11-8-3 - Department of Environmental Quality to negotiate loans for sewage facilities. - Utah Statutes

11-8-3. Department of Environmental Quality to negotiate loans for sewagefacilities.
(1) The Department of Environmental Quality may negotiate loans from the RetirementSystems Fund, State Land Principal Fund, Workers' Compensation Fund, or any state trust andagency fund which has sums available for loaning, as these funds are defined in Title 51, Chapter5, Funds Consolidation Act, not to exceed $1,000,000 in any fiscal year for the purposes ofproviding the funding for the loans provided for in Section 11-8-2.
(2) The terms of any borrowing and repayment shall be negotiated between the borrowerand the lender consistent with the legal duties of the lender.

Amended by Chapter 222, 2000 General Session