Utah Code Title 63B. Bonds § 63B-5-108. Creation of sinking fund
Current as of May 05, 2022 | Updated by FindLaw Staff
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
(1) There is created a sinking fund, to be administered by the state treasurer, entitled the “1996 General Obligation Bonds Sinking Fund.”
(2) All money deposited in the sinking fund, from whatever source, shall be used to pay debt service on the bonds.
(3) The proceeds of all taxes levied under this chapter are appropriated to this fund.
(4) The state treasurer may create separate accounts within the sinking fund for each series of bonds issued.
Cite this article: FindLaw.com - Utah Code Title 63B. Bonds § 63B-5-108. Creation of sinking fund - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-63b-bonds/ut-code-sect-63b-5-108/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?