Utah § 11-42-603 Sources of payment for interim warrants and bond anticipation notes.

Utah Statutes

§ 11-42-603 — Sources of payment for interim warrants and bond anticipation notes.

Utah § 11-42-603

Title 11Cities, Counties, and Local Taxing Units

Ch. 11-42Assessment Area Act

Part 11-42-6Interim Warrants, Bond Anticipation Notes, Assessment Bonds, and Refunding Assessment Bonds

This text of Utah § 11-42-603 (Sources of payment for interim warrants and bond anticipation notes.) 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. § 11-42-603 (2026).

Text

Each local entity that has issued interim warrants or bond anticipation notes shall pay the warrants or notes from:

(1)proceeds from the sale of assessment bonds;

(2)cash the local entity receives from the payment for improvements;

(3)assessments;

(4)improvement revenues that are not pledged to the payment of assessment bonds;

(5)proceeds from the sale of interim warrants or bond anticipation notes; or

(6)the local entity's guaranty fund or, if applicable, the reserve fund.

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Each local entity that has issued interim warrants or bond anticipation notes shall pay the warrants or notes from:
(1) proceeds from the sale of assessment bonds;
(2) cash the local entity receives from the payment for improvements;
(3) assessments;
(4) improvement revenues that are not pledged to the payment of assessment bonds;
(5) proceeds from the sale of interim warrants or bond anticipation notes; or
(6) the local entity's guaranty fund or, if applicable, the reserve fund.