Utah Statutes
§ 72-2-114 — Transfer of money -- Debt service.
Utah·Title 72 Transportation Code·Ch. 72-2 Transportation Finances Act·Part 72-2-1 Transportation Fund and Highway Finances
(1)When there are insufficient appropriations or money available from other legal sources to pay interest on any bond anticipation notes issued under the authority of Title 63B, Chapter 6, Part 3, 1997 Highway Bond Anticipation Note Authorization, the Division of Finance shall inform the department of the amount necessary to pay that interest.
(2)After receiving notice under Subsection (1), the department shall transfer money from any available source other than the Transportation Fund to the Division of Finance for deposit into the Debt Service Fund to pay interest on bond anticipation notes issued under the authority of Title 63B, Chapter 6, Part 3, 1997 Highway Bond Anticipation Note Authorization.
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Legislative History
Renumbered and Amended by Chapter 270, 1998 General Session
Nearby Sections
15
§ 72-1-101
Title.§ 72-1-102
Definitions.§ 72-1-201
Creation of Department of Transportation -- Functions, powers, duties, rights, and responsibilities.§ 72-1-203
Deputy director -- Appointment -- Qualifications -- Other assistants and advisers -- Salaries.§ 72-1-204
Divisions enumerated -- Duties.§ 72-1-212
Special use permitting -- Rulemaking.