Utah Code 63B-1-311. Cost of acquiring or constructing facility
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The cost of acquiring or constructing any facility shall be considered to include the following:
(1) the actual cost of acquiring or improving real estate;
Terms Used In Utah Code 63B-1-311
- 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
- Facility: includes a golf course. See Utah Code 63B-1-303
- Obligations: means any mortgage certificates, notes, debentures, interim certificates, revenue bonds, or other evidences of financial indebtedness. See Utah Code 63B-1-303
(2) the actual cost of enlarging, constructing, reconstructing, improving, replacing, restoring, renovating, maintaining, equipping, or furnishing all or any part of a facility, including architects’ or engineers’ fees; and
(3) all expenses connected with the authorization, sale, and issuance of the obligations to finance the acquisition or construction, including:
(3)(a) fees for outside attorneys or accountants whose opinions are required to secure the issuance of those obligations;
(3)(b) financial advisors’ fees and commissions;
(3)(c) printing costs;
(3)(d) those amounts that the authority considers necessary to establish bond reserves and maintenance, repair, replacement, and contingency funds and accounts; and
(3)(e) the interest on these obligations for a reasonable time before, during, and for a reasonable period of time after, completion of the acquisition or construction.