63B-1-311 - Cost of acquiring or constructing facility. - Utah Statutes

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Statutes > Utah > Title-63b > Chapter-01 > 63b-1-311

63B-1-311. Cost of acquiring or constructing facility.
The cost of acquiring or constructing any facility shall be considered to include thefollowing:
(1) the actual cost of acquiring or improving real estate;
(2) the actual cost of enlarging, constructing, reconstructing, improving, replacing,restoring, renovating, maintaining, equipping, or furnishing all or any part of a facility, includingarchitects' or engineers' fees; and
(3) all expenses connected with the authorization, sale, and issuance of the obligations tofinance the acquisition or construction, including:
(a) fees for outside attorneys or accountants whose opinions are required to secure theissuance of those obligations;
(b) financial advisors' fees and commissions;
(c) printing costs;
(d) those amounts that the authority considers necessary to establish bond reserves andmaintenance, repair, replacement, and contingency funds and accounts; and
(e) the interest on these obligations for a reasonable time before, during, and for areasonable period of time after, completion of the acquisition or construction.

Renumbered and Amended by Chapter 86, 2003 General Session

State Codes and Statutes

Statutes > Utah > Title-63b > Chapter-01 > 63b-1-311

63B-1-311. Cost of acquiring or constructing facility.
The cost of acquiring or constructing any facility shall be considered to include thefollowing:
(1) the actual cost of acquiring or improving real estate;
(2) the actual cost of enlarging, constructing, reconstructing, improving, replacing,restoring, renovating, maintaining, equipping, or furnishing all or any part of a facility, includingarchitects' or engineers' fees; and
(3) all expenses connected with the authorization, sale, and issuance of the obligations tofinance the acquisition or construction, including:
(a) fees for outside attorneys or accountants whose opinions are required to secure theissuance of those obligations;
(b) financial advisors' fees and commissions;
(c) printing costs;
(d) those amounts that the authority considers necessary to establish bond reserves andmaintenance, repair, replacement, and contingency funds and accounts; and
(e) the interest on these obligations for a reasonable time before, during, and for areasonable period of time after, completion of the acquisition or construction.

Renumbered and Amended by Chapter 86, 2003 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-63b > Chapter-01 > 63b-1-311

63B-1-311. Cost of acquiring or constructing facility.
The cost of acquiring or constructing any facility shall be considered to include thefollowing:
(1) the actual cost of acquiring or improving real estate;
(2) the actual cost of enlarging, constructing, reconstructing, improving, replacing,restoring, renovating, maintaining, equipping, or furnishing all or any part of a facility, includingarchitects' or engineers' fees; and
(3) all expenses connected with the authorization, sale, and issuance of the obligations tofinance the acquisition or construction, including:
(a) fees for outside attorneys or accountants whose opinions are required to secure theissuance of those obligations;
(b) financial advisors' fees and commissions;
(c) printing costs;
(d) those amounts that the authority considers necessary to establish bond reserves andmaintenance, repair, replacement, and contingency funds and accounts; and
(e) the interest on these obligations for a reasonable time before, during, and for areasonable period of time after, completion of the acquisition or construction.

Renumbered and Amended by Chapter 86, 2003 General Session