Utah Refunding Bond Act

  1. Law
  2. Utah Code
  3. Cities, Counties, and Local Taxing Units
  4. Utah Refunding Bond Act

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Section
1

Short title -- Recital of authority required on face of bonds.

Section
2

Definitions.

Section
3

Action by resolution of governing body -- Purposes for bond issue -- Exchange or sale -- Interest rate limitations inapplicable -- Principal amount -- Investment of proceeds -- Safekeeping and application of proceeds -- Computing indebtedness -- Payment of bonds -- Combination issues -- Laws applicable to issuance -- Payment from taxes or pledged revenues.

Section
3.5

Tax levy to pay state refunding bonds -- Sinking fund -- Payments -- Abatement of tax -- Investment of fund -- Interest rates on bonds -- Security for bonds.

Section
4

Publication of resolution -- Notice of bond issue -- Contest of resolution or proceeding.

Section
5

Negotiability of bonds -- Intent and construction of chapter -- Budget for payment of bonds -- Proceedings limited to those required by chapter -- No election required -- Application of chapter.

Section
6

Bonds and interest exempt from taxation except corporate franchise tax.

Section
7

Chapter inapplicable to anticipation bonds and obligations.

Section
8

Chapter controlling in conflict of laws.

Section
9

Prerequisites to issuance of state general obligation refunding bonds.

Section
10

Legal investment status of refunding bonds.