47.26.403 - Bonds -- Bond proceeds -- Deposit and use.
Bonds — Bond proceeds — Deposit and use.
The money arising from the sale of said bonds shall be deposited in the state treasury to the credit of the motor vehicle fund and such money shall be available only for the construction of state highways within the urban areas of the state, and for payment of the expenses incurred in the printing, issuance, and sale of any such bonds.
[1967 ex.s. c 83 § 39.]