§ 40-22-46 — Payment of outstanding warrants - Deposits of surplus in general fund - General fund liable for any outstanding warrants

General fund liable for any outstanding warrants.
Upon the discontinuance of any municipal parking lot under the authority of sections
40-22-44 and 40-22-45, the governing body shall apply the proceeds from the sale of such
property, if such property is sold, to the special assessment fund created to bear the cost of
creating the parking lot. If there is any surplus after all of the outstanding special assessment
warrants or bonds are redeemed, the surplus shall be transferred to the general fund of the
municipality. If the proceeds from the sale of such property, if such property is sold, are
insufficient to cover the cost of redeeming the outstanding special assessment warrants or
bonds, the governing body shall provide for the payment of said warrants or bonds out of the
general fund of the municipality.