UTAH CODE (Last Updated: January 16, 2015) |
Title 63B. Bonds |
Chapter 3. 1994 Bonding |
Part 2. Highway General Obligation Bonds |
§ 63B-3-202. Maximum amount -- Projects authorized.
Latest version.
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(1) The total amount of bonds issued under this part may not exceed $12,300,000. (3) If, after completion of the projects authorized under Subsection (2)(a) and payment of the costs of issuing and selling the bonds under Section 63B-3-203, any bond proceeds remain unexpended, the Department of Transportation may use those unexpended proceeds to pay all or part of the costs of construction projects approved by the Utah Transportation Commission. (4) The commission may, by resolution, make any statement of intent relating to that reimbursement that is necessary or desirable to comply with federal tax law. (5) 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 300, 1994 General Session