§ 32-9-142 — Use of unexpended proceeds

Any unexpended balance of such
security proceeds remaining after the completion of the purposes for which such
securities were issued shall be credited immediately to the fund or account created
for the payment of the principal of said securities and shall be used therefor,
subject to the provisions as to the times and methods for their payment as stated in
the securities and the proceedings authorizing or otherwise appertaining to their
issuance, or so paid into a reserve therefor.

Legislative History

Source: L. 69: p. 724, � 1. C.R.S. 1963: � 89-20-43.