§ 63B-3-201 State Bonding Commission authorized to issue general obligation bonds
§ 63B-3-202 Maximum amount — Projects authorized
§ 63B-3-203 Bond proceeds may be used to pay costs of issuance and sale
§ 63B-3-204 Manner of issuance — Amounts, interest, and maturity
§ 63B-3-205 Terms and conditions of sale — Plan of financing — Signatures — Replacement — Registration — Federal rebate
§ 63B-3-206 Constitutional debt limitation
§ 63B-3-207 Tax levy — Abatement of tax
§ 63B-3-208 Creation of sinking fund
§ 63B-3-209 Payment of interest, principal, and redemption premiums
§ 63B-3-210 Investment of sinking fund money
§ 63B-3-211 Bond proceeds — Deposits — Investment — Disposition of investment income and unexpended proceeds
§ 63B-3-212 Refunding of bonds
§ 63B-3-213 Certification of satisfaction of conditions precedent — Conclusiveness
§ 63B-3-214 Tax exemption
§ 63B-3-215 Legal investment status
§ 63B-3-216 Publication of resolution or notice — Limitation on actions to contest legality
§ 63B-3-217 Report to Legislature
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Terms Used In Utah Code > Title 63B > Chapter 3 > Part 2 - Highway General Obligation Bonds

  • Commission: means the State Bonding Commission created in Section 63B-1-201. See Utah Code 63B-1-101
  • Division: means the Division of Facilities Construction and Management. See Utah Code 63B-1-101
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • 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
  • Land: includes :
         (18)(a) land;
         (18)(b) a tenement;
         (18)(c) a hereditament;
         (18)(d) a water right;
         (18)(e) a possessory right; and
         (18)(f) a claim. 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.
  • 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
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • Signature: includes a name, mark, or sign written with the intent to authenticate an instrument or writing. See Utah Code 68-3-12.5
  • Sinking fund: means the fund or account established as provided in this title to hold money to pay the principal and interest on each series of bonds as they become due. See Utah Code 63B-1-101
  • 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
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
  • 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.