Funds for payment of principal and interest.

Checkout our iOS App for a better way to browser and research.

For the purpose of providing funds for the payment of principal of and interest on short-term obligations, the governing body may authorize the creation of a special fund or funds and provide for the payment from authorized sources to such funds of amounts sufficient to meet principal and interest requirements.

[ 1982 c 216 § 8.]


Download our app to see the most-to-date content.