Utah Code 72-2-114. Transfer of money — Debt service

(1)	When there are insufficient appropriations or money available from other legal sources to pay interest on any bond anticipation notes issued under the authority of 3, the Division of Finance shall inform the department of the amount necessary to pay that interest.

Department: means the Department of Transportation created in Section 72-1-201. See Utah Code 72-1-102

(2)	After receiving notice under Subsection (1), the department shall transfer money from any available source other than the Transportation Fund to the Division of Finance for deposit into the Debt Service Fund to pay interest on bond anticipation notes issued under the authority of 3.

Renumbered and Amended by Chapter 270, 1998 General Session