7-2-2751. Disposition of money of abandoned district.
258 words·~1 min read·
/mt/title-7/chapter-2/part-27/7-2-2751·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
7-2-2751 . Disposition of money of abandoned district. If, after all warrants issued and drawn by an abandoned and abolished district during its existence against its several funds and all warrants drawn and issued against said funds under the provisions of 7-2-2724 and 7-2-2741 have been fully paid, with the interest thereon:
(1)any balance remains in such funds, such balance, with any and all money thereafter accruing to any of such funds from the collection of delinquent taxes, unpaid licenses, and from other sources shall be deposited:
(a)to the credit of any special sinking and interest fund for the payment of district funding bonds issued under the provisions of 7-2-2745 (2), 7-2-2747 , and 7-2-2748 ; and
(b)if there be no such fund, then to the credit of any bond sinking and interest fund under 7-2-2749 and 7-2-2750 ; and
(2)after all warrants issued and drawn against any of such funds with the interest thereon, and all district funding bonds issued under the provisions of 7-2-2745 (2), 7-2-2747 , and 7-2-2748 and all bonds referred to in 7-2-2749 have been fully paid, then any balance remaining in any of such funds and all money accruing to any or all of such funds thereafter from any and all sources shall be deposited to the credit of such funds of the county designated in the petition for abandonment as the county to which the territory of the abandoned and abolished county has been attached and made a part, as its board of county commissioners may direct.