2006 Utah Code - 17A-2-425 — Bonds payable from revenues -- Covenants with future holders authorized.

     17A-2-425.   Bonds payable from revenues -- Covenants with future holders authorized.
     If any bonds issued hereunder are payable in whole or in part from revenues to be derived by the service area from the fees and charges it imposes for any commodities, services or facilities afforded by the service area to its consumers, the board of trustees may in the resolution authorizing the bonds enter into covenants with the future holder or holders of the bonds pertaining to the management and operation of the facilities, the imposition and collection of fees and charges, the disposition of fees and revenues, the issuance of future bonds and the creation of future liens and encumbrances against facilities and the revenue thereof, the carrying of insurance on the facilities, the keeping and auditing of books and records, and such other pertinent matters as may be deemed appropriate by the board of trustees.

Renumbered and Amended by Chapter 186, 1990 General Session