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Utah Code § 63B-23-301

Lease-purchase authorizations

Enacted by Chapter 113, 2014 General Session

The Legislature intends that:

(1) the Mountainland Applied Technology Campus of the Utah College of Applied Technology, subject to requirements in Title 63A, Chapter 5b, Administration of State Facilities, use up to $10,683,000 of existing and institutional funds to enter into a lease-purchase agreement to plan, design, and construct a Technology Trades Building for the Mountainland Applied Technology College at the Lehi Campus with up to 40,500 square feet; and

(2) the college may not request state funds for operation and maintenance costs or capital improvements during the term of the lease-purchase agreement.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.