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  8. Chapter 32 - Utah Interlocal Financing Authorit...


Chapter 32 - Utah Interlocal Financing Authority Act


  • Section 1 - Short title.
  • Section 2 - Definitions.
  • Section 3 - Creation of county interlocal finance authority as nonprofit corporation -- Organization -- Acquisition of delinquent tax receivables -- Personnel -- Duties of elected attorney and treasurer.
  • Section 3.5 - Entry into an established interlocal finance authority -- Withdrawal from an interlocal finance authority -- Effect of outstanding debt -- Effect on organization.
  • Section 4 - Assignment of rights to receive delinquent tax receivables to financing authority -- Documentation -- Agreement.
  • Section 5 - Bonds authorized to pay costs of purchase of delinquent tax receivables.
  • Section 6 - Payment of bonds.
  • Section 7 - Bond principal and interest -- Security agreements -- Trustee.
  • Section 8 - Dissolution of financing authority.
  • Section 9 - Tax exemption.
  • Section 10 - Application to other laws and proceedings.
  • Section 11 - Publication of resolutions -- Notice -- Content.
  • Section 12 - Investment in and deposit of bonds.
  • Section 13 - Financing authority as public entity -- Liberal construction of chapter.
  • Section 14 - Provisions of chapter control when conflict occurs.
  • Section 15 - Special fund -- Apportionment of excess amounts.
  • Section 16 - Deferral or abatement of taxes unaffected.
  • Section 17 - Anticipation of taxes to be considered in fixing tax rate.
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