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Default under a lease agreement.

Utah Code § 17D-2-405
in effect
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17D-2-405. Default under a lease agreement. If a local entity fails to pay a lease payment due to a local building authority under a lease agreement: (1) the local entity shall immediately quit and vacate the project; (2) the local entity's lease payment obligation under the lease agreement terminates; and (3) the local building authority may immediately lease the project according to the provisions of: (a) the proceeding under which bonds to fund the project were authorized; and (b) any mortgage given to secure the bonds. Enacted by Chapter 360, 2008 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title17D/Chapter2/17D-2-S405.html?v=C17D-2-S405_1800010118000101Fetched: 10/26/2026

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