DAR File No. 41903
This notice was published in the August 1, 2017, issue (Vol. 2017, No. 15) of the Utah State Bulletin.
Workforce Services, Housing and Community Development
Rule R990-9
Policy Concerning Enforceability and Taxability of Bonds Purchased
Five-Year Notice of Review and Statement of Continuation
DAR File No.: 41903
Filed: 07/06/2017 01:22:25 PM
NOTICE OF REVIEW AND STATEMENT OF CONTINUATION
Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:
Provisions of the federal Mineral Leasing Act of 1920, 30 U.S.C. 191, as amended, provide for states to receive revenue from federal mineral leases. Consistent with these provisions, the Utah Legislature has created the Permanent Community Impact Fund and the Permanent Community Impact Fund Board to administer and distribute these revenues (see Section 35A-8-301 et seq.). Section 35A-8-307 specifically requires the Board to consider a political subdivision's bonded indebtedness and availability of bonds in the course of determining whether to provide funding. The Board has rulemaking authority under Section 35-8-306.
Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:
No comments have been received during the last five years.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
The rule is necessary to set forth standards for the use of bonds in providing funding to political subdivisions as required under state law. Therefore, this rule should be continued.
The full text of this rule may be inspected, during regular business hours, at the Office of Administrative Rules, or at:
Workforce ServicesHousing and Community Development
140 E BROADWAY
SALT LAKE CITY, UT 84111-2333
Direct questions regarding this rule to:
- Nathan White at the above address, by phone at 801-526-9647, by FAX at , or by Internet E-mail at [email protected]
Effective:
07/06/2017
Authorized by:
Jon Pierpont, Executive Director
Additional Information
More information about a Five-Year Notice of Review and Statement of Continuation is available online.
The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at https://rules.utah.gov/publicat/bull_pdf/2017/b20170801.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version.
For questions regarding the content or application of this rule, please contact Nathan White at the above address, by phone at 801-526-9647, by FAX at , or by Internet E-mail at [email protected]. For questions about the rulemaking process, please contact the Office of Administrative Rules.