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H.B. 210 Enrolled

                 

HIGHER EDUCATION REVENUE BOND

                 
2000 GENERAL SESSION

                 
STATE OF UTAH

                 
Sponsor: Jeff Alexander

                  AN ACT RELATING TO HIGHER EDUCATION; MODIFYING CERTAIN REVENUE BOND
                  AUTHORIZATIONS; REPEALING OBSOLETE AUTHORIZATIONS; AND MAKING
                  TECHNICAL CORRECTIONS.
                  This act affects sections of Utah Code Annotated 1953 as follows:
                  AMENDS:
                      53B-22-106, as enacted by Chapter 32, Laws of Utah 1991
                  REPEALS:
                      53B-22-101, as enacted by Chapter 15, Laws of Utah 1987, First Special Session
                      53B-22-108, as enacted by Chapter 177, Laws of Utah 1992
                      53B-22-110, as enacted by Chapter 209, Laws of Utah 1994
                  Be it enacted by the Legislature of the state of Utah:
                      Section 1. Section 53B-22-106 is amended to read:
                       53B-22-106. Utah Valley State College revenue bonds -- Student center addition.
                      (1) The State Board of Regents, on behalf of Utah Valley [Community] State College, may
                  issue, sell, and deliver revenue bonds or other evidences of indebtedness of Utah Valley
                  [Community] State College to borrow money on the credit of the income and revenues of Utah
                  Valley [Community] State College, other than appropriations of the Legislature, to finance the cost
                  of constructing, furnishing, and equipping a student center addition.
                      (2) The bonds or other evidences of indebtedness authorized by this section may not exceed
                  [$4,400,000] $13,500,000 and shall be issued in accordance with Title 53B, Chapter 21, Revenue
                  Bonds, under such terms and conditions and in such amounts as the board, by resolution,
                  determines are reasonable and necessary.
                      Section 2. Repealer.
                      This act repeals:
                      Section 53B-22-101, University of Utah revenue bonds -- Utility submetering devices

                  at student housing.
                      Section 53B-22-108, Utah State University revenue bonds -- PBX telephone switch.
                      Section 53B-22-110, Snow College revenue bonds -- Administration-student center.

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