19-2128. Same; use and disposition of proceeds from sale of revenue bonds; county commissioners authorized to contract for construction, furnishing and equipping home.
19-2128
19-2128. Same; use and disposition of proceeds from sale of revenue
bonds; county commissioners authorized to contract for construction, furnishing
and equipping home.
The proceeds derived from the sale of the bonds herein authorized
shall be deposited to the credit of the board of county commissioners in
a bank, banks or other depositories designated by the board and kept in
a separate fund and used solely for the purpose for which the bonds are
authorized. The board is authorized to make all contracts and execute all
instruments which in its discretion may be deemed necessary or advisable
to provide for constructing, furnishing and equipping of the home for the
aged addition, and to provide for the manner of disbursement of the funds
for such purposes. Nothing contained in this act shall be construed as placing
in the county general fund or other county fund any money collected under
this act or requiring such action.
History: L. 1979, ch. 65, § 6; April 24.