§ 47.10.736. Construction in Grant, Franklin, Adams counties authorized -- Sums in excess of retirement requirements -- Use
Whenever the percentages 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.
[1965 c 121 § 11.]
Sections: Previous 47.10.729 47.10.730 47.10.731 47.10.732 47.10.733 47.10.734 47.10.735 47.10.736 47.10.737 47.10.738 47.10.751 47.10.752 47.10.753 47.10.754 47.10.755 NextLast modified: April 7, 2009