Full text of Utah Utah Code § 10-18-302 — Bonding authority., with citation guidance and answers to common questions.
§ 10-18-302. Bonding authority.
Effective 5/7/2025 10-18-302.
Bonding authority.
(1)
In accordance with Title 11, Chapter 14, Local Government Bonding Act, the legislative body of a municipality may by resolution determine to issue one or more revenue bonds or general obligation bonds to finance the capital costs for facilities necessary to provide to subscribers:
Except as provided in Subsection (3)(a)(ii), a municipality may not pay the origination, financing, or other carrying costs associated with one or more revenue bonds issued under this section from the municipality's general funds or other enterprise funds.
(4)
A municipality may only issue a revenue bond described in Subsection (3)(a)(i)(A) if the legislative body of the municipality obtains the approval of registered voters at an election held in accordance with Title 11, Chapter 14, Local Government Bonding Act.
(5)
A municipality may only issue a revenue bond described in Subsection (3)(a)(ii) if:
(a)
notwithstanding Subsection 11-14-201(3) and except as provided in Subsection (6), the revenue bond is approved by the registered voters in an election held:
(i)
except as provided in Subsection (5)(a)(ii), pursuant to the provisions of Title 11, Chapter 14, Local Government Bonding Act, that govern bond elections; and
(ii)
notwithstanding Subsection 11-14-203(2), at a regular general election;
(b)
the revenues described in Subsection (3)(a)(ii) are pledged as security for the revenue bond; and
(c)
the municipality annually appropriates the revenues described in Subsection (3)(a)(ii) to secure and pay the revenue bond issued under this section.
(6)
The voter approval requirement described in Subsection (5) does not apply to a municipality that issues a revenue bond described in Subsection (3)(a)(ii), if:
(a)
the bond is issued to finance a cable television service or a public telecommunications service;
(b)
(i)
the municipality that is issuing the revenue bond holds a public hearing for which public notice was given by publication of the notice for the municipality, as a class A notice under Section 63G-30-102, for 14 days before the day of the public hearing; and
the maximum amount of the revenues described in Subsection (3)(a)(ii) that will be pledged in any fiscal year;
(D)
the maximum number of years that the pledge will be in effect; and
(E)
the time, place, and location for the public hearing; and
(c)
not more than 50% of the average annual debt service of all revenue bonds described in this section to provide service throughout the municipality or municipal entity may be paid from the revenues described in Subsection (3)(a)(ii).
(7)
A municipality that issues a bond pursuant to this section may not make or grant any undue or unreasonable preference or advantage to the municipality or to any private provider of:
(a)
a broadband service;
(b)
a cable television service; or
(c)
a public telecommunications service.
(8)
A municipality that issues a bond pursuant to this section shall timely disclose to the general public all matters material to the municipality's issuance of a bond to fund the service, including:
Section 10-18-302 ("Bonding authority.") 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 § 10-18-302?
A common citation format is "Utah Code § 10-18-302" (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 § 10-18-302 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.
