53B-22-109 - Salt Lake Community College revenue bonds -- Science/major industry building. - Utah Statutes

53B-22-109. Salt Lake Community College revenue bonds -- Science/majorindustry building.
(1) The State Board of Regents, on behalf of Salt Lake Community College, may issue,sell, and deliver revenue bonds or other evidences of indebtedness of Salt Lake CommunityCollege to borrow money on the credit of the income and revenues of Salt Lake CommunityCollege, other than appropriations of the Legislature, to finance the partial cost of constructing,furnishing, and equipping a science/major industry building.
(2) The bonds or other evidences of indebtedness authorized by this section may notexceed $5,150,000 and shall be issued in accordance with Title 53B, Chapter 21, RevenueBonds, under terms and conditions and in amounts that the board, by resolution, determines arereasonable and necessary.

Amended by Chapter 209, 1994 General Session