There is a newer version of the Utah Code
2016 Utah Code
Title 63H - Independent State Entities
Chapter 8 - Utah Housing Corporation Act
Part 4 - Corporation Assets and Obligations
- Section 401 - Corporation money -- Depositing and paying out -- Power to contract with holders of notes and bonds -- Money held in trust.
- Section 402 - State pledge to holders of notes or bonds.
- Section 403 - Notes, bonds, other obligations -- Not a debt liability -- Expenses payable from funds provided -- Corporation without authority to incur liability on behalf of state -- Relationship to Governmental Immunity Act of Utah.
- Section 404 - Corporation property, notes, and bonds -- Tax exemption except corporate franchise tax.
- Section 405 - Corporation notes, bonds, obligations -- Legal investments.
- Section 406 - Annual report to governor and Legislature -- Contents -- Audits.
- Section 407 - Act not restriction on powers of corporation -- Construed as alternative -- Bonds, notes, obligations issued need not comply with other laws.
- Section 408 - Allocation to corporation of mortgage bonds qualified under Internal Revenue Code.
- Section 409 - Allocation of qualified mortgage bonds to counties, cities, and towns.
- Section 410 - Low-income housing tax credits.
- Section 411 - Asset disposition upon dissolution of corporation.
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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