Utah Interlocal Financing Authority Act

  1. Law
  2. Utah Code
  3. Cities, Counties, and Local Taxing Units
  4. Utah Interlocal Financing Authority Act

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Section
1

Short title.

Section
2

Definitions.

Section
3

Creation of county interlocal finance authority as nonprofit corporation -- Organization -- Acquisition of delinquent tax receivables -- Personnel -- Duties of elected attorney and treasurer.

Section
3.5

Entry into an established interlocal finance authority -- Withdrawal from an interlocal finance authority -- Effect of outstanding debt -- Effect on organization.

Section
4

Assignment of rights to receive delinquent tax receivables to financing authority -- Documentation -- Agreement.

Section
5

Bonds authorized to pay costs of purchase of delinquent tax receivables.

Section
6

Payment of bonds.

Section
7

Bond principal and interest -- Security agreements -- Trustee.

Section
8

Dissolution of financing authority.

Section
9

Tax exemption.

Section
10

Application to other laws and proceedings.

Section
11

Publication of resolutions -- Notice -- Content.

Section
12

Investment in and deposit of bonds.

Section
13

Financing authority as public entity -- Liberal construction of chapter.

Section
14

Provisions of chapter control when conflict occurs.

Section
15

Special fund -- Apportionment of excess amounts.

Section
16

Deferral or abatement of taxes unaffected.

Section
17

Anticipation of taxes to be considered in fixing tax rate.