Go to Previous Versions
of
this Section
2025 Utah Code
Title 73 - Water and Irrigation
Chapter 10 - Board of Water Resources - Division of Water Resources
Section 25.1 - Credit enhancement and interest buy-down agreements.
Universal Citation:
UT Code § 73-10-25.1 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Effective 5/7/2025
73-10-25.1. Credit enhancement and interest buy-down agreements.
Amended by Chapter 105, 2025 General Session
73-10-25.1. Credit enhancement and interest buy-down agreements.
- (1)The Board of Water Resources may enter into credit enhancement agreements with political subdivisions containing terms and provisions that the board determines will reasonably improve the security for or marketability of water project obligations financed using the Water Resources Conservation and Development Fund created in Section 73-10-24. Credit enhancement agreements may include provisions for loans to political subdivisions to pay the costs of obtaining letters of credit or other forms of insurance or security to provide security for water project obligations.
- (2)The Board of Water Resources may make loans or grants from the Water Resources Conservation and Development Fund to political subdivisions for interest buy-down agreements for water development projects.
Amended by Chapter 105, 2025 General Session
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.
