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2025 Utah Code
Title 63B - Bonds
Chapter 13 - 2004 Bonding and Financing Authorizations
Part 3 - 2004 Lease-Purchase Authorizations
Section 301 - Lease-purchase authorizations.
Universal Citation:
UT Code § 63B-13-301 (2025)
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Effective 5/3/2023
63B-13-301. Lease-purchase authorizations.
Amended by Chapter 369, 2023 General Session
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 Division of Facilities Construction and Management has determined that the lease-purchase option is less costly to the state than the current lease.
Amended by Chapter 369, 2023 General Session
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