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Utah · Through 2026 General Session

Utah Code § 11-68-505: Obligee rights -- Board may confer other rights.

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Where this section sits in the code
  1. Title 11 Cities, Counties, and Local Taxing Units
  2. Chapter 11-68 State Fair Park Authority Act
  3. Part 11-68-5 Authority Bonds

(1) In addition to all other rights that are conferred on an obligee of a bond issued by the authority under this part and subject to contractual restrictions binding on the obligee, an obligee may:

(a) by mandamus, suit, action, or other proceeding, compel the authority and the authority's board, officers, agents, or employees to perform every term, provision, and covenant contained in any contract of the authority with or for the benefit of the obligee, and require the authority to carry out the covenants and agreements of the authority and to fulfill all duties imposed on the authority by this part; and

(b) by suit, action, or proceeding in equity, enjoin any acts or things that may be unlawful or violate the rights of the obligee.

(2) In a board resolution authorizing the issuance of bonds or in a trust indenture, lease, or other contract, the board may confer upon an obligee holding or representing a specified amount in bonds, certain rights to receive the income, revenues, proceeds, funds, fees, rents, grants, or taxes.

Collected 2026-09-03T11:34:33Z. Source file · JSON

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