48-6685. Deposit and disbursement of monies
(Conditionally Rpld. Delayed Rpld.)
A. Monies derived from selling bonds under this article or pledged or assigned to or in trust for the benefit of the holder or holders of the bonds shall be deposited by the district fiscal agent in financial institutions that the board designates and that are insured by an agency or instrumentality of the United States. The monies shall be disbursed as the board directs and according to the terms of any agreements with the holder or holders of the bonds.
B. This section shall not be construed as limiting the power of the board to agree in connection with the issuance of any of its bonds as to the custody and disposition of the monies received from selling bonds or from the income and revenues pledged or assigned to or in trust for the benefit of the holder or holders of the bonds.
Section: Previous 48-6678 48-6679 48-6680 48-6681 48-6682 48-6683 48-6684 48-6685 48-6686 48-6687 48-6688 48-6689 48-6801 48-6802 48-6803 NextLast modified: October 13, 2016