§ 63H-8-401 Corporation money — Depositing and paying out — Power to contract with holders of notes and bonds — Money held in trust
§ 63H-8-402 State pledge to holders of notes or bonds
§ 63H-8-403 Notes, bonds, other obligations — Not a debt liability — Expenses payable from funds provided — Corporation without authority to incur liability on behalf of state — Relationship to Governmental Immunity Act of Utah
§ 63H-8-404 Corporation property, notes, and bonds — Tax exemption except corporate franchise tax
§ 63H-8-405 Corporation notes, bonds, obligations — Legal investments
§ 63H-8-406 Annual report to governor and Legislature — Contents — Audits
§ 63H-8-407 Act not restriction on powers of corporation — Construed as alternative — Bonds, notes, obligations issued need not comply with other laws
§ 63H-8-408 Allocation to corporation of mortgage bonds qualified under Internal Revenue Code
§ 63H-8-409 Allocation of qualified mortgage bonds to counties, cities, and towns
§ 63H-8-410 Low-income housing tax credits
§ 63H-8-411 Asset disposition upon dissolution of corporation
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Terms Used In Utah Code > Title 63H > Chapter 8 > Part 4 - Corporation Assets and Obligations

  • City: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corporation: means the Utah Housing Corporation created by Section 63H-8-201, which, prior to July 1, 2001, was named the Utah Housing Finance Agency. See Utah Code 63H-8-103
  • Employee of the corporation: means an individual who is employed by the corporation but who is not a trustee of the corporation. See Utah Code 63H-8-103
  • Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Housing development: means a residential housing project, which includes residential housing for low and moderate income persons. See Utah Code 63H-8-103
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage: means a mortgage, deed of trust, or other instrument securing a mortgage loan and constituting a lien on real property (the property being held in fee simple or on a leasehold under a lease having a remaining term, at the time the mortgage is acquired, of not less than the term for repayment of the mortgage loan secured by the mortgage) improved or to be improved by residential housing, creating a lien that may be first priority or subordinate. See Utah Code 63H-8-103
  • 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.
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • State: means the state of Utah. See Utah Code 63H-8-103
  • State housing credit ceiling: means the amount specified in Subsection 42(h)(3)(C) of the Internal Revenue Code for each calendar year. See Utah Code 63H-8-103
  • Town: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5