Utah § 73-10-25.1 - Credit enhancement and interest buy-down agreements.
Full text of Utah Utah Code § 73-10-25.1 — Credit enhancement and interest buy-down agreements., with citation guidance and answers to common questions.
§ 73-10-25.1. Credit enhancement and interest buy-down agreements.
73-10-25.1. Credit enhancement and interest buy-down agreements.
| (1) | The Board of Water Resources may enter into credit enhancement agreements with political subdivisions containing terms and provisions that the board determines will reasonably improve the security for or marketability of water project obligations financed using the Water Resources Conservation and Development Fund created in Section 73-10-24. Credit enhancement agreements may include provisions for loans to political subdivisions to pay the costs of obtaining letters of credit or other forms of insurance or security to provide security for water project obligations. |
| (2) | The Board of Water Resources may make loans or grants from the Water Resources Conservation and Development Fund to political subdivisions for interest buy-down agreements for water development projects. |
Amended by Chapter 105, 2025 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 73-10-25.1
What does Utah Code § 73-10-25.1 cover?
Section 73-10-25.1 ("Credit enhancement and interest buy-down agreements.") 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 § 73-10-25.1?
A common citation format is "Utah Code § 73-10-25.1" (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 § 73-10-25.1 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.