Section 63B-7-503 - Highway revenue bond authorizationIt is the intent of the Legislature that:
(1) the State Building Ownership Authority, under the authority of Title 63B, Chapter 1, Part 3, State Building Ownership Authority Act, may issue or execute obligations to provide up to $10,000,000 for the acquisition of real property or any interests in real property for state, county, or municipal transportation corridors as provided in Section 72-2-117; and(2) revenues of the Marda Dillree Corridor Preservation Fund be used as the primary revenue source for the repayment of any obligation created under authority of this section.Amended by Chapter 121, 2012 General Session ,§ 2, eff. 5/8/2012.Amended by Chapter 382, 2008 General Session