{"data":{"id":"us-ut/utah-code-53g-4-606","jurisdiction":"us-ut","citation":"Utah Code § 53G-4-606","heading":"Sinking fund -- Investment.","body":"(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.\n(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.","path":["Title 53G Public Education System -- Local Administration","Chapter 53G-4 School Districts","Part 53G-4-6 School District Indebtedness"],"source_url":"https://le.utah.gov/xcode/Title53G/Chapter4/53G-4-S606.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"5e757040d042a9d1c1bda82008b555f4077100bf25a06e7c054d0957f11f074a","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-53g-4-605","next":"us-ut/utah-code-53g-4-607"},"notice":"GroundRules: Original legal text. Not legal advice."}