46A-7-35. Application of funds from assessment and levy--Priority in distribution.
49 words·~1 min read·
/sd/title-46/chapter-46-7/46a-7-35A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The funds arising from assessment and levy in any year shall be devoted to the obligations of the district payable from such funds and, as to all obligations payable from the bond and United States contract fund, shall be so devoted in the order of priority of the obligation.