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UTAH STATUTES AND CODES
73-11-3 - Disposition of proceeds.
73-11-3. Disposition of proceeds.
The money derived from the sale or lease of such excess stock shall go to the reservoirland grant fund until the principal of the loan or loans made to the Carbon Water Company, or itspredecessors, the interest thereon, and advances made by the state in connection therewith, arefully paid, and thereafter the money derived from the sale or lease of said stock go to the stateschool fund.
The money derived from the sale or lease of such excess stock shall go to the reservoirland grant fund until the principal of the loan or loans made to the Carbon Water Company, or itspredecessors, the interest thereon, and advances made by the state in connection therewith, arefully paid, and thereafter the money derived from the sale or lease of said stock go to the stateschool fund.
No Change Since 1953
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