Section 63B-28-101 - Revenue bond authorizations - State Building Ownership Authority(1) The Legislature intends that: (a) the State Building Ownership Authority, under the authority of Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or may enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $5,451,800 for a Pleasant Grove or Lehi market area liquor store, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any existing debt service reserve requirements;(b) the Department of Alcoholic Beverage Services use sales revenues as the primary revenue source for repayment of any obligation created under authority of this Subsection (1); and(c) the Department of Alcoholic Beverage Services may request operation and maintenance funding from sales revenues.(2) The Legislature intends that: (a) the State Building Ownership Authority, under the authority of Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations, or may enter into or arrange for a lease-purchase agreement in which participation interests may be created, to provide up to $12,859,000 for reconstructing the Store 4: Foothill liquor store, together with additional amounts necessary to pay costs of issuance, pay capitalized interest, and fund any existing debt service reserve requirements;(b) the Department of Alcoholic Beverage Services use sales revenues as the primary revenue source for repayment of any obligation created under authority of this Subsection (2); and(c) the Department of Alcoholic Beverage Services may request operation and maintenance funding from sales revenues.Amended by Chapter 447, 2022 General Session ,§ 102, eff. 6/1/2022.Amended by Chapter 315, 2022 General Session ,§ 2, eff. 5/4/2022.Amended by Chapter 301, 2020 General Session ,§ 1, eff. 5/12/2020.Added by Chapter 406, 2018 General Session ,§ 2, eff. 3/22/2018.