§ 39.53.100. Use of deposit moneys and investments in computing indebtedness
In computing indebtedness for the purpose of any constitutional or statutory debt limitation there shall be deducted from the amount of outstanding indebtedness the amounts of money and investments credited to or on deposit for general obligation bond retirement.
[1973 1st ex.s. c 25 § 6; 1965 ex.s. c 138 § 11.]
Sections: Previous 39.53.040 39.53.045 39.53.050 39.53.060 39.53.070 39.53.080 39.53.090 39.53.100 39.53.110 39.53.120 39.53.130 39.53.140 39.53.900 39.53.910 39.53.920 NextLast modified: April 7, 2009