17B-1-1104.  Pledge of revenues to pay for bonds.
     Bonds may be payable from and secured by the pledge of all or any specified part of:

(1)  the revenues to be derived by the special district from providing its services and from the operation of its facilities and other properties;

Terms Used In Utah Code 17B-1-1104

  • facilities: includes any structure, building, system, land, water right, water, or other real or personal property required to provide a service that a special district is authorized to provide, including any related or appurtenant easement or right-of-way, improvement, utility, landscaping, sidewalk, road, curb, gutter, equipment, or furnishing. See Utah Code 17B-1-102
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • Special assessment: means an assessment levied against property to pay all or a portion of the costs of making improvements that benefit the property. See Utah Code 17B-1-102
  • Special district: means a limited purpose local government entity, as described in Section 17B-1-103, that operates under, is subject to, and has the powers described in:
(a) this chapter; or
(b) 
(i) this chapter; and
(ii) 
(A) 1;
(B) 2;
(C) 3;
(D) 4;
(E) 5;
(F) 6;
(G) 7;
(H) 8;
(I) 9;
(J) 10; or
(K) 11. See Utah Code 17B-1-102
  • State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
  • (2)  sales and use taxes, property taxes, and other taxes;

    (3)  federal, state, or local grants;

    (4)  in the case of special assessment bonds, the special assessments pledged to repay the special assessment bonds; and

    (5)  other money legally available to the district.

    Amended by Chapter 15, 2023 General Session