63B-7-108 - Creation of sinking fund. - Utah Statutes

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Statutes > Utah > Title-63b > Chapter-07 > 63b-7-108

63B-7-108. Creation of sinking fund.
(1) There is created a sinking fund, to be administered by the state treasurer, entitled the"1998 General Obligation 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 67, 1998 General Session

State Codes and Statutes

Statutes > Utah > Title-63b > Chapter-07 > 63b-7-108

63B-7-108. Creation of sinking fund.
(1) There is created a sinking fund, to be administered by the state treasurer, entitled the"1998 General Obligation 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 67, 1998 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-63b > Chapter-07 > 63b-7-108

63B-7-108. Creation of sinking fund.
(1) There is created a sinking fund, to be administered by the state treasurer, entitled the"1998 General Obligation 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 67, 1998 General Session