™Your Policy Risk Impact Agent
60 chapters · 680 sections in this title.
Utah Code § 11-42-609 Validation of previously issued obligations.
1.2K chars
11-42-609. Validation of previously issued obligations. (1) Subject to Subsection: (2) all local entity obligations issued by a local entity before April 30, 2007 are: validated, ratified, and confirmed; and declared to constitute legally binding obligations in accordance with th…
Utah Code § 11-42-701 Guaranty fund.
2.5K chars
11-42-701. Guaranty fund. (1) Except as provided in Section, each local entity that issues assessment bonds shall: 11-42-702 create a guaranty fund, as provided in this section, to secure bonds, to the extent of the money in the fund; and fund the guaranty fund by: appropriations…
Utah Code § 11-42-702 Reserve fund.
1.9K chars
11-42-702. Reserve fund. (1) In lieu of creating and funding a guaranty fund under Sectionfor an issue of assessment bonds or refunding assessment bonds, a local entity may establish a reserve fund to secure the issue. 11-42-701 (2) If a local entity establishes a reserve fund un…
Utah Code § 11-42-703 Payment from guaranty fund or reserve fund if insufficient funds available in the assessment fund -- Payment by warrant from guaranty fund or reserve fund -- Subrogation.
1.0K chars
11-42-703. Payment from guaranty fund or reserve fund if insufficient funds available in the assessment fund -- Payment by warrant from guaranty fund or reserve fund -- Subrogation. (1) If a bond is presented to the local entity for payment at a time when there is insufficient mo…