Utah § 42a-204 - Limit on amount of assessment.

Full text of Utah Utah Code § 42a-204 — Limit on amount of assessment., with citation guidance and answers to common questions.

§ 42a-204. Limit on amount of assessment.

Effective 5/8/2018
11-42a-204.  Limit on amount of assessment.
(1) An assessment levied within an energy assessment area may not, in the aggregate, exceed the sum of:
(a) the contract price or estimated contract price;
(b) overhead costs not to exceed 15% of the sum of the contract price or estimated contract price;
(c) an amount for contingencies of not more than 10% of the sum of the contract price or estimated contract price, if the assessment is levied before the completion of the construction of the improvements in the energy assessment area;
(d) capitalized interest; or
(e) an amount sufficient to fund a reserve fund.
(2) A local entity may only use the proceeds of an energy assessment bond or any third-party financing to refinance or reimburse the costs of improvements authorized under this chapter if the property owner incurred or financed the costs no earlier than three years before the day on which the local entity:
(a) adopts a parameters resolution;
(b) adopts an energy assessment resolution or ordinance; or
(c) assigns the energy assessment lien.


Amended by Chapter 431, 2018 General Session

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

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Frequently Asked Questions About Utah § 42a-204

What does Utah Code § 42a-204 cover?

Section 42a-204 ("Limit on amount of assessment.") 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 § 42a-204?

A common citation format is "Utah Code § 42a-204" (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 § 42a-204 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.