Utah Statutes
§ 11-14-317 — Bonds as legal investments -- Use as security for the faithful performance of acts.
Utah·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-14 Local Government Bonding Act·Part 11-14-3 Issuance of Bonds
(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
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 11-14-317 (Bonds as legal investments -- Use as security for the faithful performance of acts.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 83, 2006 General Session
Nearby Sections
15
§ 11-1-4
Sinking fund -- Investment.§ 11-1-6
Violation of act a misdemeanor.§ 11-10-2
Qualifications of licensee.§ 11-10-3
License fee.§ 11-13-101
Title.§ 11-13-102
Purpose of chapter.§ 11-13-103
Definitions.