As used in this part:

(1)  “Acquire or construct,” “acquired or constructed,” “constructed or acquired,” “acquiring or constructing,” or “acquisition or construction” means any acquisition, construction, reconstruction, restoration, enlargement, improvement, renovation, repair, replacement, equipping or furnishing, in whole or in part, of a facility.

Terms Used In Utah Code 63B-1-303

  • acquisition or construction: means any acquisition, construction, reconstruction, restoration, enlargement, improvement, renovation, repair, replacement, equipping or furnishing, in whole or in part, of a facility. See Utah Code 63B-1-303
  • Authority: means the State Building Ownership Authority created by this part. See Utah Code 63B-1-303
  • Bonds: means any bonds, bond anticipation notes, or other obligations authorized under this title for which the full faith, credit, and resources and ad valorem taxing power of the state have been pledged for the payment of the principal of and interest on the bonds. See Utah Code 63B-1-101
  • Commission: means the State Bonding Commission created in Section 63B-1-201. See Utah Code 63B-1-101
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Division: means the Division of Facilities Construction and Management. See Utah Code 63B-1-303
  • facilities: means any public building, structure, highway, or property for any governmental purpose of state bodies, and the related and appurtenant easements, rights-of-way, improvements, paving, utilities, landscaping, parking facilities, and the lands, interests in land, and grounds, together with the personal property necessary, convenient, or appurtenant to them. See Utah Code 63B-1-303
  • Facility: includes a golf course. See Utah Code 63B-1-303
  • Highway: includes :Utah Code 68-3-12.5
  • Land: includes :Utah Code 68-3-12.5
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage: means any mortgage, trust deed, indenture, pledge agreement, assignment, security agreement, financing statement, or other instrument that encumbers property as security for obligations. See Utah Code 63B-1-303
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Obligations: means any mortgage certificates, notes, debentures, interim certificates, revenue bonds, or other evidences of financial indebtedness. See Utah Code 63B-1-303
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • 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
  • state bodies: includes a college or university when the obligation to be issued will finance the acquisition or construction of research facilities, housing facilities, or student centers at the college or university. See Utah Code 63B-1-303
(2)  “Authority” means the State Building Ownership Authority created by this part.

(3)  “Division” means the Division of Facilities Construction and Management.

(4) 

(a)  “Facility” or “facilities” means any public building, structure, highway, or property for any governmental purpose of state bodies, and the related and appurtenant easements, rights-of-way, improvements, paving, utilities, landscaping, parking facilities, and the lands, interests in land, and grounds, together with the personal property necessary, convenient, or appurtenant to them.

(b)  “Facility” includes a golf course.

(5)  “Mortgage” means any mortgage, trust deed, indenture, pledge agreement, assignment, security agreement, financing statement, or other instrument that encumbers property as security for obligations.

(6) 

(a)  “Obligations” means any mortgage certificates, notes, debentures, interim certificates, revenue bonds, or other evidences of financial indebtedness.

(b)  “Obligations” does not mean general obligation bonds.

(7) 

(a)  “State body” or “state bodies” means the state and any department, board, commission, or agency of the state.

(b)  Except as provided in Subsection (7)(c), “state body” or “state bodies” does not mean colleges and universities.

(c)  “State body” or “state bodies” includes a college or university when the obligation to be issued will finance the acquisition or construction of research facilities, housing facilities, or student centers at the college or university.

Renumbered and Amended by Chapter 86, 2003 General Session

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