Utah Statutes
§ 63B-5-108 — Creation of sinking fund.
Utah § 63B-5-108
This text of Utah § 63B-5-108 (Creation of sinking fund.) 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-5-108 (2026).
Text
(1)There is created a sinking fund, to be administered by the state treasurer, entitled the "1996 General Obligation Bonds Sinking Fund."
(2)All money deposited in the sinking fund, from whatever source, shall be used to pay debt service on the bonds.
(3)The proceeds of all taxes levied under this chapter are appropriated to this fund.
(4)The state treasurer may create separate accounts within the sinking fund for each series of bonds issued.
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Legislative History
Enacted by Chapter 335, 1996 General Session
Nearby Sections
15
§ 63B-1-101
Definitions.§ 63B-1-201
Members -- Powers and duties -- Per diem.§ 63B-1-301
Title.§ 63B-1-302
Legislative findings.§ 63B-1-303
Definitions.§ 63B-1-305
Powers and duties of authority.§ 63B-1-309
Securing of obligations -- Provisions in mortgages given as security -- Procedure upon default.§ 63B-1-310
Proceeds from sale of obligations -- Use.§ 63B-1-311
Cost of acquiring or constructing facility.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 63B-5-108, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/63B-5-108.