2006 Utah Code - 17A-2-763 — Payment of delinquency.

     17A-2-763.   Payment of delinquency.
     In the event of the failure of the lands within the local improvement district to furnish money sufficient for the payment of principal or interest of the warrants for such local improvement work and there shall be a default in the payment of principal and interest, as aforesaid, the amount delinquent shall be paid by the general warrants for the irrigation district at large, but the lands of the local improvement district shall not thereby become released from liability for special assessment therefor. Such general district warrants, if issued, shall be redeemed as soon as there shall be available money in the local improvement district fund.

Renumbered and Amended by Chapter 186, 1990 General Session