Utah Code § 17D-2-506
Other entities not responsible for local building authority bonds or breach of mortgage and other obligations
Utah · Utah Code Title 17D — Limited Purpose Local Government Entities - Other Entities · Status: effective
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- Citation
- Utah Code § 17D-2-506, Other entities not responsible for local building authority bonds or breach of mortgage and other obligations, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2330141
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Full text
(1) Nothing in this part may be construed to require:
(a) the state or any political subdivision of the state to pay a bond issued under this part;
(b) the state or, except the creating local entity, any political subdivision of the state to pay any rent or lease payment due to a local building authority under the terms of a lease agreement; or
(c) the creating local entity to appropriate money to pay:
(i) principal of or interest on bonds issued by a local building authority; or
(ii) the lease payments under a lease agreement with the local building authority.
(2) A breach of a mortgage or a covenant or agreement in a mortgage may not impose a general obligation or liability upon or a charge against:
(a) the creating local entity; or
(b) the general credit or taxing power of the state or any political subdivision of the state.