§ 17D-2-501. Provisions applicable to issuance of local building authority bonds.

(1) Except as otherwise provided in this chapter: (a) each local building authority that issues bonds shall: (i) issue them as provided in Title 11, Chapter 14, Local Government Bonding Act, except Section 11-14-306; and (ii) receive the benefits of Title 11, Chapter 30, Utah Bond Validation Act; (b) bonds issued by a local building authority are governed by and subject to Title 11, Chapter 14, Local Government Bonding Act, except Sections 11-14-306 and 11-14-403; and (c) each local building authority that issues refunding bonds shall issue them as provided in Title 11, Chapter 27, Utah Refunding Bond Act. (2) A local building authority that issues a lease revenue bond on or after May 1, 2024 shall comply with the same requirements and is subject to the same limitations under Subsection 11-14-103(6) that apply to the issuance of a lease revenue bond by a local political subdivision, as defined in Section 11-14-102.