TITLE 7. LOCAL GOVERNMENT

CHAPTER 14. TRANSPORTATION

Part 16. Railway Authorities

Debt Service Fund

7-14-1637. Debt service fund. An authority may create a debt service fund and accumulate in the fund a sum determined by the directors, together with the interest on the sum, for the use, repair, maintenance, and capital outlay expenses of a railroad.

History: En. Sec. 17, Ch. 333, L. 1993.