2006 Utah Code - 17A-2-821 — Resolution or ordinance proposing obligations or indebtedness -- Election.

     17A-2-821.   Resolution or ordinance proposing obligations or indebtedness -- Election.
     If the board of trustees of any metropolitan water district incorporated under this part determines, by resolution or ordinance adopted by a vote of a majority of the aggregate number of votes of all the members of the board of trustees, that the interests of the district and the public interest or necessity demand the acquisition, construction, or completion of any source of water supply, water, waterworks or other improvement, works or facility, or the making of any contract with the United States or other persons or corporations, or the incurring of any preliminary expense, necessary or convenient to carry out the objects or purposes of the district wherein an indebtedness or obligation shall be created to satisfy which shall require a greater expenditure than the ordinary annual income and revenue of the district shall permit, the board of trustees may order the submission of the proposition of incurring the obligation or bonded or other indebtedness, for the purposes set forth in the resolution or ordinance, to the qualified electors of the district at an election held for that purpose. The resolution or ordinance calling the election shall be adopted, the notice of the election shall be given, the election shall be held, the voters' qualifications shall be determined, and the results of the elections canvassed in the manner and subject to such conditions as are provided in Title 11, Chapter 14, Local Government Bonding Act. The declaration of public interest or necessity so required and the provision for the holding of the election may be included within the same resolution or ordinance, which resolution or ordinance, in addition to the declaration of public interest or necessity, shall recite the objects and purposes for which the indebtedness is proposed to be incurred, the estimated cost of the public works or improvements, or the estimated amount of preliminary expenses, as the case may be, and the maximum amount of the principal of the indebtedness to be incurred.

Amended by Chapter 105, 2005 General Session