Utah Code 72-11-106. Revenue bonds authorized
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Terms Used In Utah Code 72-11-106
- Committee: means the Passenger Ropeway Safety Committee created by Section 72-11-202. See Utah Code 72-11-102
- Construction: means the construction, reconstruction, replacement, and improvement of the highways, including the acquisition of rights-of-way and material sites. See Utah Code 72-1-102
To raise funds for the acquisition, financing, construction, reconstruction, improvement, or extension of any of those purposes, projects, and facilities, the committee is authorized to issue revenue bonds in amounts bearing a rate or rates of interest not exceeding 9% per annum, with maturities, in a form and on terms and conditions as it, with the approval of the director of the Division of Finance, considers necessary or convenient.
Renumbered and Amended by Chapter 270, 1998 General Session