2016 Utah Code
Title 63H - Independent State Entities
Chapter 2 - Utah Energy Infrastructure Authority Act
Part 2 - Organization or Dissolution
Section 201 - Creation of Utah Energy Infrastructure Authority.

63H-2-201. Creation of Utah Energy Infrastructure Authority.

• (1) There is created an independent state agency known as the "Utah Energy Infrastructure Authority."

• (2) Subject to Section 63H-2-203, the authority may:
  • (a) sue and be sued;
  • (b) enter into contracts generally;
  • (c)
    • (i) accept financial or other assistance from a public or private source for the authority's activities, powers, and duties; and
    • (ii) expend money received under Subsection (2)(c)(i) for the purpose of building or enhancing the state's energy delivery infrastructure;
  • (d)
    • (i) for the purpose of studying a qualifying transmission project, borrow money or accept financial or other assistance from:
      • (A) a public entity; or
      • (B) any other source; and
    • (ii) comply with a condition of a loan or assistance described in Subsection (2)(d)(i);
  • (e) in accordance with Part 4, Bonding, issue one or more bonds to finance a qualifying energy delivery project;
  • (f) hire one or more employees, including:
    • (i) a contract employee; and
    • (ii) legal counsel;
  • (g) enter into a partnership agreement with a business entity related to a qualifying energy delivery project;
  • (h) enter into an agreement with a public entity related to a qualifying energy delivery project;
  • (i) if none of the authority's net earnings inure to the benefit of a private entity, use money available to the authority:
    • (i) for administrative, overhead, legal, or other operating expenses of the authority; and
    • (ii) to pay the principal and interest on an authority bond;
  • (j) create one or more subsidiaries to engage in an activity that the authority may engage in under this chapter;
  • (k) transact other business related to a qualifying energy delivery project;
  • (l) acquire, own, lease, or sell real property or personal property related to a qualifying energy delivery project; or
  • (m) exercise a power provided for in this chapter.

• (3) Unless expressly provided in this chapter, the state is not liable for an obligation, expense, debt, or liability of the authority.

Amended by Chapter 37, 2012 General Session