53H-9-315. Revenue bond authorizations.

240 words·~1 min read·/ut/title-53h/chapter-9/53h-9-315

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 10/14/2025

(1)The Utah Board of Higher Education, formerly the Board of Regents, on behalf of the institutions listed below, may issue, sell, and deliver revenue bonds or other evidences of indebtedness to borrow money on the credit of the income and revenues of each respective institution, other than appropriations of the Legislature, to finance the cost or partial cost of constructing, furnishing, and equipping the specified projects.

(2)The bonds or other evidences of indebtedness authorized by this section may not exceed the amounts for each institution and project specified below, and shall be issued in accordance with this part under such terms and conditions and in such amounts as the board, by resolution, determines are reasonable and necessary:

(a)Utah State University:

(i)student family housing project: $6,600,000; and

(ii)human Resource Research Center: $6,000,000;

(b)Weber State University, student services building: $5,800,000;

(c)Southern Utah University:

(i)student housing project: $6,000,000;

(ii)student center addition: $5,500,000; and

(iii)stadium expansion: $5,500,000;

(d)Utah Tech University, student center building: $3,100,000;

(e)Utah Valley University, student center addition: $13,500,000;

(f)Salt Lake Community College:

(i)classroom/physical education facility: $5,500,000; and

(ii)science/major industry building: $5,150,000;

(g)University of Utah:

(i)biology research building: $21,050,000; and

(ii)Robert L. Rice Stadium renovation and expansion: $12,000,000; and

(h)Utah State University Eastern, Student center: $3,300,000.

Renumbered and Amended by Chapter 8 , 2025 Special Session 1