There is a newer version of the Utah Code
2014 Utah Code
Title 53B - State System of Higher Education
Chapter 13 - Higher Education Loan Act
- Section 101 - Short title of chapter.
- Section 102 - Definitions.
- Section 103 - Powers of Board of Regents.
- Section 104 - Issuance of bonds -- Disposition of funds -- Refunding bonds -- Resolution to authorize bonds -- Contents -- Sale of bonds -- Bond debt service reserve funds -- Restoration of fund assets -- Establishment of other subfunds.
- Section 105 - Agreements with bondholders unalterable.
- Section 106 - Investments in bonds of the board.
- Section 107 - Payment of funds -- Payment on warrants -- Contracts with bondholders -- Security.
- Section 108 - Bonds and interest exempt from taxation except corporate franchise tax.
- Section 109 - Board pledges -- Attachment of lien -- Recording unnecessary.
- Section 110 - Default by board -- Appointment of a trustee -- Powers of the trustee and bondholders.
- Section 111 - Loans or purchase of obligations -- Rules -- Options -- Repayment of federally insured loans.
- Section 112 - Separation of duties, responsibilities, funds, liabilities, and expenses -- Immunity from personal liability.
- Section 113 - Bond approval by attorney general incontestable after 30 days -- Recital of certification.
- Section 114 - Mandamus in Supreme Court -- Precedence.
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