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2023 Utah Code
Title 63B - Bonds
Chapter 1a - Master General Obligation Bond Act
Part 3 - General Obligation Bond Repayment Arrangements
Section 302 - Payment of interest, principal, and redemption premiums.
Universal Citation:
UT Code § 63B-1a-302 (2023)
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63B-1a-302. Payment of interest, principal, and redemption premiums.
Enacted by Chapter 2, 2003 General Session
- (1) The Division of Finance shall draw warrants on the state treasury before any interest, principal, or redemption premiums become due on the bonds.
- (2) After receipt of the warrants, the state treasurer shall:
- (a) promptly pay the warrants from funds within the sinking fund; and
- (b) immediately transmit the amount paid to the paying agent for the bonds.
Enacted by Chapter 2, 2003 General Session
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