Income from temporary investment of bonds

  1. Law
  2. Maine Revised Statutes
  3. ADMINISTRATIVE PROCEDURES AND SERVICES
  4. STATE DEPARTMENTS
  5. TREASURER OF STATE
  6. Income from temporary investment of bonds

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§151-A. Income from temporary investment of bonds

All net income realized from the temporary investment of bond proceeds on general fund bond issues approved by the 103rd Legislature and future Legislatures shall be credited to a special account designated as Debt Service Account, and used only for the retirement of bonds and notes.   [PL 1971, c. 544, §10 (AMD).]

SECTION HISTORY

P&SL 1967, c. 154, §E (NEW). PL 1967, c. 544, §8 (RPR). PL 1971, c. 544, §10 (AMD).


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