77-5-749 - Temporary investment and reinvestment of money.
§ 77-5-749. Temporary investment and reinvestment of money.
All moneys received pursuant to the authority of this article, whether as proceeds from the sale of bonds or as revenues may be temporarily invested and reinvested pending the disbursements thereof in such securities and other investments as may be permitted by law for investment of excess funds of municipalities.
Sources: Laws, 1978, ch. 363, § 20, eff from and after passage (approved March 14, 1978).