10-2-904. Bonds not affected by municipal boundary adjustment -- Payment of property taxes.
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/ut/title-10/chapter-2/10-2-904A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
10-2-904. Bonds not affected by municipal boundary adjustment -- Payment of property taxes.
(1)A boundary adjustment under this part may not jeopardize or endanger any general obligation or revenue bond.
(2)A bondholder may require the payment of property taxes from any area that:
(a)was included in the taxable value of the municipality or other governmental entity issuing the bond at the time the bond was issued; and
(b)is no longer within the boundaries of the municipality or other governmental entity issuing the bond due to a boundary adjustment.
Enacted by Chapter 399 , 2025 General Session