Utah Code § 63B-7-208

Current through the 2024 Third Special Session
Section 63B-7-208 - Creation of sinking fund
(1) There is created a sinking fund, to be administered by the state treasurer, entitled the "1998 Highway 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.

Utah Code § 63B-7-208

Enacted by Chapter 316, 1998 General Session.