Utah Code 63J-3-402. Debt limitation — Vote requirement needed to exceed limitation

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Terms Used In Utah Code 63J-3-402

Appropriations: includes appropriations that are contingent upon available surpluses in the General Fund and Income Tax Fund. See Utah Code 63J-3-103
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
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.
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

(1)(a) Except as provided in Subsection (1)(b), the outstanding general obligation debt of the state may not exceed 45% of the maximum allowable appropriations limit unless approved by more than a two-thirds vote of both houses of the Legislature.

(1)(b) Notwithstanding the limitation contained in Subsection (1)(a), debt issued under the authority of the following parts or sections is not subject to the debt limitation established by this section:

(1)(b)(i) Title 63B, Chapter 6, Part 2, 1997 Highway General Obligation Bond Authorization;

(1)(b)(ii) Title 63B, Chapter 6, Part 3, 1997 Highway Bond Anticipation Note Authorization;

(1)(b)(iii) Title 63B, Chapter 7, Part 2, 1998 Highway General Obligation Bond Authorization;

(1)(b)(iv) Title 63B, Chapter 7, Part 3, 1998 Highway Bond Anticipation Note Authorization;

(1)(b)(v) Title 63B, Chapter 8, Part 2, 1999 Highway General Obligation Bond Authorization;

(1)(b)(vi) Title 63B, Chapter 8, Part 3, 1999 Highway Bond Anticipation Note Authorization;

(1)(b)(vii) Title 63B, Chapter 10, Part 1, 2001 Highway General Obligation Bonds;

(1)(b)(viii) Title 63B, Chapter 10, Part 2, 2001 Highway General Obligation Bond Anticipation Notes Authorization;

(1)(b)(ix) Title 63B, Chapter 11, Part 5, 2002 Highway General Obligation Bonds for Salt Lake County;

(1)(b)(x) Title 63B, Chapter 11, Part 6, 2002 Highway General Obligation Bond Anticipation Notes for Salt Lake County;

(1)(b)(xi) Section 63B-13-102;

(1)(b)(xii) Section 63B-16-101;