UTAH CODE (Last Updated: January 16, 2015) |
Title 17C. Limited Purpose Local GovernmentEntities - Community Development and Renewal Agencies Act |
Chapter 1. General Provisions |
Part 5. Agency Bonds |
§ 17C-1-505. Authority to purchase agency bonds.
Latest version.
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(1) Any person, firm, corporation, association, political subdivision of the state, or other entity or public or private officer may purchase bonds issued by an agency under this part with funds owned or controlled by the purchaser. (2) Nothing in this section may be construed to relieve a purchaser of agency bonds of any duty to exercise reasonable care in selecting securities.
Renumbered and Amended by Chapter 359, 2006 General Session