Utah Statutes

§ 53G-4-801 — Definitions.

Utah·Title 53G Public Education System -- Local Administration·Ch. 53G-4 School Districts·Part 53G-4-8 School District Bond Guaranty
(1)"Bond" means any general obligation bond or refunding bond issued after the effective date of this part.
(2)"Default avoidance program" means the school bond guaranty program established by this part.
(3)"General obligation bond" means any bond, note, warrant, certificate of indebtedness, or other obligation of a local school board payable in whole or in part from revenues derived from ad valorem taxes and that constitutes an indebtedness within the meaning of any applicable constitutional or statutory debt limitation.
(4)"Paying agent" means the corporate paying agent selected by the local school board for a bond issue who is:
(4)(a) duly qualified; and
(4)(b) acceptable to the state treasurer.
(5)"Permanent school fund" means the state school fund described in the Utah Constitu

Free access — add to your briefcase to read the full text and ask questions with AI

Utah § 53G-4-801 (Definitions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Chapter 293, 2019 General Session

Nearby Sections

15
View on official source ↗