GroundRules
7-7-124: Limitation on investment of sinking funds.
Where this section sits in the code
- TITLE 7. LOCAL GOVERNMENT
- CHAPTER 7. DEBT MANAGEMENT
- Part 1. General Provisions Related to Local Governments
If any of the bonds for which the sinking fund was established are not yet due but are then redeemable under optional provisions, the money in the sinking fund is not subject to investment but shall be used and applied in payment and redemption of the bonds.
Collected 2026-09-14T04:44:57Z. Source file · JSON