Section 63B-23-301 - Lease-purchase authorizationsThe Legislature intends that:
(1) the Mountainland Applied Technology Campus of the Utah College of Applied Technology, subject to requirements in Title 63A, Chapter 5b, Administration of State Facilities, use up to $10,683,000 of existing and institutional funds to enter into a lease-purchase agreement to plan, design, and construct a Technology Trades Building for the Mountainland Applied Technology College at the Lehi Campus with up to 40,500 square feet; and(2) the college may not request state funds for operation and maintenance costs or capital improvements during the term of the lease-purchase agreement.Added by Chapter 113, 2014 General Session ,§ 5, eff. 5/13/2014.