313.64 - FINANCIAL STATEMENT ANNUALLY.
313.64 FINANCIAL STATEMENT ANNUALLY. Should the department accept the offer of any bridge over a boundary stream and enter into a written agreement in relation thereto as provided in sections 313.59 to 313.65, the owner or operator of such bridge shall thereafter and until all indebtedness or other obligations against such bridge have been paid and discharged annually file with the department a sworn statement of its financial condition. Such statement shall show funds on hand and indebtedness at the beginning and end of the year, receipts, disbursements, indebtedness retired during the year and any other information required by the department to show the true and complete condition of the finances with respect to such bridge and approaches thereto. The annual budget of authorized operating and other expenditures for or on behalf of such bridge and approaches shall be approved by the department before becoming effective. Expenditures during the year shall not exceed the approved budget unless an increase in the annual budget be likewise approved by the department.
Section History: Early Form [C46, § 313.33; C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 313.64] Referred to in § 313.65