Utah § 17-63-901 - Authority and applicable procedure for issuance of bonds -- Application of proceeds -- Debt limit.

Full text of Utah Utah Code § 17-63-901 — Authority and applicable procedure for issuance of bonds -- Application of proceeds -- Debt limit., with citation guidance and answers to common questions.

§ 17-63-901. Authority and applicable procedure for issuance of bonds -- Application of proceeds -- Debt limit.

Effective 11/6/2025
17-63-901.  Authority and applicable procedure for issuance of bonds -- Application of proceeds -- Debt limit.
(1)This part is adopted for the purpose of:
(a)eliminating or reducing, so far as possible, the ad valorem taxes necessary to be levied for the payment of bonds;
(b)improving the security of bonds; and
(c)ensuring that the holders of the bonds from time to time shall have a vested and enforceable contract right in the provisions of the bond proceedings made in accordance with the provisions of this part.
(2)
(a)Except as otherwise provided under Section 17-60-203, the county legislative body may contract a bonded indebtedness in the manner and subject to the conditions provided under Title 11, Chapter 14, Local Government Bonding Act.
(b)The revenue derived from the sale of bonds shall be applied only to the purpose or purposes specified in the order of the county legislative body.
(c)If there is any surplus, the surplus shall be applied to the payment of the bonds.
(3)A county may not become so indebted to an amount, including existing indebtedness, exceeding 2% of the fair market value, as defined under Section 59-2-102, of the taxable property in the county as computed from the last equalized assessment roll for county purposes before the county incurred the indebtedness.


Renumbered and Amended by Chapter 13, 2025 Special Session 1

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 17-63-901

What does Utah Code § 17-63-901 cover?

Section 17-63-901 ("Authority and applicable procedure for issuance of bonds -- Application of proceeds -- Debt limit.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 17-63-901?

A common citation format is "Utah Code § 17-63-901" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 17-63-901 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.