reglab/statecodes huggingface dataset:
2023 Utah Code › Title 63B - Bonds › Chapter 11 - 2002 Bonding and Financing Authorizations › Part 5 - 2002 Highway General Obligation Bonds for Salt Lake County › Section 517 - Report to Legislature.

63B-11-517.
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.
Enacted by Chapter 266, 2002 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 11 - 2002 Bonding and Financing Authorizations › Part 6 - 2002 Highway General Obligation Bond Anticipation Notes for Salt Lake County › Section 601 - Definitions.

63B-11-601.
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 5, 2002 Highway General Obligation Bonds for Salt Lake County.
(2) "Flexible note" means a bond anticipation note whose interest is payable at, and on one or more dates before, maturity.
(3)
(a) "Short-term series note" means a bond anticipation note that is one of a series of notes issued pursuant to a financing program under which it is expected that:
(i) each note will be paid from the proceeds of one or more renewal notes of that series; and
(ii) the final note or notes of the series will be paid from:
(A) the proceeds of bonds in anticipation of the receipt of which the note or notes were issued; or
(B) money of the state on hand and legally available for that purpose.
(b) "Short-term series note" includes any note issued pursuant to a revolving credit agreement or other similar liquidity facility for the purpose of renewing or paying outstanding short-term series notes on their stated maturity dates when those short-term series notes are not renewed or paid from the proceeds of one or more other renewal notes of the series.
Enacted by Chapter 266, 2002 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 11 - 2002 Bonding and Financing Authorizations › Part 6 - 2002 Highway General Obligation Bond Anticipation Notes for Salt Lake County › Section 603 - Purchase and redemption requirements.

63B-11-603.
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 notes or renewals.
(2) Notwithstanding Subsection (1), the holders of the notes and renewals of notes may not be provided with the right to require the state to repurchase or redeem the notes and renewals of the notes before their stated maturity unless the state has entered into one or more letter of credit agreements or other liquidity facility agreements:
(a) for the express purpose of those sales;
(b) that require a financially responsible party or parties to the agreement or agreements, other than the state, to purchase or redeem all or any portion of the notes and renewals of notes tendered by the holders of the notes or renewals of notes for repurchase or redemption before the stated maturity of the notes and renewals of notes; and
(c) that continue until the right of the holders of the notes and renewals of notes to require repurchase or redemption of the notes and renewals of notes before the stated maturity has ceased.
Enacted by Chapter 266, 2002 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 11 - 2002 Bonding and Financing Authorizations › Part 6 - 2002 Highway General Obligation Bond Anticipation Notes for Salt Lake County › Section 604 - General provisions -- Funds and accounts.

63B-11-604.
General provisions -- Funds and accounts.
(1)
(a) Sections 63B-11-505, 63B-11-506, 63B-11-513, 63B-11-514, 63B-11-515, and 63B-11-516 apply to any notes or renewals of notes issued under this part.
(b)
(i) For purposes of this part, any action that those sections require or permit the commission to take shall be considered sufficient if taken by the state treasurer.
(ii) The treasurer may take action by issuing a written order, or in some other manner that he finds necessary or convenient, to accomplish the purposes of this part.
(2) The treasurer may:
(a) in a written order, establish whatever funds and accounts are necessary or desirable to carry out the purposes of this part; and
(b) until the money is needed for the purpose for which the fund or account was created, invest the money held in those funds and accounts by following the procedures and requirements of Title 51, Chapter 7, State Money Management Act.
Amended by Chapter 342, 2011 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 12 - 2003 Bonding and Financing Authorizations › Part 1 - 2003 General Obligation Bonds › Section 102 - Highway bonds -- Maximum amount -- Projects authorized.

63B-12-102.
Highway bonds -- Maximum amount -- Projects authorized.
(1) The total amount of bonds issued under this part may not exceed $109,500,000.
(2)
(a) 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 state highway construction or reconstruction projects.
(b) These costs may include the cost of acquiring land, interests in land, easements and rights-of-way, improving sites, and making all improvements necessary, incidental, or convenient to the facilities, interest estimated to accrue on these bonds during the period to be covered by construction of the projects plus a period of six months after the end of the construction period, interest estimated to accrue on any bond anticipation notes issued under the authority of this title, and all related engineering, architectural, and legal fees.
(3) The commission or the state treasurer may make any statement of intent relating to a reimbursement that is necessary or desirable to comply with federal tax law.
(4) The Department of Transportation may enter into agreements related to that project before the receipt of proceeds of bonds issued under this chapter.
Enacted by Chapter 302, 2003 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 12 - 2003 Bonding and Financing Authorizations › Part 2 - 2003 Revenue Bond Authorizations › Section 201 - Revenue bond authorizations.

63B-12-201.
Revenue bond authorizations.
(1)
(a) It is the intent of the Legislature that the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease purchase agreement in which participation interests may be created, to provide up to $14,099,000 for the construction of a state courthouse in the City of West Jordan together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements.
(b) It is the intent of the Legislature that, before entering into the obligations authorized by this Subsection (1), the State Building Ownership Authority shall confirm that the projected amount of fees in the Courts Complex Fund, Fund 106, along with other funds in existing budgets of the courts are adequate to cover the repayment of any obligation created under authority of this Subsection (1).
(c) It is further the intent of the Legislature that when Sandy City has entered into a binding agreement with the Division of Facilities Construction and Management to purchase the existing Sandy Courthouse at an amount that will provide sale proceeds, net of any rent that may be charged to the courts for occupying the Sandy Courthouse during construction of the new courthouse, of not less than $4,500,000, those proceeds may be used to include replacement space for the district court in the new courthouse.
(2)
(a) It is the intent of the Legislature that the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, issue or execute obligations, or enter into or arrange for a lease purchase agreement in which participation interests may be created, to provide up to $1,242,000 for the construction of a driver license office in West Valley City, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements.
(b) It is further the intent of the Legislature that fees for driver licenses be used as the primary revenue source for repayment of any obligation created under authority of this Subsection (2).
Amended by Chapter 382, 2008 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 13 - 2004 Bonding and Financing Authorizations › Part 1 - 2004 General Obligation Bonds › Section 102 - Highway bonds -- Maximum amount -- Projects authorized.

63B-13-102.
Highway bonds -- Maximum amount -- Projects authorized.
(1) The total amount of bonds issued under this part may not exceed $50,000,000.
(2)
(a) 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 state highway construction or reconstruction projects.
(b) These costs may include the cost of acquiring land, interests in land, easements and rights-of-way, improving sites, and making all improvements necessary, incidental, or convenient to the facilities, interest estimated to accrue on these bonds during the period to be covered by construction of the projects plus a period of six months after the end of the construction period, interest estimated to accrue on any bond anticipation notes issued under the authority of this title, and all related engineering, architectural, and legal fees.
(3) The commission or the state treasurer may make any statement of intent relating to a reimbursement that is necessary or desirable to comply with federal tax law.
(4) The Department of Transportation may enter into agreements related to projects before the receipt of proceeds of bonds issued under this chapter.
Enacted by Chapter 308, 2004 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 13 - 2004 Bonding and Financing Authorizations › Part 3 - 2004 Lease-Purchase Authorizations › Section 301 - Lease-purchase authorizations.

Effective 5/3/2023
63B-13-301.
Lease-purchase authorizations.
(1) It is the intent of the Legislature that the Mountainland Applied Technology Campus of the Utah College of Applied Technology may use existing funds to enter into a lease-purchase agreement with Alpine School District for the acquisition of the Pacific Avenue Applied Technology Facility costing up to $2,900,000.
(2) It is further the intent of the Legislature that a lease may not be executed until the Division of Facilities Construction and Management has determined that the lease-purchase option is less costly to the state than the current lease.
Amended by Chapter 369, 2023 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 14 - 2005 Financing Authorizations › Part 2 - 2005 Revenue Bond Authorizations › Section 201 - Revenue bond authorizations -- State Building Ownership Authority.

Effective 6/1/2022
63B-14-201.
Revenue bond authorizations -- State Building Ownership Authority.
(1) It is the intent of the Legislature that the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $7,867,000 for the acquisition and construction of three stores for the Department of Alcoholic Beverage Services, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements.
(2) It is the intent of the Legislature that the stores to be addressed through this authorization are:
(a) a new wine store in the downtown Salt Lake City area;
(b) a new store in Washington County; and
(c) a new store in southwest Salt Lake County.
(3) It is the intent of the Legislature that:
(a) increased sales revenues be used as the primary revenue source for repayment of any obligation created under authority of this subsection; and
(b) the Department of Alcoholic Beverage Services may request operation and maintenance funding from sales revenues.
Amended by Chapter 447, 2022 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 14 - 2005 Financing Authorizations › Part 2 - 2005 Revenue Bond Authorizations › Section 202 - Revenue bond authorizations -- Board of Regents.

63B-14-202.
Revenue bond authorizations -- Board of Regents.
(1) It is the intent of the Legislature that:
(a) the Board of Regents, on behalf of the University of Utah, may issue, sell, and deliver revenue bonds or other evidences of indebtedness of the University of Utah to borrow money on the credit, revenues, and reserves of the University of Utah, other than appropriations of the Legislature, to finance the cost of acquiring, constructing, furnishing, and equipping a west wing, two levels to the Eccles Critical Care Pavilion, and parking expansion at the University Hospital;
(b) hospital revenues be used as the primary revenue source for repayment of any obligation created under authority of this Subsection (1);
(c) the bonds or other evidences of indebtedness authorized by this Subsection (1) may provide up to $90,000,000, together with other amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(d) funds from the University Hospital Foundation, hospital operations, and other institutional funds be used to fund the balance of the project costs;
(e) the University of Utah may plan, design, and construct a west wing and parking expansion at the University Hospital under the direction of the director of the Division of Facilities Construction and Management unless supervisory authority has been delegated; and
(f) the university may not request state funds for operations and maintenance.
(2) It is the intent of the Legislature that:
(a) the Board of Regents, on behalf of Weber State University, may issue, sell, and deliver revenue bonds or other evidences of indebtedness of Weber State University to borrow money on the credit, revenues, and reserves of Weber State University, other than appropriations of the Legislature, to finance the cost of renovating the Shepherd Union Building;
(b) student fees be used as the primary revenue source for repayment of any obligation created under authority of this Subsection (2);
(c) the bonds or other evidences of indebtedness authorized by this Subsection (2) may provide up to $20,000,000, together with other amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(d) Weber State University may plan, design, and renovate the Shepherd Union Building under the direction of the director of the Division of Facilities Construction and Management unless supervisory authority has been delegated; and
(e) the university may not request state funds for operations and maintenance.
Amended by Chapter 169, 2006 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 14 - 2005 Financing Authorizations › Part 3 - 2005 Lease-Purchase Authorizations › Section 301 - Lease-purchase authorizations.

63B-14-301.
Lease-purchase authorizations.
It is the intent of the Legislature that the Mountainland Applied Technology Campus of the Utah College of Applied Technology may use existing funds to enter into a lease-purchase agreement for the development of an applied technology facility in Spanish Fork costing up to $3,250,000.
Enacted by Chapter 180, 2005 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 15 - 2006 Financing Authorizations › Part 2 - 2006 Revenue Bond Authorizations › Section 201 - Revenue bond authorizations -- State Building Ownership Authority.

Effective 6/1/2022
63B-15-201.
Revenue bond authorizations -- State Building Ownership Authority.
(1) It is the intent of the Legislature that the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $7,371,000 for the acquisition and construction of three stores for the Department of Alcoholic Beverage Services, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements.
(2) It is the intent of the Legislature that the stores to be addressed through this authorization are:
(a) a new store in the Holladay/Cottonwood area of Salt Lake County;
(b) expansion and remodel of the Kimball Junction store in Summit County; and
(c) expansion and remodel of the Redwood Road store in Salt Lake County.
(3) It is the intent of the Legislature that:
(a) increased sales revenues be used as the primary revenue source for repayment of any obligation created under authority of this section; and
(b) the Department of Alcoholic Beverage Services may request operation and maintenance funding from sales revenues.
Amended by Chapter 447, 2022 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 15 - 2006 Financing Authorizations › Part 2 - 2006 Revenue Bond Authorizations › Section 202 - Revenue bond authorizations -- Board of Regents.

63B-15-202.
Revenue bond authorizations -- Board of Regents.
It is the intent of the Legislature that:
(1) the Board of Regents, on behalf of Dixie State College, may issue, sell, and deliver revenue bonds or other evidences of indebtedness of Dixie State College to borrow money on the credit, revenues, and reserves of Dixie State College, other than appropriations of the Legislature, to finance the cost of acquiring the Abby Apartment complex;
(2) housing rental fees be used as the primary revenue source for repayment of any obligation created under authority of this section;
(3) the bonds or other evidences of indebtedness authorized by this section may provide up to $1,275,000, together with other amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements; and
(4) the college may not request state funds for operations and maintenance.
Enacted by Chapter 169, 2006 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 15 - 2006 Financing Authorizations › Part 3 - Capital Facility Constructions Authorizations › Section 301 - Authorizations to construct capital facilities using institutional or agency funds.

63B-15-301.
Authorizations to construct capital facilities using institutional or agency funds.
(1) It is the intent of the Legislature that:
(a) the University of Utah may use donations and other institutional funds to plan, design, and construct an addition to and remodel of the David Eccles School of Business facilities under the direction of the director of the Division of Facilities Construction and Management unless supervisory authority has been delegated;
(b) no state funds be used for any portion of this project; and
(c) the university may request state funds for operations and maintenance to the extent that the university is able to demonstrate to the Board of Regents that the facility meets approved academic and training purposes under Board of Regents policy R710.
(2) It is the intent of the Legislature that:
(a) Snow College may use donations and other institutional funds to plan, design, and construct a Traditional Building Skills Institute facility under the direction of the director of the Division of Facilities Construction and Management unless supervisory authority has been delegated;
(b) no state funds be used for any portion of this project; and
(c) the college may request state funds for operations and maintenance to the extent that the college is able to demonstrate to the Board of Regents that the facility meets approved academic and training purposes under Board of Regents policy R710.
(3) It is the intent of the Legislature that:
(a) the Utah National Guard may use federal funds to plan, design, and construct Building #4 for the Joint Logistics Training Center under the direction of the director of the Division of Facilities Construction and Management unless supervisory authority has been delegated;
(b) no state funds be used for any portion of this project; and
(c) the National Guard may not request state funds for operations and maintenance.
Enacted by Chapter 169, 2006 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 16 - 2007 Bonding and Financing Authorizations › Part 1 - 2007 General Obligation Bond Authorizations › Section 101 - Highway bonds -- Maximum amount -- Use of proceeds for highway projects.

63B-16-101.
Highway bonds -- Maximum amount -- Use of proceeds for highway projects.
(1)
(a) The total amount of bonds issued under this section may not exceed $1,145,000,000.
(b) When the Department of Transportation certifies to the commission that the requirements of Subsection 72-2-125(4)(e) have been met and certifies the amount of bond proceeds that it needs to provide funding for projects on the project list for the next fiscal year, the commission may issue and sell general obligation bonds in an amount equal to the certified amount plus costs of issuance.
(2)
(a) Proceeds from the issuance of bonds shall be provided to the Department of Transportation to pay all or part of the costs of state highway construction or reconstruction projects that are included in the project list established and prioritized in accordance with Subsection 72-2-125(4).
(b) The costs under Subsection (2)(a) may include the cost of acquiring land, interests in land, easements and rights-of-way, improving sites, and making all improvements necessary, incidental, or convenient to the facilities, interest estimated to accrue on these bonds during the period to be covered by construction of the projects plus a period of six months after the end of the construction period, interest estimated to accrue on any bond anticipation notes issued under the authority of this title, and all related engineering, architectural, and legal fees.
(3) The commission or the state treasurer may make any statement of intent relating to a reimbursement that is necessary or desirable to comply with federal tax law.
(4) The Department of Transportation may enter into agreements related to projects before the receipt of proceeds of bonds issued under this chapter.
Amended by Chapter 389, 2013 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 16 - 2007 Bonding and Financing Authorizations › Part 2 - 2007 Revenue Bond Authorizations › Section 201 - Revenue bond authorizations -- State Building Ownership Authority.

Effective 6/1/2022
63B-16-201.
Revenue bond authorizations -- State Building Ownership Authority.
(1) It is the intent of the Legislature that:
(a) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $5,662,000 for the acquisition and construction of three stores for the Department of Alcoholic Beverage Services, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(b) the stores to be addressed through this authorization are:
(i) expansion of the North Temple store in Salt Lake County;
(ii) expansion of the Taylorsville store in Salt Lake County; and
(iii) reconstruction of the Bountiful store in Davis County;
(c) increased sales revenues be used as the primary revenue source for repayment of any obligation created under authority of this section; and
(d) the Department of Alcoholic Beverage Services may request operation and maintenance funding from sales revenues.
(2) It is the intent of the Legislature that:
(a) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $1,476,000 for the acquisition and construction of a production warehouse for Utah Correctional Industries, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(b) Utah Correctional Industries' revenues be used as the primary revenue source for repayment of any obligation created under authority of this section;
(c) Utah Correctional Industries may plan, design, and construct the production warehouse subject to requirements in Section 63A-5b-604; and
(d) Utah Correctional Industries may not request state funds for operation and maintenance costs or capital improvements.
Amended by Chapter 447, 2022 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 16 - 2007 Bonding and Financing Authorizations › Part 2 - 2007 Revenue Bond Authorizations › Section 202 - Revenue bond authorizations -- Board of Regents.

Effective 5/12/2020
63B-16-202.
Revenue bond authorizations -- Board of Regents.
(1) It is the intent of the Legislature that:
(a) when the University of Utah certifies to the Board of Regents that the university has obtained reliable commitments, convertible to cash, of $10,000,000 or more in nonstate funds to construct an on-campus student life center, the Board of Regents, on behalf of the University of Utah, may issue, sell, and deliver revenue bonds or other evidences of indebtedness of the University of Utah to borrow money on the credit, revenues, and reserves of the University of Utah, other than appropriations from the Legislature, to finance the cost of constructing an on-campus student life center;
(b) student recreation fees and non-student fees be used as the primary revenue source for repayment of any obligation created under authority of this section;
(c) the University of Utah may increase student recreation fees to not more than $60 per semester for not more than 20 years, and use those revenues, together with the $15,000,000 collected under Subsection (1)(a), to service the student life center revenue bond debt;
(d) the bonds or other evidences of indebtedness authorized by this section may provide up to $42,500,000, together with other amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(e) the University of Utah may plan, design, and construct the on-campus student life center subject to requirements in Section 63A-5b-604; and
(f) the university may not request state funds for operation and maintenance costs or capital improvements.
(2) It is the intent of the Legislature that:
(a) the Board of Regents, on behalf of Southern Utah University, may issue, sell, and deliver revenue bonds or other evidences of indebtedness of Southern Utah University to borrow money on the credit, revenues, and reserves of Southern Utah University, other than appropriations of the Legislature, to finance the cost of constructing on-campus student dormitories;
(b) student housing rental fees be used as the primary revenue source for repayment of any obligation created under authority of this section;
(c) the bonds or other evidences of indebtedness authorized by this section may provide up to $17,500,000, together with other amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(d) Southern Utah University may plan, design, and construct the on-campus student dormitories subject to requirements in Section 63A-5b-604; and
(e) the university may not request state funds for operation and maintenance costs or capital improvements.
Amended by Chapter 152, 2020 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 16 - 2007 Bonding and Financing Authorizations › Part 3 - 2007 Capital Facility Construction Authorizations › Section 301 - Authorizations to construct capital facilities using institutional or agency funds.

Effective 5/12/2020
63B-16-301.
Authorizations to construct capital facilities using institutional or agency funds.
(1) It is the intent of the Legislature that:
(a) Utah State University may, subject to requirements in Section 63A-5b-604, plan, design, and construct a classroom building funded and owned by Tooele County on the university's Tooele campus;
(b) no state funds be used for any portion of this project, including for future purchase or otherwise acquiring the building from Tooele County;
(c) the university may not request state funds for operation and maintenance costs or capital improvements while the building is not owned by the university; and
(d) the university may request state funds for operations and maintenance costs and capital improvements if the building is donated to the university and if the university is able to demonstrate to the Board of Regents that the facility meets approved academic and training purposes under Board of Regents policy R710.
(2) It is the intent of the Legislature that:
(a) Weber State University may, subject to requirements in Section 63A-5b-604, use donations and other institutional funds to plan, design, and construct a Lifelong Learning Center;
(b) no state funds be used for any portion of this project; and
(c) the university may request state funds for operations and maintenance costs and capital improvements to the extent that the university is able to demonstrate to the Board of Regents that the facility meets approved academic and training purposes under Board of Regents policy R710.
(3) It is the intent of the Legislature that:
(a) Salt Lake Community College may, subject to requirements in Section 63A-5b-604, use institutional funds to plan, design, and construct a Facilities/Security/Parking Services Building;
(b) no state funds be used for any portion of this project; and
(c) the college may request state funds for operations and maintenance costs and capital improvements to the extent that the college is able to demonstrate to the Board of Regents that the facility meets approved academic and training purposes under Board of Regents policy R710.
Amended by Chapter 152, 2020 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 16 - 2007 Bonding and Financing Authorizations › Part 4 - 2007 Property Acquisition, Sale, Lease, and Exchange Authorizations › Section 401 - Authorizations to acquire, sell, lease, or exchange property.

Effective 5/3/2023
63B-16-401.
Authorizations to acquire, sell, lease, or exchange property.
(1) It is the intent of the Legislature that:
(a) the Southeast Applied Technology Campus of the Utah College of Applied Technology and Utah State University Eastern may cooperatively enter into negotiations with a nonstate entity and complete a real property exchange to acquire an applied technology facility in Price;
(b) no state funds be used for any portion of this project; and
(c) the college may request state funds for operations and maintenance costs and capital improvements to the extent that the college is able to demonstrate to the Board of Regents that the facility meets approved academic and training purposes under Board of Regents policy R710.
(2) It is the intent of the Legislature that:
(a) the Mountainland Applied Technology Campus of the Utah College of Applied Technology may exercise its option to purchase additional property in northern Utah County adjacent to property purchased with the appropriation in Chapter 367, Item 41, Laws of Utah 2006;
(b) the purchase be financed through donations, institutional funds, a land exchange involving Lehi City and the Utah Transit Authority, or some combination of donations, institutional funds, and a land exchange involving Lehi City and the Utah Transit Authority for future development of a commuter rail station;
(c) the purchase be conducted under the direction of the director of the Division of Facilities Construction and Management; and
(d) no state funds be used for any portion of this purchase.
(3) It is the intent of the Legislature that:
(a) the Department of Human Services Complex located at 120 North 200 West, Salt Lake City, Utah be sold for $11,000,000;
(b) that the proceeds from the sale be used to:
(i) payoff the outstanding bond on the Human Services Complex;
(ii) purchase the Brigham Young University Salt Lake Center located at 3760 South Highland Drive, Salt Lake City, Utah for up to $6,000,000 for occupancy by the Utah State Board of Education Schools for the Deaf and Blind; and
(iii) the remaining funds be used to remodel the Salt Lake Center; and
(c) the Division of Facilities Construction and Management enter into a lease with the buyer of the Human Services Complex for and on behalf of the Department of Health and Human Services that allows the Department of Health and Human Services to continue to occupy the complex for the period of time needed for the state to purchase, construct, or lease a replacement facility for the Department of Health and Human Services.
Amended by Chapter 329, 2023 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 17 - 2008 Bonding and Financing Authorizations › Part 2 - 2008 Revenue Bond Authorizations › Section 201 - Revenue bond authorizations -- State Building Ownership Authority.

Effective 6/1/2022
63B-17-201.
Revenue bond authorizations -- State Building Ownership Authority.
(1) The Legislature intends that:
(a) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease purchase agreement in which participation interests may be created, to provide up to $90,000,000 for the acquisition and construction of phase II-B of a cancer clinical research hospital facility adjacent to the University of Utah Medical Center, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(b) the University of Utah use institutional funds as the primary revenue source for repayment of any obligation created under authority of this section;
(c) the university may plan, design, and construct phase II-B of a cancer clinical research hospital facility subject to the requirements of Section 63A-5b-604; and
(d) the university may not request state funds for operation and maintenance costs or capital improvements.
(2) The Legislature intends that:
(a) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $23,700,000 for the acquisition and construction of five stores for the Department of Alcoholic Beverage Services, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(b) the stores to be addressed through this authorization are:
(i) the replacement of a liquor store in Cedar City;
(ii) a new Utah County North liquor store;
(iii) a new Utah County South liquor store;
(iv) a new Washington County South liquor store; and
(v) a new Wasatch County Heber/Midway liquor store;
(c) the Department of Alcoholic Beverage Services use increased sales revenues as the primary revenue source for repayment of any obligation created under authority of this section; and
(d) the Department of Alcoholic Beverage Services may request operation and maintenance funding from sales revenues.
Amended by Chapter 447, 2022 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 17 - 2008 Bonding and Financing Authorizations › Part 3 - 2008 Capital Facility Construction and Capital Facility Accounting Authorizations › Section 302 - Capital facility accounting authorizations.

63B-17-302.
Capital facility accounting authorizations.
The Legislature intends that Utah State University transfer $225,000 from its Capital Contingency Reserve Fund for State Funded Projects into its Capital Project Reserve Fund.
Enacted by Chapter 128, 2008 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 17 - 2008 Bonding and Financing Authorizations › Part 4 - 2008 Property Acquisition Authorizations › Section 401 - Authorizations to acquire or exchange property.

Effective 5/3/2023
63B-17-401.
Authorizations to acquire or exchange property.
The Legislature intends that:
(1) the Division of Facilities Construction and Management, acting on behalf of the Department of Natural Resources, may enter into a lease purchase agreement with Uintah County to provide needed space for agency programs in the area;
(2) the agreement shall involve a trade at fair market value between the Division of Facilities Construction and Management and Uintah County of the following two properties:
(a) that portion of the current Uintah County complex that is owned by the state, located at 147 East Main Street, Vernal, Utah, which currently houses the Department of Natural Resources and other state agencies; and
(b) a parcel of land owned by Uintah County, located at approximately 318 North Vernal Avenue, Vernal, Utah, which would become the location of the needed space under the lease purchase agreement;
(3) before entering into an agreement with Uintah County, the Division of Facilities Construction and Management shall ensure that all other state agencies in the Uintah County complex stay in their current location or receive adequate replacement space, with the terms of any replacement space acceptable to each state agency;
(4) before entering into an agreement with Uintah County, the Department of Natural Resources shall obtain the approval of the Division of Facilities Construction and Management; and
(5) the Division of Facilities Construction and Management may approve the agreement only if the Department of Natural Resources demonstrates that the lease purchase will be a benefit to the state.
Amended by Chapter 369, 2023 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 18 - 2009 Bonding and Financing Authorizations › Part 1 - 2009 General Obligation Bond Authorizations › Section 101 - Capital facilities bonds -- Maximum amount -- Projects authorized.

63B-18-101.
Capital facilities bonds -- Maximum amount -- Projects authorized.
(1) The total amount of bonds issued under this section may not exceed $32,320,000.
(2)
(a) 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 constructing the projects listed in this Subsection (2).
(b) These costs may include the cost of acquiring land, interests in land, easements and rights-of-way, improving sites, and acquiring, constructing, equipping, and furnishing facilities and all structures, roads, parking facilities, utilities, and improvements necessary, incidental, or convenient to the facilities, interest estimated to accrue on these bonds during the period to be covered by construction of the projects plus a period of six months after the end of the construction period, and all related engineering, architectural, and legal fees.
(c) For the division, proceeds shall be provided for the following:
CAPITAL DEVELOPMENT PROJECTS
Project
DescriptionEstimated Operations and MaintenanceProject Amount Funded
Multi-agency Government Office Building$447,500$18,000,000
Snow College Library$452,200$14,000,000
TOTAL CAPITAL DEVELOPMENT PROJECTS$32,000,000
TOTAL GENERAL OBLIGATION BOND AUTHORIZATION FOR CAPITAL DEVELOPMENT PROJECTS
$32,000,000
(d) For purposes of this section, operations and maintenance costs:
(i) are estimates only;
(ii) may include any operations and maintenance costs already funded in existing agency budgets; and
(iii) are not commitments by this Legislature or future Legislatures to fund those operations and maintenance costs.
(3)
(a) The amounts funded as listed in Subsection (2) are estimates only and do not constitute a limitation on the amount that may be expended for any project.
(b) The board may revise these estimates and redistribute the amount estimated for a project among the projects authorized.
(c) The commission, by resolution and in consultation with the board, may delete one or more projects from this list if the inclusion of that project or those projects in the list could be construed to violate state law or federal law or regulation.
(4)
(a) The division may enter into agreements related to these projects before the receipt of proceeds of bonds issued under this chapter.
(b) The division shall make those expenditures from unexpended and unencumbered building funds already appropriated to the Capital Projects Fund.
(c) The division shall reimburse the Capital Projects Fund upon receipt of the proceeds of bonds issued under this chapter.
(d) The state intends to use proceeds of tax-exempt bonds to reimburse itself for expenditures for costs of the projects listed in Subsection (2)(c).
(5) It is the intent of the Legislature that the funding authorized for projects in Subsection (2) does not include funds for public art.
Enacted by Chapter 16, 2009 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 18 - 2009 Bonding and Financing Authorizations › Part 2 - 2009 Revenue Bond Authorizations › Section 201 - Revenue bond authorizations -- State Building Ownership Authority.

Effective 6/1/2022
63B-18-201.
Revenue bond authorizations -- State Building Ownership Authority.
(1) The Legislature intends that:
(a) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $3,800,000 for the acquisition of property in the Salt Lake City, Utah area on which to construct a Department of Alcoholic Beverage Services warehouse expansion, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements; and
(b) the Department of Alcoholic Beverage Services use increased sales revenues as the primary revenue source for repayment of any obligation created under authority of this section.
(2) The Legislature intends that:
(a) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $19,904,000 for the construction of a warehouse expansion for the Department of Alcoholic Beverage Services, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(b) the Department of Alcoholic Beverage Services use increased sales revenues as the primary revenue source for repayment of any obligation created under authority of this section; and
(c) the Department of Alcoholic Beverage Services may request operation and maintenance funding from sales revenues.
Amended by Chapter 447, 2022 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 18 - 2009 Bonding and Financing Authorizations › Part 3 - 2009 Capital Facilities and Property Authorizations › Section 302 - Authorizations to dispose of property.

Effective 5/10/2016
63B-18-302.
Authorizations to dispose of property.
The Legislature intends that:
(1) the Department of Workforce Services may, in coordination with the Division of Facilities Construction and Management, sell a Temporary Placement Office in Salt Lake City, Utah, and three vacated buildings in Logan, Utah; and
(2) sales be at fair market value.
Amended by Chapter 301, 2016 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 19 - 2010 Financing Authorizations › Part 3 - 2010 Property Authorizations › Section 301 - Authorizations to sell property.

63B-19-301.
Authorizations to sell property.
The Legislature intends that the Division of Facilities Construction and Management and any other state agency with title to property identified as Emery County Tax Parcel No.1-156-6 are authorized to sell a perpetual easement to Rocky Mountain Power that is approximately 60 feet in width on property at Green River that was subject to cleanup of radiation contamination by the United States Department of Energy and was acquired by the state of Utah, the purchase of which was funded 90% by the federal government pursuant to 42 U.S.C. Sec. 7914, subject to the following:
(1) The easement shall identify the conditions of the sale and require the payment of $5,000 as consideration, of which 90% is to be refunded to the federal government.
(2) Rocky Mountain Power shall be required to comply with all applicable environmental laws and requirements in regard to the easement.
Enacted by Chapter 100, 2010 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 19 - 2010 Financing Authorizations › Part 4 - 2010 Lease-Purchase Authorizations › Section 401 - Lease-purchase authorizations.

63B-19-401.
Lease-purchase authorizations.
The Legislature intends that the courts may use existing funds to enter into a lease-purchase agreement for the Spanish Fork Courthouse at no additional cost to the state.
Enacted by Chapter 100, 2010 General Session
2023 Utah Code › Title 63B - Bonds › Chapter 20 - 2011 Bonding and Financing Authorizations › Part 1 - 2011 General Obligation Bond and Revenue Bond Authorizations › Section 102 - Revenue Bond Authorizations -- State Building Ownership Authority.

63B-20-102.
Revenue Bond Authorizations -- State Building Ownership Authority.
(1) The Legislature intends that:
(a) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $3,900,000 for the acquisition of the Davis County Courts building and adjacent land in Farmington City, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(b) the judicial branch use existing lease budgets as the primary revenue source for repayment of any obligation created under authority of this section; and
(c) the judicial branch may not request additional state funds for operation and maintenance costs.
(2) The Legislature intends that:
(a) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $1,200,000 for the acquisition and construction of the Utah College of Applied Technology Administration and Training building with up to 8,000 square feet, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any debt service reserve requirements;
(b) the Utah College of Applied Technology use existing lease budgets as the primary revenue source for repayment of any obligation created under authority of this section; and
(c) the Utah College of Applied Technology may not request additional state funds for operation and maintenance costs.
Enacted by Chapter 409, 2011 General Session