GroundRules
Utah Code § 53H-9-308: Investment in bonds by private and public entities -- Approval as collateral security.
Where this section sits in the code
- Title 53H Higher Education
- Chapter 53H-9 Property and Facilities
- Part 53H-9-3 Revenue Bonds
(1) Any bank, savings and loan association, trust, or insurance company organized under the laws of this state or federal law may invest the bank's capital and surplus in bonds issued under this part.
(2) The officers having charge of a sinking fund or any county, city, town, or school district may invest the sinking fund in bonds issued under this part.
(3) The bonds shall also be approved as collateral security for the deposit of any public funds and for the investment of trust funds.
Collected 2026-09-03T11:34:33Z. Source file · JSON