48-2082. Revolving fund; lapsing provisions;
separate fund


A. The board may establish a revolving fund to aid the construction of public
improvements under this chapter. The board may provide for transfers into such fund from
any lawful source.


B. All unexpended balances of appropriations from the fund remaining after the
appropriations lapse revert to the fund.


C. The fund established pursuant to this section shall be kept separate and apart
from all other funds.


D. The monies in the revolving fund may be used to purchase bond anticipation
notes, aid in the payments made to the construction contractor, provide for the payment
of the district's share of any improvement authorized under this article or provide
monies to pay the assessments levied against public property.