Sec. 13a-245. Excess funds.
Sec. 13a-245. Excess funds. Any balance of proceeds of sale of said bonds and
federal moneys added to the state moneys available for the project in excess of the costs
of the project shall be immediately reported to the Secretary of the Office of Policy and
Management. Net earnings on investments of proceeds, accrued interest and premiums
on the issuance of such bonds after payment therefrom of expenses incurred by the
Treasurer or State Bond Commission in connection with their issuance, and any balance
reported as in this section above provided, shall be deposited to the credit of the General
Fund.
(1961, P.A. 541, S. 11; 1963, P.A. 226, S. 245; P.A. 73-675, S. 38, 44; P.A. 74-342, S. 33, 43; P.A. 75-568, S. 31, 45;
P.A. 77-614, S. 19, 610.)
History: 1963 act restated previous provisions: See title history; P.A. 73-675 replaced highway fund with transportation
fund; P.A. 74-342 deleted reference to use of balance for payment of bond principal or interest; P.A. 75-568 replaced
transportation fund with general fund; P.A. 77-614 replaced commissioner of finance and control with secretary of the
office of policy and management.