GroundRules
Utah Code § 53G-4-606: Sinking fund -- Investment.
Where this section sits in the code
- Title 53G Public Education System -- Local Administration
- Chapter 53G-4 School Districts
- Part 53G-4-6 School District Indebtedness
(1) The money levied and collected to create a sinking fund for the redemption of bonds issued by a local school board shall be immediately credited to a special fund.
(2) After retaining an amount sufficient to pay the principal of the bonds maturing during the year, the local school board shall invest the fund and any surplus as provided under Title 51, Chapter 7, State Money Management Act.
Collected 2026-09-03T11:34:33Z. Source file · JSON