48-6681. Use of surplus monies
(Conditionally Rpld. Delayed Rpld.)
A. If a balance remains in the bond proceeds account after all acquisition, construction and related costs have been paid:
1. The board shall credit the balance to repay any other outstanding indebtedness of the district.
2. If the district has no outstanding indebtedness, the board shall credit the remaining balance to the district's general fund.
B. If a balance remains in the debt service account after payment of all bonds, interest and other charges related to bonds issued under this article, the board shall credit the balance to the general fund.
Section: Previous 48-6674 48-6675 48-6676 48-6677 48-6678 48-6679 48-6680 48-6681 48-6682 48-6683 48-6684 48-6685 48-6686 48-6687 48-6688 NextLast modified: October 13, 2016