Section 506 - Governing body required to fix rates to cover district expenses and bonds.

UT Code § 17D-1-506 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(1) pay the special service district's operating expenses;

(2) provide for repairs and depreciation of works owned or operated by the special service district;

(3) pay the interest on any bonds issued by the special service district; and

(4) provide, as much as practicable, a sinking or other fund to pay the principal of the bonds as they become due.