State Codes and Statutes

Statutes > Utah > Title-63b > Chapter-06 > 63b-6-408

63B-6-408. Creation of sinking fund.
(1) There is created a sinking fund, to be administered by the state treasurer, entitled the"1997 General Obligation Project Bonds Sinking Fund."
(2) All money deposited in the sinking fund, from whatever source, shall be used to paydebt 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 eachseries of bonds issued.

Enacted by Chapter 391, 1997 General Session

State Codes and Statutes

Statutes > Utah > Title-63b > Chapter-06 > 63b-6-408

63B-6-408. Creation of sinking fund.
(1) There is created a sinking fund, to be administered by the state treasurer, entitled the"1997 General Obligation Project Bonds Sinking Fund."
(2) All money deposited in the sinking fund, from whatever source, shall be used to paydebt 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 eachseries of bonds issued.

Enacted by Chapter 391, 1997 General Session


State Codes and Statutes

State Codes and Statutes

Statutes > Utah > Title-63b > Chapter-06 > 63b-6-408

63B-6-408. Creation of sinking fund.
(1) There is created a sinking fund, to be administered by the state treasurer, entitled the"1997 General Obligation Project Bonds Sinking Fund."
(2) All money deposited in the sinking fund, from whatever source, shall be used to paydebt 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 eachseries of bonds issued.

Enacted by Chapter 391, 1997 General Session