§ 47.10.380. Construction in Grant, Franklin, Adams counties authorized -- 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 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 § 47.10.380. Prior: 1955 c 311 § 11.]
Sections: Previous 47.10.310 47.10.320 47.10.330 47.10.340 47.10.350 47.10.360 47.10.370 47.10.380 47.10.390 47.10.400 47.10.410 47.10.420 47.10.430 47.10.440 47.10.450 NextLast modified: April 7, 2009