GroundRules
Utah Code § 63B-1-310: Proceeds from sale of obligations -- Use.
Where this section sits in the code
- Title 63B Bonds
- Chapter 63B-1 General Provisions
- Part 63B-1-3 State Building Ownership Authority Act
(1) The proceeds from the sale of obligations issued under this part may be applied only for the purposes for which the obligations were issued.
(2) Any accrued interest and premium received upon the sale, and any portion of the proceeds that may not be needed for the purposes for which the obligations were issued, shall be applied to the payment of the principal of, or the interest on, the obligations.
Collected 2026-09-03T11:34:33Z. Source file · JSON