Proceeds of Sale of Bonds; Deposit in Fund; Payments

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Sec. 12. Proceeds from the sale of bonds under section 11 of this chapter shall be deposited in the thoroughfare fund and used by the unit to pay for:

(1) property acquired by the unit;

(2) benefits assessed against the unit at large; and

(3) damages increased by a court on appeal;

under this chapter.

As added by P.L.220-1986, SEC.30.


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