Title 10 Utah Municipal Code Chapter 5 Uniform Fiscal Procedures Act for Utah Towns Section 120 Loans between funds -- Bonds purchased by funds.
10-5-120.Loans between funds -- Bonds purchased by funds.
Subject to restrictions imposed by bond ordinance, statute, or other controlling regulations,
the council may (1) authorize interfund loans from one fund to another at such interest rates and
upon such repayment terms and conditions as it may prescribe, and (2) with available cash in any
fund, purchase or otherwise acquire for investment unmatured bonds of the town or of any fund
of the town.
Enacted by Chapter 34, 1983 General Session
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