Utah § 10d-6 - Contents of agreements and reports required where bonds are issued that mature more than 10 years after project begins operation.

Full text of Utah Utah Code § 10d-6 — Contents of agreements and reports required where bonds are issued that mature more than 10 years after project begins operation., with citation guidance and answers to common questions.

§ 10d-6. Contents of agreements and reports required where bonds are issued that mature more than 10 years after project begins operation.

73-10d-6.  Contents of agreements and reports required where bonds are issued that mature more than 10 years after project begins operation.
(1) If a municipality or county issues bonds to finance the cost of a privatization project and the bonds mature more than 10 years after the privatization project begins operation, the political subdivision contracting with a private owner/operator for the services of the privatization project shall assure that the minimum level of services under contract, payment for the services, and the supply of drinking water, water, or wastewater required in connection with the provision of those services will be sufficient to generate enough income, after payment of operating expenses, to fund reserves for repair and replacement, and to discharge any other obligation of the political subdivision to the private owner/operator under any agreement, and together with all other sources of revenue pledged for payment of the bonds, to pay all principal and interest on the bonds during the term of the bonded indebtedness. The assurance may take the form of:
(a) long-term agreements, at least equal to the period of the bonded indebtedness, with other political subdivisions or other persons; or
(b) ordinances, franchises, or other forms of regulation requiring sufficient quantities of drinking water, water, or wastewater.
(2) The supervising agency shall establish rules for periodic reporting by any political subdivision that establishes ordinances, franchises, or other forms of regulation under Subsection (1) and Subsection 73-10d-4(3). The reports shall include information about the services being provided by the privatization project and whether the charges made for those services together with all other sources of revenue pledged for the payment of principal and interest on the bonds, are sufficient to meet the debt service on the bonds.


Amended by Chapter 245, 1985 General Session

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

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Frequently Asked Questions About Utah § 10d-6

What does Utah Code § 10d-6 cover?

Section 10d-6 ("Contents of agreements and reports required where bonds are issued that mature more than 10 years after project begins operation.") 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 § 10d-6?

A common citation format is "Utah Code § 10d-6" (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 § 10d-6 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.

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