53B-22-104 - Southern Utah University revenue bonds -- Student housing and student center addition.
53B-22-104. Southern Utah University revenue bonds -- Student housing andstudent center addition.
(1) The State Board of Regents, on behalf of Southern Utah University, may issue, sell,and deliver revenue bonds or other evidences of indebtedness of Southern Utah University toborrow money on the credit of the income and revenues of Southern Utah University, other thanappropriations of the Legislature, to finance the cost of constructing, furnishing, and equipping astudent housing project and a student center addition.
(2) The bonds or other evidences of indebtedness authorized by this section may notexceed $6,000,000 for the student housing project and $5,500,000 for the student center additionand shall be issued in accordance with Title 53B, Chapter 21, Revenue Bonds, under terms andconditions and in amounts that the board, by resolution, determines are reasonable and necessary.
Amended by Chapter 177, 1992 General Session