§ 47.10.230. Additional bonds -- Excess sums in bond retirement fund -- Use
Whenever the percentage of the motor vehicle fund arising from excise taxes on motor fuels, payable into the highway bond retirement fund, shall prove more than is required for the payment of interest on bonds when due, or current retirement of bonds, any excess may, in the discretion of the state finance committee, be available for the prior redemption of any bonds or remain available in the fund to reduce the requirements upon the fuel excise tax portion of the motor vehicle fund at the next interest or bond payment period.
[1961 c 13 § 47.10.230. Prior: 1953 c 154 § 9.]
Sections: Previous 47.10.160 47.10.170 47.10.180 47.10.190 47.10.200 47.10.210 47.10.220 47.10.230 47.10.240 47.10.250 47.10.260 47.10.270 47.10.280 47.10.290 47.10.300 NextLast modified: April 7, 2009