Utah § 10-7-17 - Opening of bids -- Amount to equal or exceed appraised value and amount of outstanding indebtedness.

Full text of Utah Utah Code § 10-7-17 — Opening of bids -- Amount to equal or exceed appraised value and amount of outstanding indebtedness., with citation guidance and answers to common questions.

§ 10-7-17. Opening of bids -- Amount to equal or exceed appraised value and amount of outstanding indebtedness.

10-7-17.  Opening of bids -- Amount to equal or exceed appraised value and amount of outstanding indebtedness.
     At the time and place mentioned in the notice under Section 10-7-16, all bids received by the municipal legislative body for the property sought to be sold or leased shall be opened and considered, and the municipal legislative body shall, subject to approval of voters at an election held under Section 10-7-15, accept the bid of the highest responsible bidder, as defined in Section 10-7-16, if the bid price:
(1)
(a) is for an amount equal to or exceeding the appraised value of the property to be sold, as determined under Subsection 10-7-15(1); or
(b) in the judgment of the municipal legislative body, is an adequate price for the property; and
(2) equals or exceeds the total principal and interest on any outstanding bonds and other indebtedness issued for the purpose of constructing the works or plant.


Amended by Chapter 90, 2002 General Session

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

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Frequently Asked Questions About Utah § 10-7-17

What does Utah Code § 10-7-17 cover?

Section 10-7-17 ("Opening of bids -- Amount to equal or exceed appraised value and amount of outstanding indebtedness.") 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 § 10-7-17?

A common citation format is "Utah Code § 10-7-17" (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 § 10-7-17 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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