Transfer of income from capital reserve fund to a general account--Continuous appropriation for purposes of chapter.

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1-16B-12. Transfer of income from capital reserve fund to a general account--Continuous appropriation for purposes of chapter.

The Economic Development Finance Authority may authorize a trustee to transfer any income from the capital reserve fund to a general account also in the custody of a trustee. The money in the authority's accounts is hereby continuously appropriated to the authority to carry out the purposes of this chapter.

Source: SL 1978, ch 9, §37; SL 1994, ch 12.


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