2006 Utah Code - 11-17-4.6 — Bonds -- Terms specified by governing body.

     11-17-4.6.   Bonds -- Terms specified by governing body.
     The proceedings of the governing body under which the bonds are authorized to be issued may:
     (1) specify either the rate of interest on the bonds or specify the method, formula, or indices by which a variable interest rate on the bonds may be determined while the bonds are outstanding; and
     (2) specify the terms and conditions under which the bonds may be issued, sold, and delivered, the officer of the issuing municipality, county, or state university responsible for the issuance, execution, and delivery of the bonds, the maximum amount of bonds which may be outstanding at any one time, the source of payment of the bonds, which may include the proceeds of refunding bonds issued under this chapter, and all other details necessary or appropriate for the issuance of bonds not inconsistent with this chapter.

Enacted by Chapter 128, 1985 General Session