“Agency bonds” means any bond, note, contract, or other evidence of indebtedness representing loans or grants made by an authorizing agency.
Terms Used In Utah Code 63B-1b-102
Authorizing agency: means the board, person, or unit with legal responsibility for administering and managing revolving loan funds. See Utah Code 63B-1b-102
Bond document: means :
(a)
a resolution of the commission; or
(b)
an indenture or other similar document authorized by the commission that authorizes and secures outstanding revenue bonds from time to time. See Utah Code 63B-1b-102
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
Contract: A legal written agreement that becomes binding when signed.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
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)
“Authorized official” means the state treasurer or other person authorized by a bond document to perform the required action.
(3)
“Authorizing agency” means the board, person, or unit with legal responsibility for administering and managing revolving loan funds.
(4)
“Bond document” means:
(a)
a resolution of the commission; or
(b)
an indenture or other similar document authorized by the commission that authorizes and secures outstanding revenue bonds from time to time.
(5)
“Commission” means the State Bonding Commission, created in Section 63B-1-201.
(6)
“Revenue bonds” means any special fund revenue bonds issued under this chapter.
(7)
“Revolving Loan Funds” means:
(a)
the Water Resources Conservation and Development Fund, created in Section 73-10-24;
(b)
the Water Resources Construction Fund, created in Section 73-10-8;
(c)
the Water Resources Cities Water Loan Fund, created in Section 73-10-22;
(d)
the Clean Fuel Conversion Funds, created in 4;
(e)
the Water Development Security Fund and its subaccounts, created in Section 73-10c-5;
(f)
the Agriculture Resource Development Fund, created in Section 4-18-106;
(g)
the Utah Rural Rehabilitation Fund, created in Section 4-19-105;
(h)
the Permanent Community Impact Fund, created in Section 35A-8-303;
(i)
the Petroleum Storage Tank Fund, created in Section 19-6-409; and
(j)
the State Infrastructure Bank Fund, created in Section 72-2-202.
Amended by Chapter 100, 2022 General Session Amended by Chapter 451, 2022 General Session
