all or any part of the revenues specified in the act or funds legally received by the agency. In anticipation of the sale of the bonds, the agency may issue negotiable bond anticipation notes in accordance with Section 11-14-311, and may renew such notes from time to time. Bond anticipation notes may be paid from the proceeds of sale of the bonds of the agency in anticipation of which they were issued. Bond anticipation notes and agreements relating thereto and the resolution or resolutions authorizing the notes and agreements may obtain any provisions, conditions, or limitations which a bond, agreement relating thereto, or bond resolution of the agency may contain except that any note or renewal thereof shall mature at a time not later than five years from the date of the issuance of the original note.
Amended by Chapter 359, 2006 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 6 - Fees, charges and interest rates -- Contract for collections -- Security -- Payment -- Assignments.

11-25-6.
Fees, charges and interest rates -- Contract for collections -- Security -- Payment -- Assignments.
The agency may fix fees, charges, and interest rates for financing residential rehabilitation and may from time to time revise these fees, charges, and interest rates to reflect changes in interest rates on the agency's bonds, losses due to defaults, changes in loan servicing charges, or other expenses related to administration of the residential rehabilitation financing program. The agency may collect interest and principal together with the fees and charges incurred in financing and may contract to pay any person, partnership, association, corporation, or public agency with respect thereto. The agency may hold deeds of trust as security for financing residential rehabilitation and may pledge the same as security for repayment of bonds issued pursuant to this part. The agency may establish the terms and conditions for the financing of residential rehabilitation undertaken pursuant to this act.
The full amount owed on any loan for residential rehabilitation made pursuant to this part shall be due and payable upon sale or other transfer of ownership of the property subject to such rehabilitation, except that assignment of the loan to the buyer or transferee may be permitted in case of hardship, which shall be defined, and procedures established for the determination of their existence in guidelines established by the agency.
Enacted by Chapter 276, 1977 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 7 - Expenditures for services and advisers.

11-25-7.
Expenditures for services and advisers.
The agency may employ engineering, architectural, accounting, collection, or other services, including services in connection with the servicing of loans made to participating parties, as may be necessary in the judgment of the agency for the successful financing of such residential rehabilitation. The agency may pay the reasonable costs of consulting engineers, architects, accountants, and construction experts, if, in the judgment of the agency, such services are necessary to the successful financing of any residential rehabilitation and if the agency is not able to provide such services. The agency may employ and fix the compensation of financing consultants, bond counsel, and other advisers as may be necessary in its judgment to provide for the issuance and sale of any bonds or bond anticipation notes of the agency.
Enacted by Chapter 276, 1977 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 8 - General powers of agency.

11-25-8.
General powers of agency.
In addition to all other powers specifically granted by this part, the agency may do all things necessary or convenient to carry out the purposes of this act.
Enacted by Chapter 276, 1977 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 9 - Bonds payable solely from revenues -- Cities, towns, and counties not obligated.

11-25-9.
Bonds payable solely from revenues -- Cities, towns, and counties not obligated.
Revenues shall be the sole source of funds pledged by the agency for repayment of its bonds. Bonds issued under the provisions of this part may not be deemed to constitute a debt or liability of the agency or a pledge of the faith and credit of the agency but shall be payable solely from revenues. The issuance of bonds may not directly, indirectly, or contingently obligate a city, town or county, or a city or town and county which has designated its governing body as an agency to levy or pledge any form of taxation or to make any appropriation for payment of bonds issued by an agency.
Amended by Chapter 378, 2010 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 10 - Rules and regulations -- Acquisition and disposal of interests in property.

11-25-10.
Rules and regulations -- Acquisition and disposal of interests in property.
All residential rehabilitation shall be constructed or completed subject to the rules and regulations of the agency. An agency may acquire by deed, purchase, lease, contract, gift, devise, or otherwise any real or personal property, structures, rights, rights-of-way, franchises, easements, and other interests in lands necessary or convenient for the financing of residential rehabilitation, upon such terms and conditions as it deems advisable, and may lease, sell, or dispose of the same in such manner as may be necessary or desirable to carry out the objectives and purposes of this act.
Enacted by Chapter 276, 1977 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 11 - Comprehensive financing program ordinance -- Contents.

11-25-11.
Comprehensive financing program ordinance -- Contents.
Prior to the issuance of any bonds or bond anticipation notes of the agency for residential rehabilitation, the agency shall by ordinance adopt a comprehensive residential rehabilitation financing program, including:
(1) Criteria for selection of residential rehabilitation areas by the agency including findings by the agency that:
(a) There are a substantial number of deteriorating structures in the area which do not conform to community standards for decent, safe, sanitary housing.
(b) Financial assistance from the agency for residential rehabilitation is necessary to arrest the deterioration of the area.
(c) Financing of residential rehabilitation in the area is economically feasible. These findings are not required, however, when the residential rehabilitation area is located within the boundaries of a project area covered by an urban renewal project area plan adopted in accordance with Section 17C-2-107.
(2) Procedures for selection of residential rehabilitation areas by the agency including:
(a) Provisions for citizen participation in selection of residential rehabilitation areas.
(b) Provisions for a public hearing by the agency prior to selection of any particular residential rehabilitation area.
(3) A commitment that rehabilitation standards will be enforced on each residence for which financing is provided.
(4) Guidelines for financing residential rehabilitation which shall be subject to the following limitations:
(a) Outstanding loans on the property to be rehabilitated including the amount of the loans for rehabilitation, may not exceed 80% of the anticipated after-rehabilitation value of the property to be rehabilitated, except that the agency may authorize loans of up to 95% of the anticipated after-rehabilitation value of the property if loans are made for the purpose of rehabilitating the property for residential purposes, there is demonstrated need for such higher limit, and there is a high probability that the value of the property will not be impaired during the term of the loan.
(b) The maximum repayment period for residential rehabilitation loans shall be 20 years or 3/4 of the economic life of the property, whichever is less.
(c) The maximum amount loan for rehabilitation for each dwelling unit and for each commercial unit which is, or is part of a "residence" as defined in this chapter, shall be established by resolution of the agency.
Amended by Chapter 378, 2010 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 12 - Equal opportunity requirements.

11-25-12.
Equal opportunity requirements.
The agency shall require that any residence which is rehabilitated with financing obtained under this part shall, until that financing is repaid, be open, upon sale or rental of any portion thereof, to all regardless of race, creed, color, sex, marital status, or national origin. The agency shall also require that contractors and subcontractors engaged in residential rehabilitation financed under this part shall provide equal opportunity for employment, without discrimination as to race, color, creed, sex, marital status, or national origin. All contracts and subcontracts for residential rehabilitation financed under this part shall be let without discrimination as to race, color, creed, sex, marital status, or national origin.
Enacted by Chapter 276, 1977 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 13 - Challenge of program, plan, or area -- Limitation.

11-25-13.
Challenge of program, plan, or area -- Limitation.
Any action challenging the legality of a comprehensive residential rehabilitation financing program, the selection of a residential rehabilitation area, or the adoption of a plan for public improvements for a residential rehabilitation area shall be commenced within 30 days of the publication of the resolution, ordinance, or other proceedings adopting the program or plan, or selecting the area. After this time no one shall have any cause of action to contest the regularity, formality or legality thereof for any cause whatsoever.
Enacted by Chapter 276, 1977 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 14 - Trust to secure bonds -- Contents of agreement or bond resolution -- Indemnity bonds or securities -- Expenses of trust.

11-25-14.
Trust to secure bonds -- Contents of agreement or bond resolution -- Indemnity bonds or securities -- Expenses of trust.
In the discretion of the agency, any bonds issued under the provisions of this part may be secured by a trust agreement by and between the agency and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without this state. The trust agreement or the resolution providing for the issuance of bonds may pledge or assign the revenues to be received or proceeds of any contract or contracts pledged, and may convey or mortgage any residence the rehabilitation of which is to be financed out of the proceeds of the bonds. Such trust agreement or resolution providing for the issuance of bonds may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including such provisions as may be included in any resolution or resolutions of the agency authorizing the issuance of bonds. Any bank or trust company doing business under the laws of this state which may act as depositary of the proceeds of bonds or of revenues or other money may furnish such indemnity bonds or pledge such securities as may be required by the agency. Any trust agreement may set forth the rights and remedies of the bondholders and of the trustee or trustees, and may restrict the individual rights of action by bondholders. In addition to the foregoing, any trust agreement or resolution may contain such other provisions as the agency may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out the provisions of the trust agreement or resolution may be created as a part of the cost of residential rehabilitation.
Enacted by Chapter 276, 1977 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 15 - Proceedings for enforcement of rights of bondholders and trustees.

11-25-15.
Proceedings for enforcement of rights of bondholders and trustees.
Any holder of bonds issued under the provisions of this part or any of the coupons appertaining thereto, and the trustee or trustees appointed pursuant to any resolution authorizing the issuance of the bonds, except to the extent the rights thereof may be restricted by the resolution authorizing the issuance of the bonds, may, either at law or in equity, by suit, action, mandamus, or other proceedings, protect or enforce any and all rights specified in the laws of the state or in the resolution, and may enforce and compel the performance of all duties required by this part or by such resolution to be performed by the agency or by any officer, employee, or agent thereof, including the fixing, charging, and collecting of rates, fees, interest and charges authorized and required by the provisions of the resolution to be fixed, established, and collected.
Enacted by Chapter 276, 1977 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 16 - Refunding bonds -- Issuance -- Proceeds -- Investments.

11-25-16.
Refunding bonds -- Issuance -- Proceeds -- Investments.
(1) The agency may provide for the issuance of the bonds of the agency to:
(a) refund any outstanding bonds of the agency;
(b) pay any redemption premiums and any interest accrued or to accrue to the earliest or subsequent date of redemption, purchase, or maturity of those bonds; and
(c) pay all or any part of the cost of additional residential rehabilitation.
(2) The agency may:
(a) apply the proceeds of bonds issued for the purpose of refunding any outstanding bonds to the purchase or retirement at maturity or redemption of any outstanding bonds, either at their earliest or any subsequent redemption date or upon the purchase or retirement at their maturity; and
(b) pending that application, place them in escrow, to be applied to the purchase or retirement at maturity or redemption on the date determined by the agency.
(3)
(a) Pending use for purchase, retirement at maturity, or redemption of outstanding bonds, any proceeds held in escrow under Subsection (2) shall be invested by following the procedures and requirements of Title 51, Chapter 7, State Money Management Act.
(b) The agency shall apply any interest or other increment earned or realized on an investment to the payment of the outstanding bonds to be refunded.
(c) After the terms of the escrow have been fully satisfied and carried out, any balance of proceeds and any interest or increment earned or realized from the investment of them may be returned to the agency to be used by it for any lawful purpose.
(4) The agency shall invest that portion of the proceeds of any bonds designated for the purpose of paying all or any part of the cost of additional residential rehabilitation under Subsection (1) by following the procedures and requirements of Title 51, Chapter 7, State Money Management Act.
(5) All bonds issued under this section are subject to the provisions of this part in the same manner and to the same extent as other bonds issued under this chapter.
Amended by Chapter 285, 1992 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 17 - Residential rehabilitation bonds as investments or deposits.

11-25-17.
Residential rehabilitation bonds as investments or deposits.
Notwithstanding any other provisions of law, bonds issued pursuant to this part shall be legal investments for all trust funds, the funds of insurance companies, savings and loan associations, investment companies and banks, both savings and commercial, and shall be legal investments for executors, administrators, trustees, and all other fiduciaries. The bonds shall be legal investments for state school funds and for any fund which may be invested in county, municipal, or school district bonds, and the bonds shall be deemed to be securities which may properly and legally be deposited with, and received by, any state or municipal officer or by any agency or political subdivision of the state for any purpose for which the deposit of bonds or obligations of the state is now, or may hereafter be, authorized by law, including deposits to secure public funds.
Enacted by Chapter 276, 1977 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 18 - Financing provided to participating parties -- Agreements -- Contents.

11-25-18.
Financing provided to participating parties -- Agreements -- Contents.
The agency may provide financing to any participating party for the purpose of residential rehabilitation authorized pursuant to a comprehensive residential rehabilitation financing program. All agreements for this financing shall provide that the design of the residential rehabilitation shall be subject to such standards as may be established by the agency and that the work of such residential rehabilitation shall be subject to such supervision as the agency deems necessary.
Enacted by Chapter 276, 1977 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 20 - Money received as trust funds -- Depository as trustee.

11-25-20.
Money received as trust funds -- Depository as trustee.
All money received pursuant to the provisions of this part, whether proceeds from the sale of bonds or revenues, shall be deemed to be trust funds to be held and applied solely as provided in this part. Any bank or trust company in which the money is deposited shall act as trustee of the money and shall hold and apply the same for the purposes specified in this part, subject to the terms of the resolution authorizing the bonds.
Amended by Chapter 342, 2011 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 25 - Utah Residential Rehabilitation Act › Section 21 - Act deemed supplemental to other laws -- Compliance in issuing bonds sufficient.

11-25-21.
Act deemed supplemental to other laws -- Compliance in issuing bonds sufficient.
This act shall be deemed to provide a complete, additional, and alternative method for doing the things authorized thereby, and shall be regarded as supplemental and additional to the powers conferred upon an agency by other laws. The issuance of bonds and refunding bonds under the provisions of this part need not comply with the requirements of any other law applicable to the issuance of bonds.
Enacted by Chapter 276, 1977 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 26 - Limitations on Local Taxes and Fees › Part 1 - General Provisions › Section 101 - Title.

Effective 5/8/2018
11-26-101.
Title.
This chapter is known as "Limitations on Local Taxes and Fees on Utilities."
Enacted by Chapter 283, 2018 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 26 - Limitations on Local Taxes and Fees › Part 2 - Local Charges on a Public Service Provider › Section 201 - Definitions -- Ceiling on local charges based on gross revenue of public service provider.

Effective 5/8/2018
11-26-201.
Definitions -- Ceiling on local charges based on gross revenue of public service provider.
(1) As used in this part:
(a) "Local charge" means one or more of the following charges paid by a public service provider to a county or municipality:
(i) a tax;
(ii) a license;
(iii) a fee;
(iv) a license fee;
(v) a license tax; or
(vi) a charge similar to Subsections (1)(a)(i) through (v).
(b) "Municipality" means:
(i) a city; or
(ii) a town.
(c) "Public service provider" means a person engaged in the business of supplying taxable energy as defined in Section 10-1-303.
(2) A county or a municipality may not impose upon, charge, or collect from a public service provider local charges:
(a) imposed on the basis of the gross revenue of the public service provider;
(b) derived from sales, use, or both sales and use of the service within the county or municipality; and
(c) in a total amount that is greater than 6% of gross revenue.
(3) The determination of gross revenue under this section may not include:
(a) the sale of gas or electricity as special fuel for motor vehicles; or
(b) a local charge.
(4) This section may not be construed to:
(a) affect or limit the power of a county or a municipality to impose sales and use taxes under:
(i)Title 59, Chapter 12, Sales and Use Tax Act; or
(ii)Title 10, Chapter 1, Part 3, Municipal Energy Sales and Use Tax Act; or
(b) grant any county or municipality the power to impose a local charge not otherwise provided for by law.
(5) This section takes precedence over any conflicting provision of law.
Renumbered and Amended by Chapter 283, 2018 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 26 - Limitations on Local Taxes and Fees › Part 2 - Local Charges on a Public Service Provider › Section 202 - Exemption of municipality from taxation limitation.

Effective 5/8/2018
11-26-202.
Exemption of municipality from taxation limitation.
A municipality is exempt from this limit by a majority vote of the municipality's voters who vote in a municipal election.
Renumbered and Amended by Chapter 283, 2018 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 26 - Limitations on Local Taxes and Fees › Part 3 - Transportation Utility Fee › Section 301 - Definitions -- Prohibition on imposition of transportation utility fee.

Effective 5/12/2020
11-26-301.
Definitions -- Prohibition on imposition of transportation utility fee.
(1) As used in this section:
(a)
(i) "Legal subdivision" means a local government that is recognized by Utah Constitution, Article XI.
(ii) "Legal subdivision" does not include a local government that Utah Constitution, Article XI, only authorizes the Legislature to create.
(b) "Municipality" means the same as that term is defined in Section 10-1-104.
(c) "Transportation utility fee" means an ongoing, regular fee imposed:
(i) by a municipality for the purpose of maintaining public roads; and
(ii) on utility customers within the municipality.
(2) A municipality may not impose a transportation utility fee on a legal subdivision.
(3) This section does not grant to a municipality any authority not otherwise provided for by law to impose a transportation utility fee.
Amended by Chapter 391, 2020 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 26 - Limitations on Local Taxes and Fees › Part 4 - Car Sharing Taxes, Fees, and Charges › Section 401 - Definitions -- Prohibition on car sharing program taxes, fees, and other charges.

Effective 7/1/2023
11-26-401.
Definitions -- Prohibition on car sharing program taxes, fees, and other charges.
(1) As used in this part:
(a) "Car sharing" means the same as that term is defined in Section 13-48a-101.
(b) "County" means the same as that term is defined in Section 17-50-101.
(c) "Municipality" means a city or a town.
(d) "Political subdivision" means the same as that term is defined in Section 11-14-102.
(e) "Rental" means the same as the terms "lease" or "rental" are defined in Section 59-12-102.
(2) A county, municipality, or other political subdivision may not impose a tax, fee, or charge on the gross proceeds or gross income of a car sharing transaction that the jurisdiction does not impose on other transactions involving the rental of a motor vehicle without a driver.
Enacted by Chapter 361, 2023 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 27 - Utah Refunding Bond Act › Section 1 - Short title -- Recital of authority required on face of bonds.

11-27-1.
Short title -- Recital of authority required on face of bonds.
This chapter shall be known and may be cited as the "Utah Refunding Bond Act." All bonds issued under the authority provided for in this chapter shall contain on their face a recital to that effect.
Enacted by Chapter 43, 1981 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 27 - Utah Refunding Bond Act › Section 4 - Publication of resolution -- Notice of bond issue -- Contest of resolution or proceeding.

Effective 5/3/2023
11-27-4.
Publication of resolution -- Notice of bond issue -- Contest of resolution or proceeding.
(1) The governing body of any public body may provide for the publication of any resolution or other proceeding adopted by it under this chapter:
(a) for the public body, as a class A notice under Section 63G-30-102, for at least seven days; and
(b) as required in Section 45-1-101.
(2) In case of a resolution or other proceeding providing for the issuance of refunding bonds (or for a combined issue of refunding bonds and bonds issued for any other purpose), the governing body may, instead of publishing the entire resolution or other proceeding, publish a notice of bonds to be issued, entitled accordingly, and containing:
(a) the name of the issuer;
(b) the purposes of the issue;
(c) the maximum principal amount which may be issued;
(d) the maximum number of years over which the bonds may mature;
(e) the maximum interest rate which the bonds may bear;
(f) the maximum discount from par, expressed as a percentage of principal amount, at which the bonds may be sold;
(g) a general description of the security pledged for repayment of the bonds; and
(h) the times and place where a copy of the resolution or other proceeding authorizing the issuance of the bonds may be examined, which shall be at an office of the governing body identified in the notice, during regular business hours of the governing body as described in the notice and for a period of at least 30 days after the publication of the notice.
(3) For a period of 30 days after the publication, any person in interest shall have the right to contest the legality of the resolution or proceeding or any bonds which may be so authorized or any provisions made for the security and payment of these bonds; and after this time no person shall have any cause of action to contest the regularity, formality, or legality thereof for any cause.
Amended by Chapter 435, 2023 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 27 - Utah Refunding Bond Act › Section 5 - Negotiability of bonds -- Intent and construction of chapter -- Budget for payment of bonds -- Proceedings limited to those required by chapter -- Notice -- No election required -- Application of chapter.

Effective 5/3/2023
11-27-5.
Negotiability of bonds -- Intent and construction of chapter -- Budget for payment of bonds -- Proceedings limited to those required by chapter -- Notice -- No election required -- Application of chapter.
(1) Refunding bonds shall have all the qualities of negotiable paper, shall be incontestable in the hands of bona fide purchasers or holders for value, and are not invalid for any irregularity or defect in the proceedings for their issuance and sale. This chapter is intended to afford an alternative method for the issuance of refunding bonds by public bodies and may not be construed to deprive any public body of the right to issue bonds for refunding purposes under authority of any other statute, but this chapter, nevertheless, shall constitute full authority for the issue and sale of refunding bonds by public bodies. Section 11-1-1, however, is not applicable to refunding bonds.
(2) Any public body subject to any budget law shall in its annual budget make proper provision for the payment of principal and interest currently falling due on refunding bonds, but no provision need be made in the budget prior to the issuance of the refunding bonds for their issuance or for the expenditure of the proceeds from them.
(3)
(a) No ordinance, resolution, or proceeding concerning the issuance of refunding bonds nor the publication of any resolution, proceeding, or notice relating to the issuance of the refunding bonds shall be necessary except as specifically required by this chapter.
(b) A publication made under this chapter may be made:
(i) for the public body, as a class A notice under Section 63G-30-102; and
(ii) as required in Section 45-1-101.
(4) No resolution adopted or proceeding taken under this chapter shall be subject to any referendum petition or to an election other than as required by this chapter. All proceedings adopted under this chapter may be adopted on a single reading at any legally-convened meeting of the governing body. This chapter shall apply to all bonds issued and outstanding at the time this chapter takes effect as well as to bonds issued after this chapter takes effect.
Amended by Chapter 435, 2023 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 27 - Utah Refunding Bond Act › Section 6 - Bonds and interest exempt from taxation except corporate franchise tax.

11-27-6.
Bonds and interest exempt from taxation except corporate franchise tax.
All refunding bonds, and interest accruing on them, shall be exempt from all taxation in this state, except for the corporate franchise tax.
Amended by Chapter 61, 1984 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 27 - Utah Refunding Bond Act › Section 7 - Chapter inapplicable to anticipation bonds and obligations.

11-27-7.
Chapter inapplicable to anticipation bonds and obligations.
This chapter does not apply to bonds or obligations issued in anticipation of the collection of taxes where the entire issue matures not later than one year from the date of the issue.
Amended by Chapter 142, 1987 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 27 - Utah Refunding Bond Act › Section 8 - Chapter controlling in conflict of laws.

11-27-8.
Chapter controlling in conflict of laws.
To the extent that provisions of this chapter shall be in conflict with any other law or laws, the provisions of this chapter shall be controlling.
Enacted by Chapter 43, 1981 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 27 - Utah Refunding Bond Act › Section 9 - Prerequisites to issuance of state general obligation refunding bonds.

Effective 5/12/2015
11-27-9.
Prerequisites to issuance of state general obligation refunding bonds.
No general obligation refunding bonds of the state may be issued under this chapter, unless:
(1) the tax provided in Section 11-27-3.5 is sufficient to pay annual interest and to pay the principal of the refunding bonds within 20 years from the final passage of the law authorizing the bonds to be refunded thereby; or
(2) the legislature has approved the issuance of general obligation refunding bonds and provided for levying a tax annually, sufficient to pay the annual interest and to pay the principal of the general obligation refunding bonds within 20 years from the final passage of the law approving the refunding bonds as provided in Article XIII, Sec. 2(11), Utah Constitution.
Amended by Chapter 258, 2015 General Session
2023 Utah Code › Title 11 - Cities, Counties, and Local Taxing Units › Chapter 27 - Utah Refunding Bond Act › Section 10 - Legal investment status of refunding bonds.

11-27-10.
Legal investment status of refunding bonds.
Refunding 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 6, 1984 General Session