GroundRules
Utah Code § 53G-5-604: Limited obligations.
Where this section sits in the code
- Title 53G Public Education System -- Local Administration
- Chapter 53G-5 Charter Schools
- Part 53G-5-6 Charter School Credit Enhancement Program
Except as provided in Section 53G-5-607, 53G-5-608, or 53G-5-609, bonds, notes, and other obligations issued by the authority:
(1) do not constitute a debt, moral obligation, or liability of the state, or of any county, city, town, school district, or any other political subdivision of the state;
(2) do not constitute the loan of credit of the state or of any county, city, town, school district, or any other political subdivision of the state; and
(3) may not be paid from funds other than loan payments or lease revenues received from a charter school or other funds pledged by a charter school.
Collected 2026-09-03T11:34:33Z. Source file · JSON