§ 36.40.120. Limitation on use of borrowed money
Moneys received from borrowing shall be used for no other purpose than that for which borrowed except that if any surplus shall remain after the accomplishment of the purpose for which borrowed, it shall be used to redeem the county debt. Where the 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 such bonds have been duly authorized.
[1963 c 4 § 36.40.120. Prior: 1945 c 201 § 1, part; 1943 c 66 § 1, part; 1927 c 301 § 1, part; 1923 c 164 § 5, part; Rem. Supp. 1945 § 3997-5, part.]
Sections: Previous 36.40.050 36.40.060 36.40.070 36.40.071 36.40.080 36.40.090 36.40.100 36.40.120 36.40.130 36.40.140 36.40.150 36.40.160 36.40.170 36.40.180 36.40.190 NextLast modified: April 7, 2009