There is a newer version of the Utah Code
2006 Utah Code - 17A-3-339 — Subrogation of municipality for payments from guaranty or reserve fund.
17A-3-339. Subrogation of municipality for payments from guaranty or reserve fund.If a municipality has paid under its guaranty or reserve fund any sum on account of principal or interest on the special improvement bonds of any special improvement district, it shall be subrogated to the rights of the holders of the bonds or interest coupons paid, and the bonds or coupons and the proceeds from them shall become a part of the special improvement guaranty fund or reserve fund, as applicable.
Amended by Chapter 214, 1990 General Session
Renumbered and Amended by Chapter 186, 1990 General Session
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