{"data":{"id":"us-ut/utah-code-17d-2-405","jurisdiction":"us-ut","citation":"Utah Code § 17D-2-405","heading":"Default under a lease agreement.","body":"If a local entity fails to pay a lease payment due to a local building authority under a lease agreement:\n(1) the local entity shall immediately quit and vacate the project;\n(2) the local entity's lease payment obligation under the lease agreement terminates; and\n(3) the local building authority may immediately lease the project according to the provisions of:\n(a) the proceeding under which bonds to fund the project were authorized; and\n(b) any mortgage given to secure the bonds.","path":["Title 17D Limited Purpose Local Government Entities - Other Entities","Chapter 17D-2 Local Building Authority Act","Part 17D-2-4 Local Building Authority Lease Agreements"],"source_url":"https://le.utah.gov/xcode/Title17D/Chapter2/17D-2-S405.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"90bc7b6a2edaa02eadeeaa9e8cf33b994a6cc79d6a0f87499d8282ca97686e73","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-17d-2-404","next":"us-ut/utah-code-17d-2-501"},"notice":"GroundRules: Original legal text. Not legal advice."}