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Code · Utah · Title 63B — Bonds · Chapter 27

63B-27-103. Highway bonds debt limitation.

78 words·~1 min read·/ut/title-63b/chapter-27/63b-27-103·

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

Effective 4/22/2020
63B-27-103. Highway bonds debt limitation.
(1)Notwithstanding Subsection 63B-27-101(1)(c) , the commission may issue a general obligation bond authorized under Section 63B-27-101 if the issuance of the general obligation bond would result in the total current outstanding general obligation debt of the state exceeding 50% of the limitation described in the Utah Constitution, Article XIV, Section 1.
(2)This section supersedes any conflicting provisions of Utah law.
Enacted by Chapter 2 , 2020 Special Session 3
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