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[Utah Code Table of Contents]
[TITLE 63. Table of Contents]
[CHAPTER 38c. Table of Contents]
63-38c-401 State mandated property tax limitation - Vote requirement needed to exceed limitation.
The state mandated property tax rate in Title 53A, Chapter
17a, Minimum School Program Act, as of July 1, 1989, may
not be increased without more than a two-thirds vote of both
houses of the Legislature.
1996
63-38c-402 Debt limitation - Vote requirement needed to exceed limitation - Exceptions.
(1) (a) Except as provided in Subsection (1)(b), the outstanding general obligation debt of the state may not exceed 20% of the maximum allowable appropriations limit unless approved by more than a two-thirds vote of both houses of the Legislature.
(b) Notwithstanding the limitation contained in Subsection (1)(a), debt issued under the authority of the following parts is not subject to the debt limitation established by this section:
(i) Title 63B, Chapter 6, Part 2, 1997 Highway General Obligation Bond Authorization;
(ii) Title 63B, Chapter 6, Part 3, 1997 Highway Bond Anticipation Note Authorization;
(iii) Title 63B, Chapter 7, Part 2, 1998 Highway General Obligation Bond Authorization;
(iv) Title 63B, Chapter 7, Part 3, 1998 Highway Bond Anticipation Note Authorization;
(v) Title 63B, Chapter 8, Part 2, 1999 Highway General Obligation Bond Authorization;
(vi) Title 63B, Chapter 8, Part 3, 1999 Highway Bond Anticipation Note Authorization;
(vii) Title 63B, Chapter 9, Part 2, 2000 Highway General Obligation Bond;
(viii) Title 63B, Chapter 10, Part 1, 2001 Highway General Obligation Bond;
(ix) Title 63B, Chapter 10, Part 2, 2001 Highway General Obligation Bond Anticipation Notes;
(x) Title 63B, Chapter 11, Part 5, 2002 Highway General Obligation Bond for Salt Lake County; and
(xi) Title 63B, Chapter 11, Part 6, 2002 Highway General Obligation Bond Anticipation Notes for Salt Lake County Authorization.
(2) This section does not apply if contractual rights
will be impaired.
2002
