UTAH CODE (Last Updated: January 16, 2015) |
Title 63A. Utah Administrative Services Code |
Chapter 1. Department of Administrative Services |
Part 1. General Provisions |
§ 63A-1-112. Certificates of participation -- Legislative approval required -- Definition -- Exception.
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(2) (a) As used in this section, "certificate of participation" means an instrument that acts as evidence of the certificate holder's undivided interest in property being lease-purchased, the payment on which is subject to appropriation by the Legislature. (b) (i) For purposes of this Subsection (2)(b), "energy savings agreement" has the meaning as defined in Section 63A-5-701. (ii) "Certificate of participation" does not include an energy savings agreement.
Amended by Chapter 382, 2008 General Session