Utah Code § 63B-7-108
Creation of sinking fund
Utah · Utah Code Title 63B — Bonds · Status: effective
Cite this
- Citation
- Utah Code § 63B-7-108, Creation of sinking fund, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2346583
- Permanent ID
ys:prov:2346583@1- SHA-256
555706bb2e810328162fd361e5fd138c6a4099e05c3376a72af904f7c1a4d80f
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(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 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.