§ 35A.33.130. Funds received from sales of bonds and warrants -- Expenditures
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.
[1967 ex.s. c 119 § 35A.33.130.]
Sections: Previous 35A.33.090 35A.33.100 35A.33.102 35A.33.105 35A.33.110 35A.33.120 35A.33.122 35A.33.125 35A.33.130 35A.33.135 35A.33.140 35A.33.145 35A.33.146 35A.33.150 35A.33.160 NextLast modified: April 7, 2009