21-03-44. Sinking fund - Use for unauthorized purpose.
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/nd/title-21/chapter-21-03-bonds/21-03-44A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Money may not be withdrawn from a sinking fund and appropriated to any purpose other than the purpose for which the fund was instituted until that purpose has been accomplished, except as authorized by section 6-09.4-23 and sections 21-03-42 through 21-03-45.