Utah § 11-14-317 Bonds as legal investments -- Use as security for the faithful performance of acts.

Utah Statutes

§ 11-14-317 — Bonds as legal investments -- Use as security for the faithful performance of acts.

Utah § 11-14-317

Title 11Cities, Counties, and Local Taxing Units

Ch. 11-14Local Government Bonding Act

Part 11-14-3Issuance of Bonds

This text of Utah § 11-14-317 (Bonds as legal investments -- Use as security for the faithful performance of acts.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 11-14-317 (2026).

Text

(1)All bonds issued under this chapter or other applicable law shall be legal investments for:

(1)(a) all trust funds, including those under the jurisdiction of the state;

(1)(b) the funds of all insurance companies, banks, and both commercial and savings and trust companies;

(1)(c) the state school funds; and

(1)(d) all sinking funds under the control of the state treasurer.

(2)If funds may by law be invested in or loaned upon the security of bonds of a county, city, or school district, funds may be invested in or loaned upon the security of the bonds of any other local political subdivision.

(3)If bonds of a county, city, or school district may by law be used as security for the faithful performance on execution of any court or private trust or any other act, the bonds of any other l

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(1) All bonds issued under this chapter or other applicable law shall be legal investments for:

(1)(a) all trust funds, including those under the jurisdiction of the state;
(1)(b) the funds of all insurance companies, banks, and both commercial and savings and trust companies;
(1)(c) the state school funds; and
(1)(d) all sinking funds under the control of the state treasurer.
(2) If funds may by law be invested in or loaned upon the security of bonds of a county, city, or school district, funds may be invested in or loaned upon the security of the bonds of any other local political subdivision.
(3) If bonds of a county, city, or school district may by law be used as security for the faithful performance on execution of any court or private trust or any other act, the bonds of any other local political subdivision may be used in the same way.