PocketLaw | Utah Code | State Building Ownership Authority Act

State Building Ownership Authority Act

Checkout our iOS App for a better way to browser and research.

Title.

Legislative findings.

Definitions.

State Building Ownership Authority created -- Members -- Compensation -- Location in Department of Administrative Services.

Powers and duties of authority.

Obligations issued by authority -- Limitation of liability on obligations -- Limitation on amount of obligations issued.

Lease of facilities to state bodies -- Rental.

Payment of obligations out of rentals -- Other governmental entities not liable for payment -- Appropriations for increased rentals -- Defaulting bodies to quit premises.

Securing of obligations -- Provisions in mortgages given as security -- Procedure upon default.

Proceeds from sale of obligations -- Use.

Cost of acquiring or constructing facility.

Signature of former member or officer of authority -- Continuing validity.

Negotiability of obligations -- Registration.

Person executing obligations not personally liable.

Tax exemption.

Obligations as legal investments -- Deposit of obligations.

Publication of resolution or other proceeding -- Contest of proceedings -- Mandamus to compel official to sign obligations.

Division duties -- Reimbursement.

Legal, accounting, and auditing services.

State to succeed to property of authority when encumbrances paid or authority dissolved.

Validation of prior obligations.