11-14-318. Public hearing required — Notice.
| (1) |
Before issuing bonds authorized under this chapter, a local political subdivision shall:
Terms Used In Utah Code 11-14-318
| (a) |
in accordance with Subsection (2), provide public notice of the local political subdivision’s intent to issue bonds; and |
| (b) |
hold a public hearing:
| (i) |
if an election is required under this chapter:
| (A) |
no sooner than 30 days before the day on which the notice of election is published under Section 11-14-202; and |
| (B) |
no later than five business days before the day on which the notice of election is published under Section 11-14-202; and |
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| (ii) |
to receive input from the public with respect to:
| (A) |
the issuance of the bonds; and |
| (B) |
the potential economic impact that the improvement, facility, or property for which the bonds pay all or part of the cost will have on the private sector. |
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| (2) |
A local political subdivision shall:
| (a) |
publish the notice required by Subsection (1)(a) for the local political subdivision, as a class A notice under Section 63G-30-102, for no less than 14 days before the day of the public hearing required by Subsection (1)(b); and |
| (b) |
ensure that the notice:
| (i) |
identifies:
| (A) |
the purpose for the issuance of the bonds; |
| (B) |
the maximum principal amount of the bonds to be issued; |
| (C) |
the taxes, if any, proposed to be pledged for repayment of the bonds; and |
| (D) |
the time, place, and location of the public hearing; and |
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| (ii) |
informs the public that the public hearing will be held for the purposes described in Subsection (1)(b)(ii). |
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Amended by Chapter 435, 2023 General Session
