TITLE 7. LOCAL GOVERNMENT

CHAPTER 13. UTILITY SERVICES

Part 30. Consolidated Local Government Water Supply and Sewer Districts

Authorization For Reserve Fund

7-13-3034. Authorization for reserve fund. The governing body may, in order to secure prompt payment of any district bonds issued in payment of the cost of improvements for the district and the interest on the bonds as it becomes due, create, establish, and maintain by resolution a fund, to be designated as the "reserve fund", for each issue of bonds.

History: En. Sec. 28, Ch. 282, L. 1991.