6-8B-13. Disposition of proceeds.
39 words·~1 min read·
/sd/title-6/chapter-6-8/6-8b-13A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The proceeds derived from the sale of any bonds shall be kept as a special fund apart from the other funds of the public body and shall be used exclusively for the purpose for which the bonds were issued.