2006 Utah Code - 17A-2-1418 — Utilization or distribution of electric power -- Subject to terms and conditions of contracts -- Use of revenues.

     17A-2-1418.   Utilization or distribution of electric power -- Subject to terms and conditions of contracts -- Use of revenues.
     (1) Electric power from any power plant owned by a district may be utilized by a district or may be distributed and sold to an electric utility or a municipality having, at the time of the commencement of the acquisition or construction of the electric power plant by the district, an existing system for distributing electric power. The district may not act as a retail distributor or seller of electric power.
     (2) Any distribution or sale of electric power by a district may be for the period and upon the terms and conditions provided in contracts authorized by the board and entered into by the district and any electric utility or municipality described in Subsection (1).
     (3) Any revenues received by a district from the sale of electric power may be used and pledged for the payment of the principal, interest, or any premium of bonds or notes of the district issued to pay all or part of the cost of acquiring or constructing the electric power plant from which the electric power is generated, or for any other lawful purpose of the district.

Renumbered and Amended by Chapter 186, 1990 General Session