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UTAH STATUTES AND CODES
72-11-111 - Sale of bonds.
72-11-111. Sale of bonds.
The committee, with the approval of the director of the Division of Finance, may fix theterms and conditions for the sale or other disposition of any authorized issuance of bonds underthis chapter and may sell any of the bonds at less than the par or face value, but no bond may besold at a price below the par or face value of the bond which would result in a sale price yieldingto the purchaser an average of more than 9% per annum, payable semiannually according tostandard tables of bond values.
The committee, with the approval of the director of the Division of Finance, may fix theterms and conditions for the sale or other disposition of any authorized issuance of bonds underthis chapter and may sell any of the bonds at less than the par or face value, but no bond may besold at a price below the par or face value of the bond which would result in a sale price yieldingto the purchaser an average of more than 9% per annum, payable semiannually according tostandard tables of bond values.
Renumbered and Amended by Chapter 270, 1998 General Session
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