Utah Code Title 63B. Bonds § 63B-11-602. Authorization, terms, and procedures

(a) enter into whatever agreements with other persons that he considers necessary or appropriate in connection with the issuance, sale, and resale of the notes; and

(b) resell or retire any notes purchased by the state before the stated maturity of those notes.

(3)(a) The notes and renewals of the notes shall:

(b) The notes and renewals of notes may:

(a) the purposes established in Section 63B-11-502;

(b) the payment of principal of and, if not otherwise provided, interest on, bond anticipation notes;

(c) the payment of costs of issuance; or

(d) any combination of Subsections (4)(a), (b), and (c).

(5)(a) All of the notes and any renewals of the notes shall be payable from the proceeds of the sale of bonds.

(b) A renewal of any note may not be issued after the sale of bonds in anticipation of which the original note was issued.

(a) issue renewal notes for that purpose;

(b) pay the notes from state money legally available for paying those notes; or

(c) any combination of Subsections (6)(a) and (b).

(a) secured by the full faith, credit, and resources of the state in the manner provided in Part 5, 2002 Highway General Obligation Bonds for Salt Lake County;

(b) payable from:

(c) payable within five years from the date of original issue.

(9)(a) As used in this Subsection (9), “total amount of bonds authorized to be issued but not yet issued” includes bonds authorized to be issued only if one or more conditions are met.

(b) The total amount of notes or renewals of notes issued and outstanding at any one time may not exceed the total amount of bonds authorized to be issued but not yet issued.