State Codes and Statutes
Statutes > Utah > Title-63b > Chapter-01 > 63b-1-30863B-1-308. Payment of obligations out of rentals -- Other governmental entities notliable for payment -- Appropriations for increased rentals -- Defaulting bodies to quitpremises.
(1) Except as secured as provided in this part:
(a) each obligation issued or caused to be issued by the authority, and the interest on thatobligation, is payable solely out of rentals or lease payments received by the authority for thefacilities constructed or acquired under this part; and
(b) each obligation shall state that information on its face.
(2) Except to the extent that facilities are encumbered, nothing in this part may beconstrued to:
(a) require the state, or any department, board, commission, agency, or politicalsubdivision of the state, other than the authority, to pay any part of any obligation issued orcaused to be issued under this part, or any interest on any of those obligations;
(b) require the state or any department, board, commission, agency or politicalsubdivision of the state, other than the state body or state bodies leasing any portion of thefacilities, to pay any rental due to the authority by any state body under the terms of any lease offacilities; or
(c) require the Legislature to appropriate any money to pay these obligations, interest, orrentals.
(3) If the rentals paid by a state body to the authority are insufficient to pay the principaland interest on the obligations or other amounts payable from rentals when due, the governormay request the Legislature to appropriate additional funds to that body for the payment ofincreased rentals.
(4) If a state body fails to pay any rentals due to the authority under the terms of any leaseor agreement for facilities, that body shall immediately quit and vacate the portion of that facilitythat it has occupied under that lease or agreement, and the rental or lease obligation under thelease or agreement shall then cease.
Renumbered and Amended by Chapter 86, 2003 General Session
