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

Utah Statutes

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

Utah·Title 54 Public Utilities·Ch. 54-9 Electric Power Facilities Act

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.

Utah § 54-9-107 (Disposition of proceeds and revenues.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.