§ 4-48a-21

It is unlawful to divert, use or expend any money received from the issuance of bonds for any purpose other than the purpose for which the bonds were issued; provided, however, that bond proceeds may be used for reserves and to pay the costs of issuance. History: 1978 Comp., § 4-48A-21, enacted by Laws 1981, ch. 84, § 12.