28-6392. County regional area road fund;
distribution; investment
A. Each month the state treasurer shall distribute the monies in the county's
regional area road fund to the individual county and to the individual cities and towns
in the county in the manner that is determined by the board of supervisors before the
election and that is described in the publicity pamphlet for the election.
B. The jurisdiction receiving the revenues may only use the revenues for street and
highway purposes or for transportation projects included in the regional transportation
plan of the county as prepared by the county regional planning agency. If the auditor
general reports to the department after conducting a performance audit pursuant to
section 41-1279.03, subsection A, paragraph 6 that a jurisdiction has not used revenues
as provided in this subsection, the department shall notify the state treasurer who shall
withhold the noncomplying jurisdiction's revenues until the noncomplying jurisdiction
presents evidence that is satisfactory to the auditor general and that shows that the
jurisdiction has spent monies for purposes prescribed in this subsection from another
general revenue source equal to the amount of the revenues diverted from the uses
prescribed in this subsection.
C. The state treasurer shall invest and divest monies in the county's regional area
road fund as provided by section 35-313, and monies earned from investment shall be
credited to the fund.
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