33-1113. Disposition of unexpended balance.
70 words·~1 min read·
/id/title-33-education/chapter-11-school-bonds/33-1113·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever there shall remain any balance of funds arising from the sale of bonds over and above the amount necessary to meet the requirements approved by the electors, such balance shall be placed in the bond interest and redemption fund, to be deposited or invested as provided by law for such fund, and applied only to the redemption of and payment of interest on, any bond issue of the district.