Rep. Norm Thurston — Voting Record

Bill

Number

H.B. 46 (2022GS)

Sponsor

Rep. Albrecht, C.

Final action

Governor Signed 3/21/2022

Outcome

Became law — signed by Gov. Spencer J. Cox

Summary

What it does

• This bill:
• defines terms;
• repeals provisions related to the Utah Energy Infrastructure Authority;
• moves the Utah Energy Infrastructure Board under the Office of Energy Development;
• clarifies the duties of the Utah Energy Infrastructure Board regarding the evaluation of an application for a tax credit under the High Cost Infrastructure Development Tax Credit Act; and
• makes technical and conforming changes.

Every vote on this bill

Bill text

UTAH ENERGY INFRASTRUCTURE AMENDMENTS
GENERAL SESSION
STATE OF UTAH
Chief Sponsor: Carl R. Albrecht
Senate Sponsor: 
Wayne A. Harper
LONG TITLE
General Description:
This bill repeals the Utah Energy Infrastructure Authority and modifies provisions
related to the Utah Energy Infrastructure Board.
Highlighted Provisions:
This bill:
▸ defines terms;
▸ repeals provisions related to the Utah Energy Infrastructure Authority;
▸ moves the Utah Energy Infrastructure Board under the Office of Energy
Development;
▸ clarifies the duties of the Utah Energy Infrastructure Board regarding the evaluation
of an application for a tax credit under the High Cost Infrastructure Development
Tax Credit Act; and
▸ makes technical and conforming changes.
Money Appropriated in this Bill:
None
Other Special Clauses:
None
Utah Code Sections Affected:
AMENDS:
63E-1-102
, as last amended by Laws of Utah 2018, Chapter 393
79-6-602
, as renumbered and amended by Laws of Utah 2021, Chapter 280
79-6-603
, as renumbered and amended by Laws of Utah 2021, Chapter 280
79-6-604
, as renumbered and amended by Laws of Utah 2021, Chapter 280
ENACTS:
79-6-903
, Utah Code Annotated 1953
RENUMBERS AND AMENDS:
79-6-901
, (Renumbered from 63H-2-102, as last amended by Laws of Utah 2021,
Chapter 280)
79-6-902
, (Renumbered from 63H-2-202, as last amended by Laws of Utah 2021,
Chapter 280)
REPEALS:
63H-2-101
, as last amended by Laws of Utah 2012, Chapter 37
63H-2-201
, as last amended by Laws of Utah 2012, Chapter 37
63H-2-203
, as enacted by Laws of Utah 2009, Chapter 378
63H-2-204
, as last amended by Laws of Utah 2021, Chapter 282
63H-2-301
, as last amended by Laws of Utah 2012, Chapter 37
63H-2-302
, as last amended by Laws of Utah 2012, Chapter 37
63H-2-401
, as last amended by Laws of Utah 2014, Chapter 301
63H-2-402
, as last amended by Laws of Utah 2012, Chapter 37
63H-2-403
, as enacted by Laws of Utah 2009, Chapter 378
63H-2-404
, as last amended by Laws of Utah 2012, Chapter 37
63H-2-501
, as enacted by Laws of Utah 2009, Chapter 378
63H-2-502
, as last amended by Laws of Utah 2021, Chapters 84 and 345
63H-2-503
, as enacted by Laws of Utah 2009, Chapter 378
63H-2-504
, as last amended by Laws of Utah 2021, Chapter 345
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 
63E-1-102
 is amended to read:
63E-1-102.
Definitions -- List of independent entities.
As used in this title:
(1) "Authorizing statute" means the statute creating an entity as an independent entity.
(2) "Committee" means the Retirement and Independent Entities Committee created by
Section 
63E-1-201
.
(3) "Independent corporation" means a corporation incorporated in accordance with
Chapter 2, Independent Corporations Act.
(4) (a) "Independent entity" means an entity having a public purpose relating to the
state or its citizens that is individually created by the state or is given by the state the right to
exist and conduct its affairs as an:
(i) independent state agency; or
(ii) independent corporation.
(b) "Independent entity" includes the:
(i) Utah Beef Council, created by Section 
4-21-103
;
(ii) Utah Dairy Commission created by Section 
4-22-103
;
(iii) Heber Valley Historic Railroad Authority created by Section 
63H-4-102
;
(iv) Utah State Railroad Museum Authority created by Section 
63H-5-102
;
(v) Utah Housing Corporation created by Section 
63H-8-201
;
(vi) Utah State Fair Corporation created by Section 
63H-6-103
;
(vii) Utah State Retirement Office created by Section 
49-11-201
;
(viii) School and Institutional Trust Lands Administration created by Section
53C-1-201
;
(ix) School and Institutional Trust Fund Office created by Section 
53D-1-201
;
(x) Utah Communications Authority created by Section 
63H-7a-201
;
[
(xi) Utah Energy Infrastructure Authority created by Section 
63H-2-201
;
]
[
(xii)
] 
(xi)
 Utah Capital Investment Corporation created by Section 
63N-6-301
; and
[
(xiii)
] 
(xii)
 Military Installation Development Authority created by Section
63H-1-201
.
(c) Notwithstanding this Subsection (4), "independent entity" does not include:
(i) the Public Service Commission of Utah created by Section 
54-1-1
;
(ii) an institution within the state system of higher education;
(iii) a city, county, or town;
(iv) a local school district;
(v) a local district under Title 17B, Limited Purpose Local Government Entities - Local
Districts; or
(vi) a special service district under Title 17D, Chapter 1, Special Service District Act.
(5) "Independent state agency" means an entity that is created by the state, but is
independent of the governor's direct supervisory control.
(6) "Money held in trust" means money maintained for the benefit of:
(a) one or more private individuals, including public employees;
(b) one or more public or private entities; or
(c) the owners of a quasi-public corporation.
(7) "Public corporation" means an artificial person, public in ownership, individually
created by the state as a body politic and corporate for the administration of a public purpose
relating to the state or its citizens.
(8) "Quasi-public corporation" means an artificial person, private in ownership,
individually created as a corporation by the state, which has accepted from the state the grant of
a franchise or contract involving the performance of a public purpose relating to the state or its
citizens.
Section 2. Section 
79-6-602
 is amended to read:
79-6-602.
Definitions.
As used in this part:
(1) "Applicant" means a person that conducts business in the state and that applies for a
tax credit under this part.
(2) "Energy delivery project" means a project that is designed to:
(a) increase the capacity for the delivery of energy to a user of energy inside or outside
the state; or
(b) increase the capability of an existing energy delivery system or related facility to
deliver energy to a user of energy inside or outside the state.
[
(2)
] 
(3)
 "Fuel standard compliance project" means a project designed to retrofit a fuel
refinery in order to make the refinery capable of producing fuel that complies with the United
States Environmental Protection Agency's Tier 3 gasoline sulfur standard described in 40
C.F.R. Sec. 79.54.
[
(3)
] 
(4)
 "High cost infrastructure project" means a project
, including an energy
delivery project or a fuel standard compliance project
:
(a) (i) that expands or creates new industrial, mining, manufacturing, or agriculture
activity in the state, not including a retail business;
(ii) that involves new investment of at least $50,000,000 in an existing industrial,
mining, manufacturing, or agriculture entity, by the entity; or
(iii) for the construction of a plant or other facility, including a fueling station, for the
storage, production, or distribution of hydrogen fuel used for transportation, electricity
generation, or industrial use;
(b) that requires or is directly facilitated by infrastructure construction; and
(c) for which the cost of infrastructure construction to the entity creating the project is
greater than:
(i) 10% of the total cost of the project; or
(ii) $10,000,000.
[
(4)
] 
(5)
 "Infrastructure" means:
(a) an energy delivery project [
as defined in Section 
63H-2-102
];
(b) a railroad as defined in Section 
54-2-1
;
(c) a fuel standard compliance project;
(d) a road improvement project;
(e) a water self-supply project;
(f) a water removal system project;
(g) a solution-mined subsurface salt cavern; or
(h) a project that is designed to:
(i) increase the capacity for water delivery to a water user in the state; or
(ii) increase the capability of an existing water delivery system or related facility to
deliver water to a water user in the state.
[
(5)
] 
(6)
 (a) "Infrastructure cost-burdened entity" means an applicant that enters into an
agreement with the office that qualifies the applicant to receive a tax credit as provided in this
part.
(b) "Infrastructure cost-burdened entity" includes a pass-through entity taxpayer, as
defined in Section 
59-10-1402
, of a person described in Subsection [
(5)
] 
(6)
(a).
[
(6)
] 
(7)
 "Infrastructure-related revenue" means an amount of tax revenue, for an entity
creating a high cost infrastructure project, in a taxable year, that is directly attributable to a high
cost infrastructure project, under:
(a) Title 59, Chapter 7, Corporate Franchise and Income Taxes;
(b) Title 59, Chapter 10, Individual Income Tax Act; and
(c) Title 59, Chapter 12, Sales and Use Tax Act.
[
(7)
] 
(8)
 "Office" means the Office of Energy Development created in Section
79-6-401
.
[
(8)
] 
(9)
 "Tax credit" means a tax credit under Section 
59-7-619
 or 
59-10-1034
.
[
(9)
] 
(10)
 "Tax credit certificate" means a certificate issued by the office to an
infrastructure cost-burdened entity that:
(a) lists the name of the infrastructure cost-burdened entity;
(b) lists the infrastructure cost-burdened entity's taxpayer identification number;
(c) lists, for a taxable year, the amount of the tax credit authorized for the infrastructure
cost-burdened entity under this part; and
(d) includes other information as determined by the office.
Section 3. Section 
79-6-603
 is amended to read:
79-6-603.
Tax credit -- Amount -- Eligibility -- Reporting.
(1) Before the office enters into an agreement described in Subsection (3) with an
applicant regarding a project, the office, in consultation with the Utah Energy Infrastructure
[
Authority
] Board created in Section [
63H-2-202
] 
79-6-902
, and other state agencies as
necessary, shall, in accordance with the procedures described in Section 
79-6-604
, certify:
(a) that the project meets the definition of a high cost infrastructure project under this
part;
(b) that the high cost infrastructure project will generate infrastructure-related revenue;
(c) the economic life of the high cost infrastructure project; and
(d) that the applicant has received a certificate of existence from the Division of
Corporations and Commercial Code.
(2) (a) Before the office enters into an agreement described in Subsection (3) with an
applicant regarding a project, the Utah Energy Infrastructure [
Authority
] Board shall evaluate
the project's 
net
 benefit to the state, [
based on whether the project
] 
including
:
(i) 
whether the project
 is likely to increase the property tax revenue for the municipality
or county where the project will be located;
(ii) whether the project would contribute to the economy of the state and the
municipality, tribe, or county where the project will be located;
[
(ii)
] 
(iii) whether the project
 would provide new infrastructure for an area where the
type of infrastructure the project would create is underdeveloped;
(iv) whether the project is supported by a business case for providing the revenue
necessary to finance the construction and operation of the project;
[
(iii)
] 
(v) whether the project
 would have a positive environmental impact on the state;
(vi) whether the project promotes responsible energy development;
[
(iv)
] 
(vii) whether the project
 would upgrade or improve an existing entity in order to
ensure the entity's continued operation and economic viability; [
and
]
[
(v)
] 
(viii) whether the project
 is less likely to be completed without a tax credit issued
to the applicant under this part[
.
]
; and
(ix) other relevant factors that the board specifies in the board's evaluation.
(b) Before the office enters into an agreement described in Subsection (3) with an
applicant regarding an energy delivery project, in addition to the criteria described in
Subsection (2)(a) the Utah Energy Infrastructure Board shall determine that the project:
(i) is strategically situated to maximize connections to an energy source project located
in the state that is:
(A) existing;
(B) under construction;
(C) planned; or
(D) foreseeable;
(ii) is supported by a project plan related to:
(A) engineering;
(B) environmental issues;
(C) energy production;
(D) load or other capacity; and
(E) any other issue related to the building and operation of energy delivery
infrastructure; and
(iii) complies with the regulations of the following regarding the building of energy
delivery infrastructure:
(A) the Federal Energy Regulatory Commission;
(B) the North American Electric Reliability Council; and
(C) the Public Service Commission of Utah.
[
(b)
] 
(c)
 The Utah Energy Infrastructure [
Authority
] Board may recommend that the
office deny an applicant a tax credit if [
the applicant's project does not
], as determined by the
Utah Energy Infrastructure [
Authority
] Board[
,
]
:
(i) the project does not
 sufficiently benefit the state based on the criteria described in
Subsection (2)(a)[
.
]
; or
(ii) for an energy delivery project, the project does not satisfy the conditions described
in Subsection (2)(b).
(3) Subject to the procedures described in Section 
79-6-604
, if an applicant meets the
requirements of Subsection (1) to receive a tax credit, and the applicant's project receives a
favorable recommendation from the Utah Energy Infrastructure [
Authority
] Board under
Subsection (2), the office shall enter into an agreement with the applicant to authorize the tax
credit in accordance with this part.
(4) The office shall grant a tax credit to an infrastructure cost-burdened entity, for a
high cost infrastructure project, under an agreement described in Subsection (3):
(a) for the lesser of:
(i) the economic life of the high cost infrastructure project;
(ii) 20 years; or
(iii) a time period, the first taxable year of which is the taxable year when the
construction of the high cost infrastructure project begins and the last taxable year of which is
the taxable year in which the infrastructure cost-burdened entity has recovered, through the tax
credit, an amount equal to:
(A) 50% of the cost of the infrastructure construction associated with the high cost
infrastructure project; or
(B) if the high cost infrastructure project is a fuel standard compliance project, 30% of
the cost of the infrastructure construction associated with the high cost infrastructure project.
(b) except as provided in Subsections (4)(a) and (d), in a total amount equal to 30% of
the high cost infrastructure project's total infrastructure-related revenue over the time period
described in Subsection (4)(a);
(c) for a taxable year, in an amount that does not exceed the high cost infrastructure
project's infrastructure-related revenue during that taxable year; and
(d) if the high cost infrastructure project is a fuel standard compliance project, in a total
amount that is:
(i) determined by the Utah Energy Infrastructure [
Authority
] Board, based on:
(A) the applicant's likelihood of completing the high cost infrastructure project without
a tax credit; and
(B) how soon the applicant plans to complete the high cost infrastructure project; and
(ii) equal to or less than 30% of the high cost infrastructure project's total
infrastructure-related revenue over the time period described in Subsection (4)(a).
(5) An infrastructure cost-burdened entity shall, for each taxable year:
(a) file a report with the office showing the high cost infrastructure project's
infrastructure-related revenue during the taxable year;
(b) subject to Subsection (7), file a report with the office that is prepared by an
independent certified public accountant that verifies the infrastructure-related revenue
described in Subsection (5)(a); and
(c) provide the office with information required by the office to certify the economic
life of the high cost infrastructure project.
(6) An infrastructure cost-burdened entity shall retain records supporting a claim for a
tax credit for the same period of time during which a person is required to keep books and
records under Section 
59-1-1406
.
(7) An infrastructure cost-burdened entity for which a report is prepared under
Subsection (5)(b) shall pay the costs of preparing the report.
(8) The office shall certify, for each taxable year, the infrastructure-related revenue
generated by an infrastructure cost-burdened entity.
Section 4. Section 
79-6-604
 is amended to read:
79-6-604.
Tax credit -- Application procedure.
(1) An applicant shall provide the office with:
(a) an application for a tax credit certificate;
(b) documentation that the applicant meets the requirements described in Subsection
79-6-603
(1), to the satisfaction of the office, for the taxable year for which the applicant seeks
to claim a tax credit; and
(c) documentation that expressly directs and authorizes the State Tax Commission to
disclose to the office the applicant's returns and other information concerning the applicant that
would otherwise be subject to confidentiality under Section 
59-1-403
 or Section 6103, Internal
Revenue Code.
(2) (a) The office shall, for an applicant, submit the documentation described in
Subsection (1)(c) to the State Tax Commission.
(b) Upon receipt of the documentation described in Subsection (1)(c), the State Tax
Commission shall provide the office with the documentation described in Subsection (1)(c).
(3) If, after the office reviews the documentation from the State Tax Commission
under Subsection (2)(b) and the information the applicant submits to the office under Section
79-6-603
, the office, in consultation with the Utah Energy Infrastructure [
Authority
] Board
created in Section [
63H-2-202
] 
79-6-902
, determines that the applicant is not eligible for the
tax credit under Section 
79-6-603
, or that the applicant's documentation is inadequate, the
office shall:
(a) deny the tax credit; or
(b) inform the applicant that the documentation supporting the applicant's claim for a
tax credit was inadequate and request that the applicant supplement the applicant's
documentation.
(4) Except as provided in Subsection (5), if, after the office reviews the documentation
described in Subsection (2)(b) and the information described in Subsection 
79-6-603
(6), the
office, in consultation with the Utah Energy Infrastructure [
Authority
] Board created in Section
[
63H-2-202
] 
79-6-902
, determines that the documentation supporting an applicant's claim for a
tax credit adequately demonstrates that the applicant is eligible for the tax credit under Section
79-6-603
, the office shall, on the basis of the documentation:
(a) enter, with the applicant, into the agreement described in Subsection 
79-6-603
(3);
(b) issue a tax credit certificate to the applicant; and
(c) provide a duplicate copy of the tax credit certificate described in Subsection (4)(b)
to the State Tax Commission.
(5) The office may deny an applicant a tax credit based on the recommendation of the
Utah Energy Infrastructure [
Authority
] Board, as provided in Subsection 
79-6-603
(2).
(6) An infrastructure cost-burdened entity may not claim a tax credit under Section
59-7-619
 or 
59-10-1034
 unless the infrastructure cost-burdened entity receives a tax credit
certificate from the office.
(7) An infrastructure cost-burdened entity that claims a tax credit shall retain the tax
credit certificate in accordance with Subsection 
79-6-603
(7).
(8) Except for the information that is necessary for the office to disclose in order to
make the report described in Section 
79-6-605
, the office shall treat a document an applicant or
infrastructure cost-burdened entity provides to the office as a protected record under Section
63G-2-305
.
Section 5. Section 
79-6-901
, which is renumbered from Section 63H-2-102 is
renumbered and amended to read:
Part 9. Utah Energy Infrastructure Board Act
[
63H-2-102
].
 79-6-901.
Definitions.
As used in this [
chapter
] 
part
:
[
(1) "Agency" is as defined in Section 
17C-1-102
.
]
[
(2) "Assessment area" is as defined in Section 
11-42-102
.
]
[
(3) "Assessment bonds" is as defined in Section 
11-42-102
.
]
[
(4) "Authority" means the Utah Energy Infrastructure Authority created in Section
63H-2-201
.
]
[
(5) "Authority bond" means a bond issued by the authority in accordance with Part 4,
Bonding.
]
(1) "Application" means an application for a tax credit under Title 79, Chapter 6, Part
6, High Cost Infrastructure Development Tax Credit Act.
[
(6)
] 
(2)
 "Board" means the [
board
] 
Utah Energy Infrastructure Board
 created [
under
]
in
 Section [
63H-2-202
] 
79-6-902
.
[
(7) "Community" means the county, city, or town in which is located a qualifying
energy delivery project financed by an authority bond.
]
[
(8)
] 
(3)
 "Electric interlocal entity" [
has the same meaning as
] 
means the same as that
term is
 defined in Section 
11-13-103
.
[
(9)
] 
(4)
 "Energy advisor" means the energy advisor appointed under Section 
79-6-201
.
[
(10) "Energy delivery project" means a project that is designed to:
]
[
(a) increase the capacity for the delivery of energy to a user of energy inside or outside
the state; or
]
[
(b) increase the capability of an existing energy delivery system or related facility to
deliver energy to a user of energy inside or outside the state.
]
[
(11) "Independent state agency" is as defined in Section 
63E-1-102
.
]
[
(12) "Project area" is as defined in Section 
17C-1-102
.
]
[
(13) "Public entity" means:
]
[
(a) the United States or an agency of the United States;
]
[
(b) the state or an agency of the state;
]
[
(c) a political subdivision of the state or an agency of a political subdivision of the
state;
]
[
(d) another state or an agency of that state; or
]
[
(e) a political subdivision of another state or an agency of that political subdivision.
]
[
(14) "Qualifying energy delivery project" means a project approved by the board in
accordance with Part 3, Qualifying Energy Delivery Projects.
]
[
(15) "Record" means information that is:
]
[
(a) inscribed on a tangible medium; or
]
[
(b) (i) stored in an electronic or other medium; and
]
[
(ii) retrievable in perceivable form.
]
[
(16) "Tax increment bond" is as defined in Section 
11-27-2
.
]
(5) "Fuel standard compliance project" means the same as that term is defined in
Section 
79-6-602
.
(6) "Office" means the Office of Energy Development created in Section 
79-6-401
.
(7) "Tax credit" means the same as that term is defined in Section 
79-6-602
.
Section 6. Section 
79-6-902
, which is renumbered from Section 63H-2-202 is
renumbered and amended to read:
[
63H-2-202
].
 79-6-902.
 Utah Energy Infrastructure Board.
(1) There is created 
within the office
 the Utah Energy Infrastructure [
Authority
] Board
that consists of nine members as follows:
(a) members appointed by the governor:
(i) the energy advisor or the director of the Office of Energy Development, who shall
serve as chair of the board;
(ii) one member from the Governor's Office of Economic Opportunity;
(iii) one member from a public utility or electric interlocal entity that operates electric
transmission facilities within the state;
(iv) two members representing the economic development interests of rural
communities as follows:
(A) one member currently serving as county commissioner of a county of the third,
fourth, fifth, or sixth class, as described in Section 
17-50-501
; and
(B) one member of a rural community with work experience in the energy industry;
(v) two members of the general public with relevant industry or community
experience; and
(vi) one member of the general public who has experience with public finance and
bonding; and
(b) the director of the School and Institutional Trust Lands Administration created in
Section 
53C-1-201
.
(2) (a) The term of an appointed board member is four years.
(b) Notwithstanding Subsection (2)(a), the governor shall, at the time of appointment
or reappointment, adjust the length of terms to ensure that the terms of board members are
staggered so that approximately half of the board is appointed every two years.
(c) The governor may remove a member of the board for cause.
(d) The governor shall fill a vacancy in the board in the same manner under this section
as the appointment of the member whose vacancy is being filled.
(e) An individual appointed to fill a vacancy shall serve the remaining unexpired term
of the member whose vacancy the individual is filling.
(f) A board member shall serve until a successor is appointed and qualified.
(3) (a) Five members of the board constitute a quorum for conducting board business.
(b) A majority vote of the quorum present is required for an action to be taken by the
board.
(4) [
(a) Except as provided in Subsections (4)(b) and (4)(c), the
] 
The
 board shall meet
[
once each month, on a day determined by the board,
] 
as needed
 to review an application
[
referred to the board by the Office of Energy Development under Title 79, Chapter 6, Part 6,
High Cost Infrastructure Development Tax Credit Act
].
[
(b) Subject to Subsection (4)(c), the board may cancel the board's meeting for a given
month if there are no applications described in Subsection (4)(a) pending board approval.
]
[
(c) The board shall meet no less frequently than once each quarter, on a day
determined by the board.
]
(5) A member may not receive compensation or benefits for the member's service, but
may receive per diem and travel expenses in accordance with:
(a) Section 
63A-3-106
;
(b) Section 
63A-3-107
; and
(c) rules made by the Division of Finance pursuant to Sections 
63A-3-106
 and
63A-3-107
.
Section 7. Section 
79-6-903
 is enacted to read:
 79-6-903.
Powers and duties of the board -- Oversight -- Staff support.
(1) Subject to the provisions of this part and in accordance with Title 79, Chapter 6,
Part 6, High Cost Infrastructure Development Tax Credit Act, the board shall:
(a) evaluate each application using the criteria described in Subsections 
79-6-603
(1)
and (2);
(b) make recommendations to the office regarding each application; and
(c) for an application related to a fuel standard compliance project, determine the
amount of the authorized tax credit using the criteria described in Subsection 
79-6-603
(4).
(2) The office shall:
(a) oversee the board's performance;
(b) provide the board office space, furnishings, and supplies; and
(c) provide the board staff support.
(3) With the consent of the attorney general, the office may retain legal counsel to
advise the board on matters relating to the board's operations.
Section 8. 
Repealer.
This bill repeals:
Section 
63H-2-101
,
Title.
Section 
63H-2-201
,
Creation of Utah Energy Infrastructure Authority.
Section 
63H-2-203
,
Powers of the board and authority -- Officers.
Section 
63H-2-204
,
Dissolution of authority.
Section 
63H-2-301
,
Prioritization of energy delivery projects.
Section 
63H-2-302
,
Approval of qualifying energy delivery project.
Section 
63H-2-401
,
Resolution authorizing issuance of authority bond --
Characteristics of bond.
Section 
63H-2-402
,
Sources from which an authority bond may be made payable --
Authority powers regarding authority bond.
Section 
63H-2-403
,
Purchaser of an authority bond.
Section 
63H-2-404
,
Obligee rights -- Board may confer other rights.
Section 
63H-2-501
,
Fiscal year.
Section 
63H-2-502
,
Annual authority budget -- Auditor forms -- Requirement to
file form.
Section 
63H-2-503
,
Audits.
Section 
63H-2-504
,
Relation to other state statutes.