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2012 Utah Code
Title 63B - Bonds
Article 13 - 2004 Bonding and Financing Authorizations
Section 301 - Lease-purchase authorizations.
Universal Citation:
UT Code ยง 63B-13-301 (2012)
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63B-13-301. Lease-purchase authorizations.
(1) It is the intent of the Legislature that the Mountainland Applied Technology Campus of the Utah College of Applied Technology may use existing funds to enter into a lease-purchase agreement with Alpine School District for the acquisition of the Pacific Avenue Applied Technology Facility costing up to $2,900,000.
(2) It is further the intent of the Legislature that a lease may not be executed until the State Building Board has determined that the lease-purchase option is less costly to the state than the current lease.
Enacted by Chapter 364, 2004 General Session
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