§ 765. Use of funds.
50 words·~1 min read·
/de/title-9/chapter-7-park-districts/subchapter-v-bonds-powers-to-issue-terms/765·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Moneys raised by the issuance of notes in anticipation of the issuance of bonds shall be used only to finance the purpose or purposes for which the proceeds of the bonds may be used and such proceeds shall be applied, to the extent necessary, to pay and retire such notes.