Esheria Esheria Statutes
Ask AI Sign in

United States — Utah Act or statute

United States — Utah legislation

Utah Code § 11-25-16

The agency may issue bonds to refund outstanding bonds, pay related redemption costs and premiums, and cover some residential rehabilitation costs. It must invest certain escrowed or designated pr…

Source excerpt

bond issuancebond proceedsbond refundingdebt managementescrowinvestmentinvestment of proceedsinvestment proceduresmoney managementpublic financerefunding bondsstate money management
Jurisdiction
United States — Utah
Status
In force
Dates
Legal dates not recorded
On this page

Professional statute overview

Enactment structure, operative effect and source provenance

Official source

01

Purpose and legislative effect

“The agency may issue bonds to refund outstanding bonds, pay related redemption costs and premiums, and cover some residential rehabilitation costs. It must invest certain escrowed or designated proceeds under the State Money Management Act and apply investment earnings to the refunded bonds; remaining balances may late”

Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.

02

How the instrument operates

  1. 01

    Start with the recorded version

    Legal dates not recorded. The date shown identifies this source expression and should not be treated as proof that no later change exists.

  2. 02

    Locate the controlling provision

    Use the provision map, part headings and full-text filter to move from the broad subject to the exact legal language.

  3. 03

    Read conditions and exceptions together

    Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.

  4. 04

    Verify currency and official wording

    Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.

03

Research entry points

Selected provisions across the instrument. Open any row to continue with the exact stored text.

Refunding bonds -- Issuance -- Proceeds -- Investments.

The agency may issue bonds to refund outstanding bonds, pay related redemption costs and premiums, and cover some residential rehabilitation costs. It must invest certain escrowed or designated proceeds under the State Money Management Act and apply investment…

Section 11-25-16

Subsection 11-25-16(1)(b)

Pay redemption premiums and accrued interest up to the earliest or later redemption, purchase, or maturity date of the bonds.

Section 11-25-16(1)(b)

Subsection 11-25-16(2)(b)

pending that application, place them in escrow, to be applied to the purchase or retirement at maturity or redemption on the date determined by the agency.

Section 11-25-16(2)(b)

Subsection 11-25-16(3)(b)

The agency must use investment interest or other earnings to pay the bonds being refunded.

Section 11-25-16(3)(b)

Subsection 11-25-16(5)

All bonds issued under this section are subject to this part as other bonds issued under this chapter are.

Section 11-25-16(5)

04

Source and current-law status

In force source record

Source record from le.utah.gov · Legal dates not recorded

In force

This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.

For advice, pleadings, or compliance decisions, retain the official source and confirm the current consolidated provision.

Official record

Source-indexed provision map

Sections and provisions

Search by section, heading, part or exact legal wording. Every result remains linked to the stored source record.

Showing 14 of 14 provisions

Provision 14
§ 11-25-16Refunding bonds -- Issuance -- Proceeds -- Investments.Provision

Source excerpt

The agency may issue bonds to refund outstanding bonds, pay related redemption costs and premiums, and cover some residential rehabilitation costs. It must invest certain escrowed or designated proceeds under the State Money Management Act and apply investment earnings to the refunded bonds; remaining balances may later be returned to the agency for lawful use.

Refunding bonds -- Issuance -- Proceeds -- Investments. The agency may provide for the issuance of the bonds of the agency to: refund any outstanding bonds of the agency; pay any redemption premiums and any interest accrued or to accrue to the earliest or subsequent date of redemption, purchase, or maturity of those bonds; and pay all or any part of the cost of additional residential rehabilitation. The agency may: apply the proceeds of bonds issued for the purpose of refunding any outstanding bonds to the purchase or retirement at maturity or redemption of any outstanding bonds, either at their earliest or any subsequent redemption date or upon the purchase or retirement at their maturity; and pending that application, place them in escrow, to be applied to the purchase or retirement at maturity or redemption on the date determined by the agency. Pending use for purchase, retirement at maturity, or redemption of outstanding bonds, any proceeds held in escrow under Subsection (2) shall be invested by following the procedures and requirements of Title 51, Chapter 7, State Money Management Act . The agency shall apply any interest or other increment earned or realized on an investment to the payment of the outstanding bonds to be refunded. After the terms of the escrow have been fully satisfied and carried out, any balance of proceeds and any interest or increment earned or realized from the investment of them may be returned to the agency to be used by it for any lawful purpose. The agency shall invest that portion of the proceeds of any bonds designated for the purpose of paying all or any part of the cost of additional residential rehabilitation under Subsection (1) by following the procedures and requirements of Title 51, Chapter 7, State Money Management Act . All bonds issued under this section are subject to the provisions of this part in the same manner and to the same extent as other bonds issued under this chapter.
Section 11-25-16Verify source
§ 11-25-16(1)Subsection 11-25-16(1)Provision

Source excerpt

The agency may issue bonds for specified financing purposes, including refunding its outstanding bonds, paying redemption premiums and accrued interest, and covering all or part of the cost of additional residential rehabilitation.

The agency may provide for the issuance of the bonds of the agency to: refund any outstanding bonds of the agency; pay any redemption premiums and any interest accrued or to accrue to the earliest or subsequent date of redemption, purchase, or maturity of those bonds; and pay all or any part of the cost of additional residential rehabilitation.
Section 11-25-16(1)Verify source
§ 11-25-16(1)(a)Subsection 11-25-16(1)(a)Provision

Source excerpt

refund any outstanding bonds of the agency;

refund any outstanding bonds of the agency;
Section 11-25-16(1)(a)Verify source
§ 11-25-16(1)(b)Subsection 11-25-16(1)(b)Provision

Source excerpt

Pay redemption premiums and accrued interest up to the earliest or later redemption, purchase, or maturity date of the bonds.

pay any redemption premiums and any interest accrued or to accrue to the earliest or subsequent date of redemption, purchase, or maturity of those bonds; and
Section 11-25-16(1)(b)Verify source
§ 11-25-16(1)(c)Subsection 11-25-16(1)(c)Provision

Source excerpt

An unspecified actor must pay all or part of the cost of additional residential rehabilitation.

pay all or any part of the cost of additional residential rehabilitation.
Section 11-25-16(1)(c)Verify source
§ 11-25-16(2)Subsection 11-25-16(2)Provision

Source excerpt

The agency may use refunding bond proceeds to buy back, retire, or redeem outstanding bonds, and may hold the money in escrow until it is used for that purpose.

The agency may: apply the proceeds of bonds issued for the purpose of refunding any outstanding bonds to the purchase or retirement at maturity or redemption of any outstanding bonds, either at their earliest or any subsequent redemption date or upon the purchase or retirement at their maturity; and pending that application, place them in escrow, to be applied to the purchase or retirement at maturity or redemption on the date determined by the agency.
Section 11-25-16(2)Verify source
§ 11-25-16(2)(a)Subsection 11-25-16(2)(a)Provision

Source excerpt

The proceeds of refunding bonds must be used to buy or retire outstanding bonds at maturity or redeem them at the earliest or another redemption date.

apply the proceeds of bonds issued for the purpose of refunding any outstanding bonds to the purchase or retirement at maturity or redemption of any outstanding bonds, either at their earliest or any subsequent redemption date or upon the purchase or retirement at their maturity; and
Section 11-25-16(2)(a)Verify source
§ 11-25-16(2)(b)Subsection 11-25-16(2)(b)Provision

Source excerpt

pending that application, place them in escrow, to be applied to the purchase or retirement at maturity or redemption on the date determined by the agency.

pending that application, place them in escrow, to be applied to the purchase or retirement at maturity or redemption on the date determined by the agency.
Section 11-25-16(2)(b)Verify source
§ 11-25-16(3)Subsection 11-25-16(3)Provision

Source excerpt

Escrowed bond proceeds must be invested under the State Money Management Act until needed, and the agency must apply any investment earnings to paying the refunded bonds.

Pending use for purchase, retirement at maturity, or redemption of outstanding bonds, any proceeds held in escrow under Subsection (2) shall be invested by following the procedures and requirements of Title 51, Chapter 7, State Money Management Act . The agency shall apply any interest or other increment earned or realized on an investment to the payment of the outstanding bonds to be refunded. After the terms of the escrow have been fully satisfied and carried out, any balance of proceeds and any interest or increment earned or realized from the investment of them may be returned to the agency to be used by it for any lawful purpose.
Section 11-25-16(3)Verify source
§ 11-25-16(3)(a)Subsection 11-25-16(3)(a)Provision

Source excerpt

While the bonds are waiting to be used for purchase, retirement at maturity, or redemption, any escrowed proceeds must be invested under the procedures and requirements of the State Money Management Act.

Pending use for purchase, retirement at maturity, or redemption of outstanding bonds, any proceeds held in escrow under Subsection (2) shall be invested by following the procedures and requirements of Title 51, Chapter 7, State Money Management Act .
Section 11-25-16(3)(a)Verify source
§ 11-25-16(3)(b)Subsection 11-25-16(3)(b)Provision

Source excerpt

The agency must use investment interest or other earnings to pay the bonds being refunded.

The agency shall apply any interest or other increment earned or realized on an investment to the payment of the outstanding bonds to be refunded.
Section 11-25-16(3)(b)Verify source
§ 11-25-16(3)(c)Subsection 11-25-16(3)(c)Provision

Source excerpt

After escrow is fully satisfied and carried out, any remaining proceeds and earned investment returns may be returned to the agency.

After the terms of the escrow have been fully satisfied and carried out, any balance of proceeds and any interest or increment earned or realized from the investment of them may be returned to the agency to be used by it for any lawful purpose.
Section 11-25-16(3)(c)Verify source
§ 11-25-16(4)Subsection 11-25-16(4)Provision

Source excerpt

The agency shall invest that portion of the proceeds of any bonds designated for the purpose of paying all or any part of the cost of additional residential rehabilitation under Subsection (1) by following the procedures and requirements

The agency shall invest that portion of the proceeds of any bonds designated for the purpose of paying all or any part of the cost of additional residential rehabilitation under Subsection (1) by following the procedures and requirements of Title 51, Chapter 7, State Money Management Act .
Section 11-25-16(4)Verify source
§ 11-25-16(5)Subsection 11-25-16(5)Provision

Source excerpt

All bonds issued under this section are subject to this part as other bonds issued under this chapter are.

All bonds issued under this section are subject to the provisions of this part in the same manner and to the same extent as other bonds issued under this chapter.
Section 11-25-16(5)Verify source

Legislative relationships

1 referenced instrument

Names are derived from the stored provision headings and citation-enrichment layer. Treat this as a research index and verify each relationship against the source text.

N–S

1 instrument

  • State Money Management Act

    Section 11-25-16(3)(a)

Recorded versions and source checkpoint

1 version available in this collection

Current-law checkpoint
  • Undated version · currentEnglish · In force

This relationship view does not by itself establish whether another instrument remains in force.

Check official source

Source-linked research

Ask AI about this statute

The overview, provisions, and source records above are public. Continue in a separate conversation with this statute’s jurisdiction and source version attached.

About this LexChat collection

Statute information is organised from identified legislative sources for professional research. Corrections can be reported to hello@esheria.ai.