Utah Code > Title 63B > Chapter 7 > Part 4 – Computer System General Obligation Bonds


§ 63B-7-401	State Bonding Commission authorized to issue general obligation bonds
§ 63B-7-402	Maximum amount — Projects authorized
§ 63B-7-403	Use of bond proceeds for issuance and other costs
§ 63B-7-404	Manner of issuance — Amounts, interest, and maturity
§ 63B-7-405	Terms and conditions of sale — Plan of financing — Signatures — Replacement — Registration — Federal rebate
§ 63B-7-406	Constitutional debt limitation
§ 63B-7-407	Tax levy — Abatement of tax
§ 63B-7-408	Creation of sinking fund
§ 63B-7-409	Payment of interest, principal, and redemption premiums
§ 63B-7-410	Investment of sinking fund money
§ 63B-7-411	Bond proceeds — Deposits — Investment — Disposition of investment income and unexpended proceeds
§ 63B-7-412	Refunding of bonds
§ 63B-7-413	Certification of satisfaction of conditions precedent — Conclusiveness
§ 63B-7-414	Tax exemption
§ 63B-7-415	Legal investment status
§ 63B-7-416	Publication of resolution or notice — Limitation on actions to contest legality
§ 63B-7-417	Report to Legislature

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Terms Used In Utah Code > Title 63B > Chapter 7 > Part 4 - Computer System General Obligation Bonds

Commission: means the State Bonding Commission created in Section 63B-1-201. See Utah Code 63B-1-101
Contract: A legal written agreement that becomes binding when signed.
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.
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}
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.