(1) |
In addition to all other rights that are conferred on an obligee of a bond issued by the authority under this part and subject to contractual restrictions binding on the obligee, an obligee may:
Terms Used In Utah Code 63H-1-605- Authority: means the Military Installation Development Authority, created under Section 63H-1-201. See Utah Code 63H-1-102
- Board: means the governing body of the authority created under Section 63H-1-301. See Utah Code 63H-1-102
- Contract: A legal written agreement that becomes binding when signed.
- Development: includes the demolition, construction, reconstruction, modification, expansion, maintenance, operation, or improvement of a building, facility, utility, landscape, parking lot, park, trail, or recreational amenity. See Utah Code 63H-1-102
- Development project: means a project to develop land within a project area. See Utah Code 63H-1-102
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(a) |
by mandamus, suit, action, or other proceeding, compel an authority and its board, officers, agents, or employees to perform every term, provision, and covenant contained in any contract of the authority with or for the benefit of the obligee, and require the authority to carry out the covenants and agreements of the authority and to fulfill all duties imposed on the authority by this part; and |
(b) |
by suit, action, or proceeding in equity, enjoin any acts or things that may be unlawful or violate the rights of the obligee. |
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