Section 14-92-308 - Use of net revenues

(a) The net revenues from a joint operation shall be used first to pay the principal and interest as they mature of revenue bonds issued under this subchapter.(b) Any remaining net revenues may be used to provide funds or pay bonds and interest issued for improvements, extensions, and betterments.Acts 1959, No. 262, § 5; A.S.A. 1947, § 20-736.