Utah § 63B-7-208 Creation of sinking fund.

Utah Statutes

§ 63B-7-208 — Creation of sinking fund.

Utah § 63B-7-208

Title 63BBonds

Ch. 63B-71998 Bonding

Part 63B-7-21998 Highway General Obligation Bond Authorization

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Bluebook

Utah Code Ann. § 63B-7-208 (2026).

Text

(1)There is created a sinking fund, to be administered by the state treasurer, entitled the "1998 Highway 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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(1) There is created a sinking fund, to be administered by the state treasurer, entitled the "1998 Highway 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.