Payment of interest, principal, and redemption premiums.
-
Law
-
Utah Code
-
Bonds
-
2001 Bonding
-
2001 Highway General Obligation Bonds
- Payment of interest, principal, and redemption premiums.
- (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.
Download our app to see the most-to-date content.