Utah § 63B-1a-201 Bonds proceeds -- Deposits -- Investment -- Disposition of investment income and unexpended proceeds.

Utah Statutes

§ 63B-1a-201 — Bonds proceeds -- Deposits -- Investment -- Disposition of investment income and unexpended proceeds.

Utah § 63B-1a-201

Title 63BBonds

Ch. 63B-1aMaster General Obligation Bond Act

Part 63B-1a-2Disposition of Proceeds from General Obligation Bonds

This text of Utah § 63B-1a-201 (Bonds proceeds -- Deposits -- Investment -- Disposition of investment income and unexpended proceeds.) 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. § 63B-1a-201 (2026).

Text

(1)(1)(a) The commission shall provide that proceeds from the sale of bonds issued under this chapter are deposited within one or more accounts as determined by the commission or by the state treasurer.

(1)(b) The state treasurer shall administer and maintain these accounts.

(2)(2)(a) The state treasurer shall:

(2)(a)(i) establish the kinds of investments in which the proceeds of bonds issued under this chapter may be invested; and

(2)(a)(ii) designate where the income from the investment of bond proceeds shall be applied.

(2)(b) The state treasurer shall apply the income from the investment of proceeds of bonds issued under this chapter as directed by the commission by resolution.

(3)Upon completion of the purposes for which the bonds were issued, any unexpended proceeds of the bonds i

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

(1) (1)(a) The commission shall provide that proceeds from the sale of bonds issued under this chapter are deposited within one or more accounts as determined by the commission or by the state treasurer.
(1)(b) The state treasurer shall administer and maintain these accounts.
(2) (2)(a) The state treasurer shall:
(2)(a)(i) establish the kinds of investments in which the proceeds of bonds issued under this chapter may be invested; and
(2)(a)(ii) designate where the income from the investment of bond proceeds shall be applied.
(2)(b) The state treasurer shall apply the income from the investment of proceeds of bonds issued under this chapter as directed by the commission by resolution.
(3) Upon completion of the purposes for which the bonds were issued, any unexpended proceeds of the bonds issued under this chapter shall be deposited in the related sinking fund unless the commission provides otherwise by resolution.