48-3255. Partial payment of bonds and interest
Upon granting the petition and during the retention of jurisdiction by the committee, if there are in the district treasury at any time funds available for the payment of bonds or interest thereon, but such amount is not sufficient to pay all outstanding bonds, interest coupons, or both, then due, the funds shall be held until they amount to at least twenty per cent of the total due on all outstanding bonds and coupons and shall then be apportioned and paid to the holders of the bonds which are then on deposit with the state treasurer.
Section: Previous 48-3248 48-3249 48-3250 48-3251 48-3252 48-3253 48-3254 48-3255 48-3256 48-3401 48-3402 48-3403 48-3404 48-3421 48-3422 NextLast modified: October 13, 2016