Utah Code 63B-1b-103. Limitation on issuance of bonds — Legislative approval required
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Terms Used In Utah Code 63B-1b-103
- 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
No bonds may be authorized or issued under this chapter without the prior approval of the Legislature.
Enacted by Chapter 251, 2011 General Session