Utah Code 11-42-603. Sources of payment for interim warrants and bond anticipation notes

Each local entity that has issued interim warrants or bond anticipation notes shall pay the warrants or notes from:

(1) proceeds from the sale of assessment bonds;

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Assessment bonds: means bonds that are:
(3)(a) issued under Section 11-42-605; and
(3)(b) payable in part or in whole from assessments levied in an assessment area, improvement revenues, and a guaranty fund or reserve fund. See Utah Code 11-42-102
Bond anticipation notes: means notes issued under Section 11-42-602 in anticipation of the issuance of assessment bonds. See Utah Code 11-42-102
Bonds: means assessment bonds and refunding assessment bonds. See Utah Code 11-42-102
Guaranty fund: means the fund established by a local entity under Section 11-42-701. See Utah Code 11-42-102
Local entity: means :
     (31)(a) a county, city, town, special service district, or special district;
     (31)(b) an interlocal entity as defined in Section 11-13-103;
     (31)(c) the military installation development authority, created in Section 63H-1-201;
     (31)(d) a public infrastructure district under Title 17D, Chapter 4, Public Infrastructure District Act, including a public infrastructure district created by a development authority;
     (31)(e) the Utah Inland Port Authority, created in Section 11-58-201; or
     (31)(f) any other political subdivision of the state. See Utah Code 11-42-102
Reserve fund: means a fund established by a local entity under Section 11-42-702. See Utah Code 11-42-102

(2) cash the local entity receives from the payment for improvements;

(3) assessments;

(4) improvement revenues that are not pledged to the payment of assessment bonds;

(5) proceeds from the sale of interim warrants or bond anticipation notes; or

(6) the local entity’s guaranty fund or, if applicable, the reserve fund.