Utah Code > Title 11 > Chapter 42a > Part 4 – Energy Assessment Bonds and Refunding Assessment Bonds


§ 11-42a-401	Local entity may authorize the issuance of energy assessment bonds — Limit on amount of bonds — Features of energy assessment bonds
§ 11-42a-402	Energy assessment bond not a local entity’s general obligation — Liability and responsibility of a local entity issuing an energy assessment bond — No state liability
§ 11-42a-403	Refunding assessment bonds
§ 11-42a-404	Reducing assessments after issuance of refunding assessment bonds — Retroactive effect

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Terms Used In Utah Code > Title 11 > Chapter 42a > Part 4 - Energy Assessment Bonds and Refunding Assessment Bonds

Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
Escrow: Money given to a third party to be held for payment until certain conditions are met.
Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
Lien: A claim against real or personal property in satisfaction of a debt.
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.
Person: means :
     (24)(a) an individual;
     (24)(b) an association;
     (24)(c) an institution;
     (24)(d) a corporation;
     (24)(e) a company;
     (24)(f) a trust;
     (24)(g) a limited liability company;
     (24)(h) a partnership;
     (24)(i) a political subdivision;
     (24)(j) a government office, department, division, bureau, or other body of government; and
     (24)(k) any other organization or entity. See Utah Code 68-3-12.5
Property: includes both real and personal property. See Utah Code 68-3-12.5
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Several obligors: means obligors severally bound for the same performance. See Utah Code 15-4-1
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
Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.