Utah Code 17D-1-504. Pledge of revenues to pay for bonds
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Bonds may be payable from and secured by the pledge of all or any specified part of:
(1) the revenues to be derived by the special service district from providing its services and from the operation of its facilities and other properties;
Terms Used In Utah Code 17D-1-504
- facilities: includes any structure, building, system, land, water right, water, or other real or personal property required to provide a service that a special service district is authorized to provide, including any related or appurtenant easement or right-of-way, improvement, utility, landscaping, sidewalk, road, curb, gutter, equipment, or furnishing. See Utah Code 17D-1-102
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Special assessment: means an assessment levied against property to pay all or a portion of the costs of making improvements that benefit the property. See Utah Code 17D-1-102
- Special service district: means a limited purpose local government entity, as described in Section 17D-1-103, that:(12)(a) is created under authority of the Utah Constitution Article XI, § 7; and(12)(b) operates under, is subject to, and has the powers set forth in this chapter. See Utah Code 17D-1-102
- 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
(2) sales and use taxes, property taxes, and other taxes;(3) federal, state, or local grants;(4) in the case of special assessment bonds, the special assessments pledged to repay the special assessment bonds; and(5) other money legally available to the special service district.