43.99D.025 - Administration of proceeds -- Use of funds.

Administration of proceeds — Use of funds.

The proceeds from the sale of the bonds deposited in the state and local improvements revolving account -- water supply facilities of the general fund under the terms of this chapter shall be administered by the state department of health subject to legislative appropriation. The department may use or permit the use of any funds derived from the sale of bonds authorized under this chapter to accomplish the purpose for which the bonds are issued by direct expenditures and by grants or loans to public bodies, including grants to public bodies as matching funds in any case where federal, local, or other funds are made available on a matching basis for improvements within the purposes of this chapter.

[1991 c 3 § 301; 1979 ex.s. c 258 § 4.]