Utah Code 63B-7-409. Payment of interest, principal, and redemption premiums

(1) The Division of Finance shall draw warrants on the state treasury before any interest, principal, or redemption premiums become due on the bonds.

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Division: means the Division of Facilities Construction and Management. See Utah Code 63B-1-101
Sinking fund: means the fund or account established as provided in this title to hold money to pay the principal and interest on each series of bonds as they become due. See Utah Code 63B-1-101
State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5

(2) After receipt of the warrants, the state treasurer shall:

(2)(a) promptly pay the warrants from funds within the sinking fund; and

(2)(b) immediately transmit the amount paid to the paying agent for the bonds.