Section 55-19-45 - Grants or advancements of funds by counties

Any county which is within the territorial limits of the district may grant or advance funds to said district to pay the preliminary expenses, including engineers' reports, attorney fees, organization or administration expenses, on such terms of repayment as the governing body of such county shall determine. Notwithstanding the provision of any law to the contrary, any such county is authorized and empowered to borrow money for a period not to exceed one (1) year from the date of such borrowing, for the purpose of making such grants or advances. The board of directors is hereby authorized to repay any such advances from the proceeds of any funds for bonds issued under the provisions of this chapter. The said district is authorized to expend all funds coming into its depository for any legitimate purpose authorized by this chapter.Codes, 1942, § 5977.5-23; Laws, 1972, ch. 329, § 23, eff. 4/11/1972.