Payment of interest, principal, and redemption premiums.

  1. Law
  2. Utah Code
  3. Bonds
  4. 1993 Bonding
  5. Highway General Obligation Bonds
  6. Payment of interest, principal, and redemption premiums.

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  • (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.




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