There is a newer version of the Utah Code
2006 Utah Code - 11-25-20 — Moneys received as trust funds -- Depository as trustee.
11-25-20. Moneys received as trust funds -- Depository as trustee.All moneys received pursuant to the provisions of this part, whether proceeds from the sale of bonds or revenues, shall be deemed to be trust funds to be held and applied solely as provided in this part. Any bank or trust company in which these moneys are deposited shall act as trustee of the moneys and shall hold and apply the same for the purposes specified in this part, subject to the terms of the resolution authorizing the bonds.
Enacted by Chapter 276, 1977 General Session
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