§ 35.33.131. Funds received from sale of bonds and warrants -- Expenditure program
Moneys received from the sale of bonds or warrants shall be used for no other purpose than that for which they were issued and no expenditure shall be made for that purpose until the bonds have been duly authorized. If any unexpended fund balance remains from the proceeds realized from the bonds or warrants after the accomplishment of the purpose for which they were issued it shall be used for the redemption of such bond or warrant indebtedness. Where a budget contains an expenditure program to be financed from a bond issue to be authorized thereafter, no such expenditure shall be made or incurred until after the bonds have been duly authorized.
[1969 ex.s. c 95 § 19.]
Sections: Previous 35.33.091 35.33.101 35.33.106 35.33.107 35.33.111 35.33.121 35.33.123 35.33.125 35.33.131 35.33.135 35.33.141 35.33.145 35.33.147 35.33.151 35.33.170 NextLast modified: April 7, 2009