Utah § 10d-5 - Bond issues -- Debt not authorized -- Project not a public utility -- Financing as an industrial facility.
Full text of Utah Utah Code § 10d-5 — Bond issues -- Debt not authorized -- Project not a public utility -- Financing as an industrial facility., with citation guidance and answers to common questions.
§ 10d-5. Bond issues -- Debt not authorized -- Project not a public utility -- Financing as an industrial facility.
| (1) | The governing body of any municipality or county may, under Title 11, Chapter 17, Utah Industrial Facilities and Development Act, and this chapter, issue bonds to finance the costs of privatization projects within or partially within its own jurisdiction, on behalf of private owner/operators, all pursuant to contracts and other arrangements provided for in the proceedings under which the bonds are issued. Privatization projects shall provide services to one or more political subdivisions, which may include the municipality or county issuing bonds. |
| (2) | All bonds issued under this chapter shall be limited obligations of the municipality or county issuing the bonds. Bonds issued under this chapter or interest on them do not constitute nor give rise to a general obligation of the state, the issuer of the bonds, or any other political subdivision, nor are they a charge against the general credit or taxing powers of the state, the issuer, or any other political subdivision. This limitation shall be plainly stated on the face of the bonds. The bonds are not payable from any funds other than those of the municipality or county that shall be specifically pledged for that purpose in accordance with this chapter and Title 11, Chapter 17, Utah Industrial Facilities and Development Act. |
| (3) | All expenses incurred in carrying out any provision of this chapter with respect to a privatization project are payable solely as provided under this chapter, and nothing in this chapter shall be construed to authorize the issuer of bonds to incur indebtedness or liability on behalf of or payable by the state or any political subdivision. |
| (4) | A privatization project or its private owner/operator is not a "public utility" for any purpose of Title 54, Chapter 2, General Provisions, with respect to any privatization project or the services provided thereby. |
| (5) | For purposes of Title 11, Chapter 17, Utah Industrial Facilities and Development Act, a privatization project is a "project" as defined in Section 11-17-2. |
Amended by Chapter 93, 1990 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 10d-5
What does Utah Code § 10d-5 cover?
Section 10d-5 ("Bond issues -- Debt not authorized -- Project not a public utility -- Financing as an industrial facility.") 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-5?
A common citation format is "Utah Code § 10d-5" (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-5 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.