Authority jurisdictional land: means land within the authority boundary delineated:
(a)
in the electronic shapefile that is the electronic component of H. See Utah Code 11-58-102
Deed: The legal instrument used to transfer title in real property from one person to another.
Development: means :
(a)
the demolition, construction, reconstruction, modification, expansion, or improvement of a building, utility, infrastructure, landscape, parking lot, park, trail, recreational amenity, or other facility, including public infrastructure and improvements; and
(b)
the planning of, arranging for, or participation in any of the activities listed in Subsection (7)(a). See Utah Code 11-58-102
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
the state, including each department, division, or other agency of the state; or
(b)
a county, city, town, metro township, school district, special district, special service district, interlocal cooperation entity, community reinvestment agency, or other political subdivision of the state, including the authority. See Utah Code 11-58-102
(a)
the income and revenues of the projects financed with the proceeds of the bonds;
(b)
the income and revenues of certain designated projects whether or not they were financed in whole or in part with the proceeds of the bonds;
(c)
the income, proceeds, revenues, property, and funds the authority derives from or holds in connection with its undertaking and carrying out development of authority jurisdictional land;
(d)
property tax differential funds;
(e)
authority revenues generally;
(f)
a contribution, loan, grant, or other financial assistance from the federal government or a public entity in aid of the authority; or
(g)
funds derived from any combination of the methods listed in Subsections (1)(a) through (f).
(2)
In connection with the issuance of authority bonds, the authority may:
(a)
pledge all or any part of its gross or net rents, fees, or revenues to which its right then exists or may thereafter come into existence;
(b)
encumber by mortgage, deed of trust, or otherwise all or any part of its real or personal property, then owned or thereafter acquired; and
(c)
make the covenants and take the action that may be necessary, convenient, or desirable to secure its bonds, or, except as otherwise provided in this chapter, that will tend to make the bonds more marketable, even though such covenants or actions are not specifically enumerated in this chapter.
