§ 47.10.807. Sums in excess of retirement requirements -- Use
Whenever the percentage of the motor vehicle fund arising from excise taxes on motor vehicle and special 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 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 requirements upon the fuel excise tax portion of the motor vehicle fund at the next interest or bond payment period.
[1981 c 316 § 7.]
Sections: Previous 47.10.800 47.10.801 47.10.802 47.10.803 47.10.804 47.10.805 47.10.806 47.10.807 47.10.808 47.10.809 47.10.811 47.10.812 47.10.813 47.10.814 47.10.815 NextLast modified: April 7, 2009