48-3761. Application of bond proceeds
The district may apply the proceeds from the sale of any of its bonds to further any of its lawful purposes including to pay all costs and estimated costs of the issuance of the bonds, of feasibility studies, of all engineering, inspection, fiscal and legal expenses and of the cost of interest estimated to accrue on money borrowed or that will be borrowed as the governing body may determine, reserve funds, including those for debt service and working capital, costs and fees related to credit enhancement and costs of the services of agents, consultants or experts retained or employed in the planning, preparation, supervision, financing and completion of such undertaking. In addition, the district may expend bond proceeds either as a loan to the United States of America or as a contribution, in aid of the United States of America in constructing, repairing or rebuilding any reclamation project located within the state for which the district acts as a contractual party to assist in the delivery of water.
Section: Previous 48-3754 48-3755 48-3756 48-3757 48-3758 48-3759 48-3760 48-3761 48-3762 48-3771 48-3772 48-3773 48-3774 48-3774.01 48-3775 NextLast modified: October 13, 2016