539.323 - Money paid to district treasury and held in United States Contract Fund; disposition of surplus.
539.323 Money paid to district treasury and held in United States Contract Fund; disposition of surplus.
1. All moneys collected in pursuance of the contract by assessment and levies or otherwise, and to be paid to the United States, shall be paid into the district treasury and held in a fund to be known as the United States Contract Fund, to be used for payments due to the United States under any such contract.
2. Any surplus moneys that may remain in the United States Contract Fund after any annual or semiannual payment due the United States under the terms of the contract has been fully paid may be transferred to the operation and maintenance fund.
[Part 59:64:1919; A 1927, 309; NCL § 8077]