48-3255

48-3255. Partial payment of bonds and
interest

Upon granting the petition and during the retention of jurisdiction by the
committee, if there are in the district treasury at any time funds available for the
payment of bonds or interest thereon, but such amount is not sufficient to pay all
outstanding bonds, interest coupons, or both, then due, the funds shall be held until
they amount to at least twenty per cent of the total due on all outstanding bonds and
coupons and shall then be apportioned and paid to the holders of the bonds which are then
on deposit with the state treasurer.