48-6682. Investment of monies in the bond proceeds account
(Conditionally Rpld. Delayed Rpld.)
A. The board may authorize the district fiscal agent to invest monies in the bond proceeds account in the manner prescribed by section 48-6684.
B. The order directing an investment shall state a date on which the proceeds from the sale of the bonds will be needed for use, and the fiscal agent shall make the investment in such a way as to mature on or before the specified date.
C. All monies earned as interest or otherwise derived from the investment of the monies in the bond proceeds account shall be credited to the bond proceeds account.
Section: Previous 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 48-6689 NextLast modified: October 13, 2016