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Bonds | |
2004 Bonding and Financing Authorizations | |
Section 301 | Lease-purchase authorizations. |
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63B-13-301. Lease-purchase authorizations. (1) It is the intent of the Legislature that the Mountainland Applied Technology Campus of the Utah College of Applied Technology may use existing funds to enter into a lease-purchase agreement with Alpine School District for the acquisition of the Pacific Avenue Applied Technology Facility costing up to $2,900,000. (2) It is further the intent of the Legislature that a lease may not be executed until the State Building Board has determined that the lease-purchase option is less costly to the state than the current lease.
Enacted by Chapter 364, 2004 General Session |
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