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Independent State Entities | |
Utah Generated Renewable Energy Electricity Network Authority Act | |
Section 403 | Purchaser of an authority bond. |
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63H-2-403. Purchaser of an authority bond. (1) The following may purchase an authority bond with funds owned or controlled by the purchaser: (a) a person; (b) a political subdivision of the state; (c) another entity; or (d) a public or private officer. (2) Nothing in this section or Section 63H-2-402 may be construed to relieve a purchaser of an authority bond of a duty to exercise reasonable care in selecting securities. (3) The authority may purchase its own authority bond at a price that the board determines.
Enacted by Chapter 378, 2009 General Session |
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