63B-5-201 - Legislative intent statements.
63B-5-201. Legislative intent statements.
(1) If the United States Department of Defense has not provided matching funds toconstruct the National Guard Armory in Orem by December 31, 1997, the Division of FacilitiesConstruction and Management shall transfer any funds received from issuance of a GeneralObligation Bond for benefit of the Orem Armory to the Provo Armory for capital improvements.
(2) It is the intent of the Legislature that the University of Utah use institutional funds toplan, design, and construct:
(a) the Health Science East parking structure under the supervision of the director of theDivision of Facilities Construction and Management unless supervisory authority is delegated bythe director;
(b) the Health Science Office Building under the supervision of the director of theDivision of Facilities Construction and Management unless supervisory authority is delegated bythe director; and
(c) the new Student Housing/Olympic Athletes Village under the supervision of thedirector of the Division of Facilities Construction and Management unless supervisory authorityis delegated by the director.
(3) It is the intent of the Legislature that Utah State University use institutional funds toplan, design, and construct a multipurpose facility under the supervision of the director of theDivision of Facilities Construction and Management unless supervisory authority is delegated bythe director.
(4) It is the intent of the Legislature that the Utah Geologic Survey use agency internalfunding to plan, design, and construct a sample library facility under the supervision of thedirector of the Division of Facilities Construction and Management unless supervisory authorityis delegated by the director.
(5) (a) If legislation introduced in the 1996 General Session to fund the Wasatch StatePark Club House does not pass, the State Building Ownership Authority, under authority of Title63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or executeobligations, or enter into or arrange for a lease purchase agreement in which participationinterests may be created, to provide up to $1,500,000 for the remodel and expansion of theclubhouse at Wasatch Mountain State Park for the Division of Parks and Recreation, togetherwith additional amounts necessary to:
(i) pay costs of issuance;
(ii) pay capitalized interest; and
(iii) fund any debt service reserve requirements.
(b) The State Building Ownership Authority shall work cooperatively with the Divisionof Parks and Recreation to seek out the most cost effective and prudent lease purchase planavailable.
(6) (a) The State Building Ownership Authority, under authority of Title 63B, Chapter 1,Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into orarrange for a lease purchase agreement in which participation interests may be created, to provideup to $835,300 for the construction of a liquor store in the Snyderville area, together withadditional amounts necessary to:
(i) pay costs of issuance;
(ii) pay capitalized interest; and
(iii) fund any debt service reserve requirements.
(b) The State Building Ownership Authority shall work cooperatively with theDepartment of Alcoholic Beverage Control to seek out the most cost effective and prudent leasepurchase plan available.
(7) (a) The State Building Ownership Authority, under authority of Title 63B, Chapter 1,Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into orarrange for a lease purchase agreement in which participation interests may be created, to provideup to $15,000,000 for the construction of the Huntsman Cancer Institute, together with additionalamounts necessary to:
(i) pay costs of issuance;
(ii) pay capitalized interest; and
(iii) fund any debt service reserve requirements.
(b) The State Building Ownership Authority shall work cooperatively with the Universityof Utah to seek out the most cost effective and prudent lease purchase plan available.
(c) It is the intent of the Legislature that the University of Utah lease land to the StateBuilding Ownership Authority for the construction of the Huntsman Cancer Institute facility.
(8) (a) The State Building Ownership Authority, under authority of Title 63B, Chapter 1,Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into orarrange for a lease purchase agreement in which participation interests may be created, to provideup to $857,600 for the construction of an addition to the Human Services facility in Vernal, Utahtogether with additional amounts necessary to:
(i) pay costs of issuance;
(ii) pay capitalized interest; and
(iii) fund any debt service reserve requirements.
(b) The State Building Ownership Authority shall work cooperatively with theDepartment of Human Services to seek out the most cost effective and prudent lease purchaseplan available.
(9) (a) The State Building Ownership Authority, under authority of Title 63B, Chapter 1,Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter into orarrange for a lease purchase agreement in which participation interests may be created, to provideup to $3,470,200 for the construction of the Student Services Center, at the College of EasternUtah, together with additional amounts necessary to:
(i) pay costs of issuance;
(ii) pay capitalized interest; and
(iii) fund any debt service reserve requirements.
(b) The State Building Ownership Authority shall work cooperatively with the College ofEastern Utah to seek out the most cost effective and prudent lease purchase plan available.
(10) (a) Notwithstanding anything to the contrary in Title 53B, Chapter 21, RevenueBonds, which prohibits the issuance of revenue bonds payable from legislative appropriations,the State Board of Regents, on behalf of Dixie College, may issue, sell, and deliver revenuebonds or other evidences of indebtedness of Dixie College to borrow money on the credit of theincome and revenues, including legislative appropriations, of Dixie College, to finance theacquisition of the Dixie Center.
(b) (i) The bonds or other evidences of indebtedness authorized by this section shall beissued in accordance with Title 53B, Chapter 21, Revenue Bonds, under terms and conditionsand in amounts that the board, by resolution, determines are reasonable and necessary and may
not exceed $6,000,000 together with additional amounts necessary to:
(A) pay cost of issuance;
(B) pay capitalized interest; and
(C) fund any debt service reserve requirements.
(ii) To the extent that future legislative appropriations will be required to provide forpayment of debt service in full, the board shall ensure that the revenue bonds are issuedcontaining a clause that provides for payment from future legislative appropriations that arelegally available for that purpose.
(11) (a) The State Building Ownership Authority, under authority of Title 63B, Chapter1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter intoor arrange for a lease purchase agreement in which participation interests may be created, toprovide up to $10,479,000 for the construction of a facility for the Courts - Davis CountyRegional Expansion, together with additional amounts necessary to:
(i) pay costs of issuance;
(ii) pay capitalized interest; and
(iii) fund any debt service reserve requirements.
(b) The State Building Ownership Authority shall work cooperatively with the Office ofthe Court Administrator to seek out the most cost effective and prudent lease purchase planavailable.
(12) (a) The State Building Ownership Authority, under authority of Title 63B, Chapter1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter intoor arrange for a lease purchase agreement in which participation interests may be created, toprovide up to $4,200,000 for the purchase and remodel of the Washington County Courthouse,together with additional amounts necessary to:
(i) pay costs of issuance;
(ii) pay capitalized interest; and
(iii) fund any debt service reserve requirements.
(b) The State Building Ownership Authority shall work cooperatively with the Office ofthe Court Administrator to seek out the most cost effective and prudent lease purchase planavailable.
(13) (a) The State Building Ownership Authority, under authority of Title 63B, Chapter1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or enter intoor arrange for a lease purchase agreement in which participation interests may be created, toprovide up to $14,299,700 for the construction of a facility for the State Library and the Divisionof Services for the Blind and Visually Impaired, together with additional amounts necessary to:
(i) pay costs of issuance;
(ii) pay capitalized interest; and
(iii) fund any debt service reserve requirements.
(b) The State Building Ownership Authority shall work cooperatively with the Office ofEducation and the Governor's Office of Economic Development to seek out the most costeffective and prudent lease purchase plan available.
Amended by Chapter 148, 2005 General Session