Utah Statutes
§ 63B-8-408 — Creation of sinking fund.
Utah·Title 63B Bonds·Ch. 63B-8 1999 Bonding·Part 63B-8-4 Additional Capital Facilities General Obligation Bond
(1)There is created a sinking fund, to be administered by the state treasurer, entitled the "1999 General Obligation Capital Project 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.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 63B-8-408 (Creation of sinking fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 327, 2000 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.