Utah § 54-9-107 Disposition of proceeds and revenues.

Utah Statutes

§ 54-9-107 — Disposition of proceeds and revenues.

Utah § 54-9-107

Title 54Public Utilities

Ch. 54-9Electric Power Facilities Act

This text of Utah § 54-9-107 (Disposition of proceeds and revenues.) 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. § 54-9-107 (2026).

Text

All money belonging to a public power entity in connection with common facilities, including the proceeds of the sale of bonds and the revenues arising from the operation of common facilities:

(1)may be deposited in a bank or trust company doing business within or without the state; and

(2)shall be accounted for and disbursed in accordance with applicable law and the provisions of the resolution or indenture authorizing the issuance of the bonds.

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All money belonging to a public power entity in connection with common facilities, including the proceeds of the sale of bonds and the revenues arising from the operation of common facilities:
(1) may be deposited in a bank or trust company doing business within or without the state; and
(2) shall be accounted for and disbursed in accordance with applicable law and the provisions of the resolution or indenture authorizing the issuance of the bonds.