11-17-4.6 - Bonds -- Terms specified by governing body. - Utah Statutes

11-17-4.6. Bonds -- Terms specified by governing body.
The proceedings of the governing body under which the bonds are authorized to be issuedmay:
(1) specify either the rate of interest on the bonds or specify the method, formula, orindices by which a variable interest rate on the bonds may be determined while the bonds areoutstanding; and
(2) specify the terms and conditions under which the bonds may be issued, sold, anddelivered, the officer of the issuing municipality, county, or state university responsible for theissuance, execution, and delivery of the bonds, the maximum amount of bonds which may beoutstanding at any one time, the source of payment of the bonds, which may include the proceedsof refunding bonds issued under this chapter, and all other details necessary or appropriate for theissuance of bonds not inconsistent with this chapter.

Enacted by Chapter 128, 1985 General Session