Utah Code § 63B-20-103

Revenue Bond Authorizations -- Board of Regents
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(1) The Legislature intends that:
(a) the Board of Regents, on behalf of Utah Valley University, may issue, sell, and deliver
revenue bonds or other evidences of indebtedness of Utah Valley University to borrow money
on the credit, revenues, and reserves of the university, other than appropriations of the
Legislature, to finance the cost of constructing a Student Life and Wellness building with up to
170,000 square feet;
(b) Utah Valley University use student fees as the primary revenue sources for repayment of any
obligation created under authority of this section;
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by this
section is $40,000,000, together with other amounts necessary to pay costs of issuance, pay
capitalized interest, and fund any debt service reserve requirements;
(d) the university may plan, design, and construct the Student Life and Wellness building subject
to the requirements of Title 63A, Chapter 5b, Administration of State Facilities; and
(e) the university may not request state funds for operation and maintenance costs or capital
improvements.
(2) The Legislature intends that:
(a) the Board of Regents, on behalf of Utah Valley University, may issue, sell, and deliver
revenue bonds or other evidences of indebtedness of Utah Valley University to borrow money
on the credit, revenues, and reserves of the university, other than appropriations of the
Legislature, to finance the cost of constructing a parking structure with up to 534 stalls;
(b) Utah Valley University use parking fees as the primary revenue sources for repayment of any
obligation created under authority of this section;
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by this
section is $8,000,000, together with other amounts necessary to pay costs of issuance, pay
capitalized interest, and fund any debt service reserve requirements;
(d) the university may plan, design, and construct the parking structure, subject to the
requirements of Title 63A, Chapter 5b, Administration of State Facilities; and
(e) the university may not request state funds for operation and maintenance costs or capital
improvements.
(3) The Legislature intends that:
(a) the Board of Regents, on behalf of the University of Utah, may issue, sell, and deliver revenue
bonds or other evidences of indebtedness of the University of Utah to borrow money on the
credit, revenues, and reserves of the university, other than appropriations of the Legislature,
to finance the cost of constructing a parking structure for the Ambulatory Care Complex;
(b) the University of Utah use clinical revenues and other institutional funds as the primary
revenue sources for repayment of any obligation created under authority of this section;

(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by this
section is $16,328,000, together with other amounts necessary to pay costs of issuance, pay
capitalized interest, and fund any debt service reserve requirements;
(d) the university may plan, design, and construct the parking structure, subject to the
requirements of Title 63A, Chapter 5b, Administration of State Facilities; and
(e) the university may not request state funds for operation and maintenance costs or capital
improvements.
(4) The Legislature intends that:
(a) the Board of Regents, on behalf of the University of Utah, may issue, sell, and deliver revenue
bonds or other evidences of indebtedness of the University of Utah to borrow money on the
credit, revenues, and reserves of the university, other than appropriations of the Legislature,
to finance the cost of constructing a University of Utah Healthcare Medical Services building
with up to 70,000 square feet;
(b) the University of Utah use clinical revenues, donations, and other institutional funds as the
primary revenue sources for repayment of any obligation created under authority of this
section;
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by this
section is $25,857,000, together with other amounts necessary to pay costs of issuance, pay
capitalized interest, and fund any debt service reserve requirements;
(d) the university may plan, design, and construct the Healthcare Medical Services building,
subject to the requirements of Title 63A, Chapter 5b, Administration of State Facilities; and
(e) the university may not request state funds for operation and maintenance costs or capital
improvements.
(5) The Legislature intends that:
(a) the Board of Regents, on behalf of Snow College, may issue, sell, and deliver revenue
bonds or other evidences of indebtedness of Snow College to borrow money on the credit,
revenues, and reserves of the university, other than appropriations of the Legislature, to
finance the cost of constructing student housing with up to 93,000 square feet;
(b) Snow College use student housing rental fees as the primary revenue source for repayment
of any obligation created under authority of this section;
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by this
section is $15,689,000, together with other amounts necessary to pay costs of issuance, pay
capitalized interest, and fund any debt service reserve requirements;
(d) the university may plan, design, and construct the student housing, subject to the
requirements of Title 63A, Chapter 5b, Administration of State Facilities; and
(e) the university may not request state funds for operation and maintenance costs or capital
improvements.
(6) The Legislature intends that:
(a) the Board of Regents, on behalf of the University of Utah, may issue, sell, and deliver revenue
bonds or other evidences of indebtedness of the University of Utah to borrow money on the
credit, revenues, and reserves of the university, other than appropriations of the Legislature,
to finance the cost of expanding the Dee Glen Smith Athletic Center with up to 115,000 new
square feet;
(b) the University of Utah use donations and television revenues as the primary revenue sources
for repayment of any obligation created under authority of this section;
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by this
section is $30,000,000, together with other amounts necessary to pay costs of issuance, pay
capitalized interest, and fund any debt service reserve requirements;

(d) the university may plan, design, and construct the athletic center subject to the requirements
of Title 63A, Chapter 5b, Administration of State Facilities; and
(e) the university may not request state funds for operation and maintenance costs or capital
improvements.
(7) The Legislature intends that:
(a) the Board of Regents, on behalf of the University of Utah, may issue, sell, and deliver revenue
bonds or other evidences of indebtedness of the University of Utah to borrow money on the
credit, revenues, and reserves of the university, other than appropriations of the Legislature,
to finance the cost of acquiring the University of Utah South Jordan Health Center that is
currently leased;
(b) the University of Utah use clinical enterprise revenues as the primary source for repayment of
any obligation created under authority of this section;
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by this
section is $66,000,000, together with other amounts necessary to pay costs of issuance, pay
capitalized interest, and fund any debt service reserve requirements;
(d) no state funds be used for any portion of this project; and
(e) the university may not request state funds for operation and maintenance costs or capital
improvements.
(8) The Legislature intends that:
(a) the Board of Regents, on behalf of Weber State University, may issue, sell, and deliver
revenue bonds or other evidences of indebtedness of Weber State University to borrow
money on the credit, revenues, and reserves of the university, other than appropriations
of the Legislature, to finance a portion of the cost of constructing a Professional Programs
Classroom Building on the Davis Campus;
(b) Weber State University use student fees and other contributions as the primary revenue
sources for repayment of any obligation created under authority of this section;
(c) the maximum amount of revenue bonds or evidences of indebtedness authorized by this
section is $8,400,000, together with other amounts necessary to pay costs of issuance, pay
capitalized interest, and fund any debt service reserve requirements;
(d) the university may plan, design, and construct the classroom building subject to the
requirements of Title 63A, Chapter 5b, Administration of State Facilities; and
(e) the university may not request state funds for operation and maintenance costs or capital
improvements.

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