2011 Utah Code
Title 19 Environmental Quality Code
Chapter 9 Hazardous Waste Facilities Management Act
Section 108 Obligations of authority -- Limitation -- Issuance.

19-9-108. Obligations of authority -- Limitation -- Issuance.
(1) All obligations of the authority shall plainly state that they are limited and that neither the credit of the state nor its taxing authority is pledged in whole or in part in payment of such obligations.
(2) All obligations, before issuance, shall be authorized by resolution of the authority and may:
(a) be executed and delivered from time to time, as the authority determines;
(b) be sold at public or private sale in such manner as the authority determines;
(c) be in such form and denominations as the authority determines;
(d) be of such tenor as the authority determines;
(e) be in registered or bearer form either as to principal, interest, or both;
(f) be payable in such installments and at such times as the authority determines;
(g) be payable at such places, either within or without this state, as the authority determines;
(h) bear interest at such rate or rates, payable at such place or places, and evidenced in such manner, as the authority determines;
(i) be redeemable prior to maturity, with or without premium;
(j) contain any other provisions the authority considers in its best interest that are not inconsistent with this part; and
(k) bear facsimile signatures and seals.
(3) Any or all expenses, premiums, or commissions incurred in the issuance and sale of its obligations may be paid either from the proceeds of the sale of such obligations or from revenues generated by the projects involved.