4-62-2. Use of proceeds of bond issue.
42 words·~1 min read·
/nm/chapter-4-counties/article-62-revenue-bonds/4-62-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is unlawful to divert, use or expend any money received from the issuance of bonds for any purpose other than the purpose for which the bonds were issued.
History: 1978 Comp., § 4-62-2, enacted by Laws 1992, ch. 95, § 2.