37-29-105 - Utilization of available funds for commencement of projects for which bonds have been authorized.
§ 37-29-105. Utilization of available funds for commencement of projects for which bonds have been authorized.
In the event that bonds shall have been authorized for projects determined by the board of trustees and such bonds validated, the board of trustees is authorized to utilize any available funds for the immediate commencement of such project and to reimburse the funds from which any such expenditures are made from the proceeds of the bonds when the same are received.
Sources: Codes, 1942, § 6475-57; Laws, 1964, ch. 398, § 7; Laws, 1968, ch. 406, § 1, eff from and after passage (approved June 24, 1968).