28-6747. Sale of bonds; highway improvement
fund; disposition of proceeds; use of surplus monies
A. The board of supervisors shall:
1. Sell bonds issued under this article in the same manner as other county bonds.
2. Deposit the proceeds in the highway improvement fund to be paid out by the
county treasurer only on order of the county highway commission and to be used only for
the purpose for which they were authorized at the election.
B. Any surplus remaining in the fund after completion of the improvement for which
the bonds were voted shall be transferred to the general road fund of the county and the
board of supervisors may spend the surplus either for repair of county roads or for
construction of state highways or roads connecting with state highways.
C. If the county highway commission determines that a surplus of more than one
hundred thousand dollars remains in the fund after completion of all work under the
contract, it may report that fact in writing to the board. The board of supervisors
shall direct the county highway commission to spend the surplus on designated state
highways or roads connecting with state highways without waiting for completion of the
work on the improvement of the highways for which the bonds were voted. The county
highway commission shall direct the expenditure of this surplus.
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