Permanent school fund definition
Permanent school fund means the public school fund created in section 3 of article IX of the state constitution, which is the same as the public school fund described in section 22-41-102, C.R.S.
Permanent school fund means the state school fund described in the Utah Constitution, Article X, Section 5(1).
Permanent school fund means the perpetual school fund established by Article VII, Section 2 of the Texas Constitution.
More Definitions of Permanent school fund
Permanent school fund means the public school fund
Permanent school fund means the state school fund described in the Utah 1517 Constitution, Article X, Section 5(1). 1518 [(7)] (6) "Refunding bond" means any general obligation bond issued by a local school 1519 board for the purpose of refunding its outstanding general obligation bonds. 1520 [(8)] (7) "School district" means any school district existing now or later under the 1521 laws of the state. 1522 Section 36. Section 53G-4-802 is amended to read: 1523 53G-4-802. Contract with bondholders -- Full faith and credit of state is pledged 1524 -- Limitation as to certain refunded bonds. 1525 (1) (a) The state of Utah pledges to and agrees with the holders of any bonds that the 1526 state will not alter, impair, or limit the rights vested by the default avoidance program with 1527 respect to the bonds until the bonds, together with applicable interest, are fully paid and 1528 discharged. 1529 (b) Notwithstanding Subsection (1)(a), nothing contained in this part precludes an 1530 alteration, impairment, or limitation if adequate provision is made by law for the protection of 1531 the holders of the bonds. 1532 (c) Each local school board may refer to this pledge and undertaking by the state in its 1533 bonds. 1534 (2) (a) The full faith and credit and unlimited taxing power of the state is pledged to 1535 guarantee full and timely payment of the principal of (either at the stated maturity or by any 1536 advancement of maturity pursuant to a mandatory sinking fund payment) and interest on, bonds 1537 as such payments shall become due (except that in the event of any acceleration of the due date 1538 of such principal by reason of mandatory or optional redemption or acceleration resulting from 1539 default of otherwise, other than any advancement of maturity pursuant to a mandatory sinking 1540 fund payment, the payments guaranteed shall be made in such amounts and at such times as 1541 such payments of principal would have been due had there not been any such acceleration). 1542 (b) This guaranty does not extend to the payment of any redemption premium. 1543 (c) Reference to this part by its title on the face of any bond conclusively establishes 1544 the guaranty provided to that bond under provisions of this part. 1545 (3) (a) Any bond guaranteed under this part that is refunded and considered paid for the 1546 purposes of and within the meaning of Subsection 11-27-3(6), no longer has the benefit of the