Utah Statutes
§ 63B-5-109 — Payment of interest, principal, and redemption premiums.
(1)The Division of Finance shall draw warrants on the state treasury before any interest, principal, or redemption premiums become due on the bonds.
(2)After receipt of the warrants, the state treasurer shall:
(2)(a) promptly pay the warrants from funds within the sinking fund; and
(2)(b) immediately transmit the amount paid to the paying agent for the bonds.
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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.