Utah § 11-59-602 - Sources from which bonds may be payable -- Authority powers regarding bonds.

Full text of Utah Utah Code § 11-59-602 — Sources from which bonds may be payable -- Authority powers regarding bonds., with citation guidance and answers to common questions.

§ 11-59-602. Sources from which bonds may be payable -- Authority powers regarding bonds.

Effective 5/1/2024
11-59-602.  Sources from which bonds may be payable -- Authority powers regarding bonds.
(1)The principal and interest on bonds issued by the authority may be made payable from:
(a)the income and revenues of the projects financed with the proceeds of the bonds;
(b)the income and revenues of certain designated projects whether or not they were financed in whole or in part with the proceeds of the bonds;
(c)the income, proceeds, revenues, property, and funds the authority derives from or holds in connection with its undertaking and carrying out development of point of the mountain state land;
(d)revenue from an annual assessment under Section 11-59-207;
(e)authority revenues generally;
(f)a contribution, loan, grant, or other financial assistance from the federal government or a public entity in aid of the authority; or
(g)funds derived from any combination of the methods listed in Subsections (1)(a) through (f).
(2)In connection with the issuance of authority bonds, the authority may:
(a)pledge all or any part of its gross or net rents, fees, or revenues to which authority right then exists or may thereafter come into existence;
(b)encumber by mortgage, deed of trust, or otherwise all or any part of authority real or personal property, then owned or thereafter acquired; and
(c)make the covenants and take the action that may be necessary, convenient, or desirable to secure authority bonds, or, except as otherwise provided in this chapter, that will tend to make the bonds more marketable, even though the covenants or actions are not specifically enumerated in this chapter.


Enacted by Chapter 207, 2024 General Session

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

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Frequently Asked Questions About Utah § 11-59-602

What does Utah Code § 11-59-602 cover?

Section 11-59-602 ("Sources from which bonds may be payable -- Authority powers regarding bonds.") 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 § 11-59-602?

A common citation format is "Utah Code § 11-59-602" (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 § 11-59-602 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

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