§ 63B-1-301 Title
§ 63B-1-302 Legislative findings
§ 63B-1-303 Definitions
§ 63B-1-304 State Building Ownership Authority created — Members — Compensation — Location in Department of Administrative Services
§ 63B-1-305 Powers and duties of authority
§ 63B-1-306 Obligations issued by authority — Limitation of liability on obligations — Limitation on amount of obligations issued
§ 63B-1-307 Lease of facilities to state bodies — Rental
§ 63B-1-308 Payment of obligations out of rentals — Other governmental entities not liable for payment — Appropriations for increased rentals — Defaulting bodies to quit premises
§ 63B-1-309 Securing of obligations — Provisions in mortgages given as security — Procedure upon default
§ 63B-1-310 Proceeds from sale of obligations — Use
§ 63B-1-311 Cost of acquiring or constructing facility
§ 63B-1-312 Signature of former member or officer of authority — Continuing validity
§ 63B-1-313 Negotiability of obligations — Registration
§ 63B-1-314 Person executing obligations not personally liable
§ 63B-1-315 Tax exemption
§ 63B-1-316 Obligations as legal investments — Deposit of obligations
§ 63B-1-317 Publication of resolution or other proceeding — Contest of proceedings — Mandamus to compel official to sign obligations
§ 63B-1-318 Division duties — Reimbursement
§ 63B-1-319 Legal, accounting, and auditing services
§ 63B-1-320 State to succeed to property of authority when encumbrances paid or authority dissolved
§ 63B-1-321 Validation of prior obligations
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Terms Used In Utah Code > Title 63B > Chapter 1 > Part 3 - State Building Ownership Authority Act

  • acquisition or construction: means any acquisition, construction, reconstruction, restoration, enlargement, improvement, renovation, repair, replacement, equipping or furnishing, in whole or in part, of a facility. See Utah Code 63B-1-303
  • Authority: means the State Building Ownership Authority created by this part. See Utah Code 63B-1-303
  • Bond anticipation note: means :
         (1)(a) any financing note issued according to the procedures and requirements of this title in anticipation of the receipt of the proceeds of the sale of the bonds authorized under this title; and
         (1)(b) any renewal of those notes. See Utah Code 63B-1-101
  • Commission: means the State Bonding Commission created in Section 63B-1-201. See Utah Code 63B-1-101
  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Division: means the Division of Facilities Construction and Management. See Utah Code 63B-1-303
  • Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
  • facilities: means any public building, structure, highway, or property for any governmental purpose of state bodies, and the related and appurtenant easements, rights-of-way, improvements, paving, utilities, landscaping, parking facilities, and the lands, interests in land, and grounds, together with the personal property necessary, convenient, or appurtenant to them. See Utah Code 63B-1-303
  • Facility: includes a golf course. See Utah Code 63B-1-303
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Highway: includes :
         (15)(a) a public bridge;
         (15)(b) a county way;
         (15)(c) a county road;
         (15)(d) a common road; and
         (15)(e) a state road. See Utah Code 68-3-12.5
  • Land: includes :
         (18)(a) land;
         (18)(b) a tenement;
         (18)(c) a hereditament;
         (18)(d) a water right;
         (18)(e) a possessory right; and
         (18)(f) a claim. See Utah Code 68-3-12.5
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage: means any mortgage, trust deed, indenture, pledge agreement, assignment, security agreement, financing statement, or other instrument that encumbers property as security for obligations. See Utah Code 63B-1-303
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Obligations: means any mortgage certificates, notes, debentures, interim certificates, revenue bonds, or other evidences of financial indebtedness. See Utah Code 63B-1-303
  • Person: means :
         (24)(a) an individual;
         (24)(b) an association;
         (24)(c) an institution;
         (24)(d) a corporation;
         (24)(e) a company;
         (24)(f) a trust;
         (24)(g) a limited liability company;
         (24)(h) a partnership;
         (24)(i) a political subdivision;
         (24)(j) a government office, department, division, bureau, or other body of government; and
         (24)(k) any other organization or entity. See Utah Code 68-3-12.5
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
  • state bodies: includes a college or university when the obligation to be issued will finance the acquisition or construction of research facilities, housing facilities, or student centers at the college or university. See Utah Code 63B-1-303
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5