Utah Code
Title 63H - Independent State Entities
Chapter 8 - Utah Housing Corporation Act

Part 1 - General Provisions

Section 101 - Title. - Affected by 63I-1-263 on 7/1/2026

Section 102 - Policy -- Finding and declaration. - Affected by 63I-1-263 on 7/1/2026

Section 103 - Definitions. - Affected by 63I-1-263 on 7/1/2026

Part 2 - Organization

Section 201 - Creation -- Trustees -- Terms -- Vacancies -- Chair -- Powers -- Quorum -- Per diem and expenses. - Affected by 63I-1-263 on 7/1/2026

Section 202 - Corporation as continuation of agency. - Affected by 63I-1-263 on 7/1/2026

Section 203 - President and chief executive officer -- Secretary-treasurer -- Powers and duties -- Power to employ experts -- Power to employ independent legal counsel. - Affected by 63I-1-263 on 7/1/2026

Section 204 - Relation to certain acts. - Affected by 63I-1-263 on 7/1/2026

Section 205 - Disclosure of interest. - Affected by 63I-1-263 on 7/1/2026

Section 206 - Officer or employee -- No forfeiture of office or employment. - Affected by 63I-1-263 on 7/1/2026

Part 3 - Corporation Duties and Powers

Section 301 - Corporation -- Powers. - Affected by 63I-1-263 on 7/1/2026

Section 302 - Corporation -- Additional powers. - Affected by 63I-1-263 on 7/1/2026

Section 303 - Power to issue mortgage credit certificates -- Impact of federal legislation on tax exempt status of corporation bonds. - Affected by 63I-1-263 on 7/1/2026

Section 304 - Power to borrow money and make loans -- Issuance of notes and bonds -- Mortgage backed securities. - Affected by 63I-1-263 on 7/1/2026

Part 4 - Corporation Assets and Obligations

Section 401 - Corporation money -- Depositing and paying out -- Power to contract with holders of notes and bonds -- Money held in trust. - Affected by 63I-1-263 on 7/1/2026

Section 402 - State pledge to holders of notes or bonds. - Affected by 63I-1-263 on 7/1/2026

Section 403 - Notes, bonds, other obligations -- Not a debt liability -- Expenses payable from funds provided -- Corporation without authority to incur liability on behalf of state -- Relationship to Governmental Immunity Act of Utah. - Affected by 63I-1-263 on 7/1/2026

Section 404 - Corporation property, notes, and bonds -- Tax exemption except corporate franchise tax. - Affected by 63I-1-263 on 7/1/2026

Section 405 - Corporation notes, bonds, obligations -- Legal investments. - Affected by 63I-1-263 on 7/1/2026

Section 406 - Annual report to governor and Legislature -- Contents -- Audits. - Affected by 63I-1-263 on 7/1/2026

Section 407 - Act not restriction on powers of corporation -- Construed as alternative -- Bonds, notes, obligations issued need not comply with other laws. - Affected by 63I-1-263 on 7/1/2026

Section 408 - Allocation to corporation of mortgage bonds qualified under Internal Revenue Code. - Affected by 63I-1-263 on 7/1/2026

Section 409 - Allocation of qualified mortgage bonds to counties, cities, and towns. - Affected by 63I-1-263 on 7/1/2026

Section 410 - Low-income housing tax credits. - Affected by 63I-1-263 on 7/1/2026

Section 411 - Asset disposition upon dissolution of corporation. - Affected by 63I-1-263 on 7/1/2026