§ 47.10.759. Additional funds -- Sums in excess of retirement requirements -- Use
Whenever the percentage of the motor vehicle fund arising from excise taxes on motor vehicle fuels payable into the 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.
[1967 ex.s. c 7 § 11.]
Sections: Previous 47.10.752 47.10.753 47.10.754 47.10.755 47.10.756 47.10.757 47.10.758 47.10.759 47.10.760 47.10.761 47.10.762 47.10.763 47.10.764 47.10.765 47.10.766 NextLast modified: April 7, 2009