Utah Code Title 63B. Bonds § 63B-1-310. Proceeds from sale of obligations--Use

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) The proceeds from the sale of obligations issued under this part may be applied only for the purposes for which the obligations were issued.

(2) Any accrued interest and premium received upon the sale, and any portion of the proceeds that may not be needed for the purposes for which the obligations were issued, shall be applied to the payment of the principal of, or the interest on, the obligations.

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Cite this article: FindLaw.com - Utah Code Title 63B. Bonds § 63B-1-310. Proceeds from sale of obligations--Use - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63b-bonds/ut-code-sect-63b-1-310/

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