Title 11 Chapter 27

Title 11Cities, Counties, and Local Taxing Units (Download: PDF | RTF | WordPerfect) (Download Future Chapters: PDF | RTF | WordPerfect)
Chapter 27Utah Refunding Bond Act (Download: PDF | RTF | WordPerfect)
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Section 1 Short title -- Recital of authority required on face of bonds.
Section 2 Definitions.
Section 3 Action by resolution of governing body -- Purposes for bond issue -- Exchange or sale -- Interest rate limitations inapplicable -- Principal amount -- Investment of proceeds -- Safekeeping and application of proceeds -- Computing indebtedness -- Payment of bonds -- Combination issues -- Laws applicable to issuance -- Payment from taxes or pledged revenues.
Section 3.5 Tax levy to pay state refunding bonds -- Sinking fund -- Payments -- Abatement of tax -- Investment of fund -- Interest rates on bonds -- Security for bonds.
Section 4 Publication of resolution -- Notice of bond issue -- Contest of resolution or proceeding.
Section 5 Negotiability of bonds -- Intent and construction of chapter -- Budget for payment of bonds -- Proceedings limited to those required by chapter -- No election required -- Application of chapter.
Section 6 Bonds and interest exempt from taxation except corporate franchise tax.
Section 7 Chapter inapplicable to anticipation bonds and obligations.
Section 8 Chapter controlling in conflict of laws.
Section 9 Prerequisites to issuance of state general obligation refunding bonds.
Section 10 Legal investment status of refunding bonds.
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