Utah § 42a-402 - Energy assessment bond not a local entity's general obligation -- Liability and responsibility of a local entity issuing an energy assessment bond -- No state liability.

Full text of Utah Utah Code § 42a-402 — Energy assessment bond not a local entity's general obligation -- Liability and responsibility of a local entity issuing an energy assessment bond -- No state liability., with citation guidance and answers to common questions.

§ 42a-402. Energy assessment bond not a local entity's general obligation -- Liability and responsibility of a local entity issuing an energy assessment bond -- No state liability.

Effective 3/28/2017
11-42a-402.  Energy assessment bond not a local entity's general obligation -- Liability and responsibility of a local entity issuing an energy assessment bond -- No state liability.
(1)
(a) An energy assessment bond that a local entity issues under this chapter:
(i) is a limited obligation of the local entity; and
(ii) does not constitute nor give rise to:
(A) a general obligation or liability of the local entity or the state; or
(B) a charge against the general credit or taxing powers of the local entity or the state.
(b) The local entity shall ensure that the limitation described in Subsection (1)(a) is plainly stated upon the face of the bond.
(c) The assessments and the property upon which the energy assessment lien is recorded are the sole securities for an energy assessment bond.
(2)
(a) A local entity that issues an energy assessment bond is not liable and may not obligate itself for payment of the bond, except for a fund that the local entity creates and receives from assessments against which the bond is issued.
(b) Unless otherwise provided in this chapter, a local entity that issues an energy assessment bond is responsible for:
(i) the lawful levy of all assessments; and
(ii) the faithful accounting, collection, settlement, and payment of assessments.


Enacted by Chapter 470, 2017 General Session

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

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Frequently Asked Questions About Utah § 42a-402

What does Utah Code § 42a-402 cover?

Section 42a-402 ("Energy assessment bond not a local entity's general obligation -- Liability and responsibility of a local entity issuing an energy assessment bond -- No state liability.") 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-402?

A common citation format is "Utah Code § 42a-402" (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-402 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.